Work-Life Balance
Company initiatives are tied to profitability. So why care about work-life balance?
Fact: Company initiatives are tied to profitability. So why care about work-life balance?
Research tells us that happy and healthy employees are more productive at work. Companies are trying harder to help their employees achieve better work-life balance because this positively impacts a company’s bottom line.
Ohio offers businesses an environment that makes it easy to foster work-life balance. The convenience of travel, with short commutes from work to home, lower stress and give more time to priority family activities. From anywhere in Ohio, you are within 600 miles of 60 percent of the U.S. population and 50 percent of the Canadian population, making it easy to see why companies are turning to the State of Perfect Balance to grow their business.
There are many other ways that work-life balance is tied to profitability, including:
- Attracting the best and the brightest. Studies show that programs like flexible work arrangements and family-friendly environments are key factors in choosing a job. Being known as a business that values and supports work-life balance goes a long way in recruiting top talent.
- Keeping employees at work and productive. Reducing absenteeism occurs when you provide your employees with flexibility and balance. It allows them to manage important non-work issues within the parameters of the working arrangement, thus reducing unplanned absenteeism and lost productivity.
- Increasing worker loyalty. It is proven that work-life balance and respect for an employee’s personal life are shown to increase loyalty. Loyal workers are a company’s best ambassadors and strongest internal supporters.
- Retaining your top talent. Keeping your existing employees happy is critical for retention. The cost of turnover is easily calculated and understood by executives. Retaining your best talent is critical to increasing bottom line impact.
- Lower health care costs. Overworking employees directly leads to health issues. Work related stress can impact health care costs for an entire organization.
- Positive PR. Many companies pay thousands of dollars a year for positive public relations. Yet good word of mouth from your employees or an award for “best place to work” can be just as beneficial to a business’s reputation with customers, partners and prospects.