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HRM Review Magazine:
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Though the attractive monetary incentives are the primary reason for an employee to stay with an organization, flexible working arrangements have become quite instrumental in retaining staff at all levels in an organization. The article throws light on how smart companies are changing their approach to working arrangements to curb the attrition rates and achieve an overall satisfaction of their workforce.

 
 
 

A challenge for industrial engineers, counselors, corporate executives and the like in the recent past is to address the issue of increasing productivity, efficiency and profitability while balancing family time and activities conducive to a healthy lifestyle. According to the Director, HR, Motorola India, Raghuram Reddum, work-life balance has emerged as one of the biggest challenges for HR in future.

With the organizations opting for flatter structures where fewer employees are expected to manage increased workloads, it becomes very difficult for the employees to maintain a balance between the responsibilities of their workplace and home demands. Managers worldwide are facing longer working hours and unpredictable work schedules thus ending up with less personal or family time leading to more and more stress. Studies reveal that moderate levels of stress are beneficial and most people are capable of handling it.

Introduction of the work-life balance policies is in the interest of the employers as it pays dividends in terms of motivation, which can flow through to the bottom-line. By implementing the work-life balance practices, a majority of the organizations have seen a significant drop in the stress levels of people resulting in higher quality performance

 
 
 
 

HRM Review Magazine, Work-Life Balance, Organizational Changes, Stakeholders, Globalization, Cyber-loafing, Performance Ratings, Business Environment, Organisational Strategies, Organisation Functions, Work-Life Balance Strategies, Raghuram Reddum, Human Resource Management.