Arthavaan Vol 6 Dec 2023 is available in print also

Arthavaan, Vol 6, Issue 1, December 2023

Work Life Balance Practices: A Key Driver of Corporate Sustainability
1-10 PAGES | 116 VIEWS | 3 DOWNLOADS

Dr. Rajwant Kaur, Assistant Professor, Department of Commerce, D.A.V. College, Jalandhar

 

Dr. Siddharth Chandel, Assistant Professor, Department of Management Studies LR Institute Solan

 

Prof. Rajiv Chopra, Principal, Delhi College of Arts and Commerce, New Delhi


Abstract

In  this  highly  competitive  and  tech  savvy  world,  no organization can survive without addressing work-life balance issues of its employees. As employees devote maximum part of their lives in building corporates, in return, it becomes the social and moral responsibility of these corporates to come forward with innovative work-life balance practices and policies to tame the work-life stress of their employees. It should be the prime concern  of  organizations  to  take  care  of  employees and their families and keep them happy. Since, there has been little academic attempt to provide a holistic picture of work-life balance benefits and programmes (WLBPs)  offered  by  various  organisations  in  India, the current paper has made an attempt to understand the  present  status  of  organizational  endeavours  in India in the form of WLBPs in general and of RCF in particular  to  address  work  life  issues  of  employees. It has also been tried to explore the significant work life policies and practices by applying factor analysis. The  study  was  carried  out  at  Rail  Coach  Factory, Kapurthala (Punjab). The primary data for study was collected through questionnaire with a sample size of 432 respondents. The findings of the study revealed that RCF  and  various  other  organisations  are  conscious about  employees’  work  life  balance  and  providing them  a  plethora  of  work  life  balance  promoting facilities. The study had identified six significant work life practices/ policies which the HR managers must focus to improve work life balance of their employees. The paper suggests that organizations in India should incorporate  WLB  policy  as  a  part  of  their  strategic corporate  social  responsibility  pursuits  by  ensuring an  effective  congruence  between  employee  needs and  organisational  values.  It  also  suggests  effective communication system and a supportive culture for its effective implementation to have win-win situation for organisation and employees.

Keywords: 

Work-life balance, HR managers, work-life balance initiatives

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