Work-Life Balance as a Best Practice Model of Human Resource Management: A Win-Win Situational Tool for the Employees and Organizations

Abstract

Organizations focus upon increased revenue generated by its employees, competitive workforce and employee
dedication for achieving its strategic goals in order to meet the challenges of 21st century. However, in this era of hyper
competition work life balance of employees’ at all managerial levels has been affected enormously. This exploratory study
deliberates upon a brief elaboration of work-life balance, its importance for the organizations and the various emerging
practices/initiatives associated with it. The current research builds upon the considerable knowledge related to the theory and
practices of Work-life balance from extensive Meta-analysis of literature. The findings reveal that work-life balance is both
important for the organization and for its employees particularly in current dynamic organizational scenarios. It helps the
organization to improve productivity, efficiency, competitiveness, morale and hence gain a competitive edge. Similarly
employees are benefited from work-life balance initiatives through increased motivation to work, enhanced satisfaction,
empowerment and ultimately more commitment to the organization.