The business case for a work life balance
The benefits of getting it right are:
- Higher productivity and competitiveness (British businesses work the longest hours in Europe, but our productivity levels are one of the lowest)
- Increased employee flexibility and improved customer experience
- Raised morale, motivation, commitment and engagement
- Reduced absenteeism and welfare issues (Over 1/3 of workers are exhausted)
- Improved recruitment and retention of a diverse workforce
- Being an employer of choice
- Reduced overheads
- Meeting legal requirements - Work and Families Act 2006
- It is about meeting the well being needs of your staff and protecting your ‘employer brand’
- Companies need to consider investing in their people – who are their greatest asset – the human capital of a company balance sheet
- It is also about your commitment to quality of life for employees and social responsibility
- Stress related sickness costs British Business over £13 Billion every year (CBI 2006)
- And as all managers know, staff are critical to the success of a company.
