Work-life balance is an important issue for both employees and employers. It refers to a state of equilibrium where the demands of both one's personal and professional life are equal. There are many factors that contribute to the importance of work-life balance, including global competition, renewed interest in personal/family values, and an aging workforce. Employers recognize that lack of work-life balance can lead to increased absenteeism, turnover and health costs. There are various options that employers can provide to help employees achieve better balance, such as flexible schedules, telecommuting, leaves and employee assistance programs.