The Economic and
Social Research Council (ESRC) and Learning and Skils Council earlier this year
reported on the state or work-life Balance across industry sectors.
So what did they have
to say? We looked into the report and here we summarise the key points.
The ESRC carried out a
study on 700 firms in France, Germany, the UK and the US. Their results
provide for interesting reading.
Perhaps in contrast to
what one might think, the small firm where employees know the names, faces and
birthdays of everyone around them is not necessarily the best place to gain the
ideal work-life balance. According to the ESRC, the bigger, more
globalised firm is better positioned to provide its employees with a better
work-life balance for their employees.
The report also backs
up what we all already know - that well managed firms work smarter and that
working smarter means employees are less likely to work more than their daily
contracted hours.
Particularly helpful
management practices in firms where employees had a better work-life balance
included the fostering of talent, consistent training opportunities, the reward
and retention of high performing staff. Where a company was in the habit
of these good management practices, they were also more likely to provide more
family friendly policies, encouraging better work-life balance, for example,
flexible working, shorter hours, more holidays and better childcare options.
A study by Investors
in People (IiP) backs up the findings of the ESRC, stating that flexible working
procedures can help reduce absenteeism and improve retention.
Figures from the
National Office for Statistics suggests and increase in those working flexibly
from home - so perhaps organisations are finally catching on that better
work-life balance means happier employees who are more likely to stay with the
organisation.
If you are worried
about the effects of poor work life balance on your employees or your clients,
you might want to measure their work and life stress levels. One of
ConsultingTools newer products, StressScan can do just this. If you would
like further information, please do
contact us.
To read the ESRC
report on Work-Life Balance,
click here.
To read the IiP
report on Work-Life Balance,
click here.