 |
| Figure1: How to achieve Work-life Balance (Source: Life Coach Directory, 2017) |
Work-life balance
Greenhaus (2002) cited in Delecta (2011) defined work –life balance as satisfaction and good functioning at work and at home with a minimum of role conflict. Delecta (2011) has further stated life balance as satisfactorily completing the duties in the three essential areas of life: work, family, and personal. Work necessitates work hours, work intensity, and the percentage of time spent working.
 |
| Figure2: Why is a work-life balance important? (Source: Pasadena Villa, 2021) |
With the current hybrid model of working in most of the banks, it has come to a point where the employees are over loaded with work and they unknowingly tend to work extra hours on a daily basis. This is mainly due to the fact that they work from home and it is difficult most of the time for them to say no to any ad-hoc meetings and tasks.
A study explains that “additional
work hours subtract from home time, while high work intensity or work pressure
may result in fatigue, anxiety or other adverse physiological consequences that
affect the quality of home and family life (White et al., 2003 cited in
Delecta, 2011, p.186). Therefore, it is essential to maintain a balanced work
life by the staff in a banking environment as it ultimately impacts on both
employee and customer experience with the organisation.
What can organisations do to help employees achieve work life balance?
Glendon et al., (2007) has stated that, employers will require expert advice on which, family-friendly policies are most suited to their needs in terms of attracting and maintaining the skills they require to be productive and competitive.
 |
| Figure3: Work-life balance in the digital workplace (Source: Gryzb, 2021) |
It was noted that most of the banks at present, has started
promoting flexible work hours as well as working on shift rotations. A study
also states that “organisations have come up with numerous initiatives to address
work–family balance problems for workers such as part-time work, shorter
shifts, job sharing and other flexible work options” (Glendon et al., 2007, p.41).
These practices are helpful most of the time for the employees, since it will
then be easy for them to plan their personal work accordingly and work flexibly.
In this way, neither the employer will have to face any loss, nor the employee.
It was also noted through a study conducted by a couple of researchers that “the
use of flexible working hours was the most frequently employed workplace option”
(Glendon et al., 2007, p.78).
Conclusion
It is essential that the employees in the banking sector achieve a balanced work life, as it is important to maintain both physical and mental wellbeing. Through a healthy working style, the employees will then be able to enhance their employee experience as well as their productivity, which ultimately help achieve the organisational goals easily and meaningfully.
References
Delecta, P., 2011. Work life
balance. International Journal of Current Research, 3(4), pp.186-189.
Glendon, A.I., Myors, B. and
Thompson, B.M., 2007. A perspective on the current state of organisational
psychology. Adv.-Final Text. x 15/6/07 1: 26 PM Page i, p.3.
Grzyb, M., (2021) WORK-LIFE BALANCE IN THE DIGITAL
WORKPLACE. [ONLINE]. Available at:
https://www.denisonconsulting.com/work-life-balance-in-the-digital-workplace/
[Accessed 14 December 2021].
Life Coach Directory, (2017) How to Achieve Work-life
Balance. [ONLINE]. Available at: https://www.careersinaudit.com/article/how-to-achieve-work-life-balance/
[Accessed 14 December 2021]
Pasadena Villa, (2019) Why is a work-life balance
important?. [ONLINE]. Available at: https://www.pasadenavilla.com/2019/05/08/work-life-balance-importance/
[Accessed 14 December 2021].
Maintaining a healthy work-life balance is not only important for health and relationships, but it can also improve your employee's productivity and performance. Interesting and informative article.
ReplyDeleteAllocating work is a process that you will need to become familiar with. Take a look at the tasks you've assigned and make sure everyone has a manageable workload. What appears to be a simple task to management may in fact take a full day to complete. Managers will be able to tell which employees are overworked and understaffed.
ReplyDeleteThank you so much for your valuable comment.
DeleteThis comment has been removed by the author.
ReplyDeleteTimely topic and essential concept for an every organization. "A company needs its employees to be productive. That’s where the importance of work-life balance comes into play – if an employee’s work-life balance is steady, they will be much happier at work. This leads to greater productivity. Staying late every night and working overtime may seem like it would boost productivity, but realistically the work is most likely of a lesser quality" (Sprigghr, 2021).
ReplyDeleteIn the work environment the work life balance should be concentrated by the worker and the company y hr department also has equal share to make sure the worker is given enough free time where he or she can spend time with family and friends
ReplyDeleteAs you mentioned, work-life balance is the most challenging aspect of every employee. hybrid work concept is one of the solutions for work-life balance. it will help create a better work environment between employee and organization.
ReplyDeleteA greater work-life balance would allow employees to spend more time with family and friends, engage in hobbies, and generally enjoy life more. This increase in employee happiness has a direct impact on the company's profitability, with both employees and employers enjoying high returns.
ReplyDeleteThank you so much for your valuable comment.
DeleteDuring the epidemic, many employees worked from home, resulting in faster adoption of new technologies in the workplace and demonstrating that most employees can function successfully while remotely while maintaining an overall work-life balance, which benefits both businesses and employees. Businesses are migrating from traditional to flexible work settings as we emerge from the crisis, and it's critical that they embrace a balanced and productive long-term work model, such as the hybrid work model.Thank you.
ReplyDeleteA hybrid work style - a mix of traditional and flexible working - can lead to improved productivity and employee happiness. Companies and organizations can boost productivity by altering their staff structure. Employee satisfaction and flexibility can bring about the benefits of mixed work structures, according to experts, Hybrid model has become the new normal life in many sector industries, Your article is useful to learn the topic, Thank you
ReplyDeleteThank you so much for your valuable comment.
DeleteTo ensure sustainable growth for a organization in long run, The company should facilitate and assist employees to maintain work-life balance, it is relevant not only for banking sector, but also for every industry. But, in my perspective, in Sri lankan context, company Top management does not pay much attention on this regard. However, it is HR manager responsibility to facilitate workers to have a Work-life balance.
ReplyDeleteMaintaining work and life balance is a must to every employee if not, they will sooner worn out and could affect both life and the occupational requirement alike. Bank staff has a tedious job comparing to other corporate sector employees and maintaining highest accuracy, efficiency and effective engagement had always been a challenge amidst of heavy work load. hence, the higher authorities should delegate work, must give extra relief hours and always monitor their well being
ReplyDeleteThank you so much for your valuable comment.
DeleteMany of your workers may be desperate for a better work-life balance. Others, on the other hand, may be content with the amount of time they spend working. Some people like to start work later but are content to finish it later as well. Others may be willing to work longer hours if it means they can unwind when they get home. Some people may want to work part-time but are unsure how to contact their boss about it.
ReplyDeleteCompanies that attract – and maintain – the finest employees understand that each employee is unique, so they create work experiences that can be tailored to each individual.