Managing Work Life Balance
The current economic situation has been blamed for causing income loss, extended working hours and intense stress in workplaces all over the world. Due to this today people are being challenged to strike a balance between work life and family life. People are overwhelmed by the demanding careers, demanding families, a slow economy and so on. This has left people with little time for what they need and want to do.
Motivation refers to the desire, effort and passion to achieve something (Paul, Hoang, 2007). In business terms it is often referred to as the willingness to complete a task or job with enthusiasm. There are different motivators for every person. Some people are motivated by fears. Others are motivated by rewards. Many businesses recognize the fact that employees are their most important and valuable asset. And so it is essential that these businesses can get the most of them i.e. higher productivity so that their average cost of production is lowered and profits increased. However managers often are not able to get the best out of their employees which eventually leads to employees leaving the organization.
We are all familiar with stress. Stress is commonly associated with how well or badly people cope with changes in their lives - at home, within the family, at work or in social situations (Stranks, Jeremy W., 2005). So stress can be looked upon as an emotional and physical strain that is caused to people when they experience pressure from the outside world. Stress eventually leads to tension, irritation, lack of concentration and some physical problems such as headache, fast heart beats and high/low blood pressure.
Stress in work place if not managed properly will surely cause harm both to employer and employee. Job stress has become a common and costly problem in most workplaces.
Stress can be classified as positive and negative. Stress when handled well can prove to be positive but the pre-requisite of this is a mature manager who
Motivation refers to the desire, effort and passion to achieve something (Paul, Hoang, 2007). In business terms it is often referred to as the willingness to complete a task or job with enthusiasm. There are different motivators for every person. Some people are motivated by fears. Others are motivated by rewards. Many businesses recognize the fact that employees are their most important and valuable asset. And so it is essential that these businesses can get the most of them i.e. higher productivity so that their average cost of production is lowered and profits increased. However managers often are not able to get the best out of their employees which eventually leads to employees leaving the organization.
We are all familiar with stress. Stress is commonly associated with how well or badly people cope with changes in their lives - at home, within the family, at work or in social situations (Stranks, Jeremy W., 2005). So stress can be looked upon as an emotional and physical strain that is caused to people when they experience pressure from the outside world. Stress eventually leads to tension, irritation, lack of concentration and some physical problems such as headache, fast heart beats and high/low blood pressure.
Stress in work place if not managed properly will surely cause harm both to employer and employee. Job stress has become a common and costly problem in most workplaces.
Stress can be classified as positive and negative. Stress when handled well can prove to be positive but the pre-requisite of this is a mature manager who
Bibliography: ANI. "Work Stress Costs Firms Billions, Says Study." Thaindian News. 6 Oct. 2008. Web. 16 Dec. 2010. . Clutterbuck, David. Managing Work-life Balance: a Guide for HR in Achieving Organisational and Individual Change. London: Chartered Institute of Personnel and Development, 2003. Print. "Idea: Portfolio Working." The Economist. 2 Nov. 2009. Web. 16 Dec. 2010. . Paul, Hoang. Business and Management. 1st ed. [S.l.]: Ibid, 2007. Print. Ronald, Claiborne. "A Definition of Work-life Balance - by Ronald Claiborne - Helium." Helium - Where Knowledge Rules. 31 Mar. 2009. Web. 16 Dec. 2010. . Stranks, Jeremy W. Stress at Work: Management and Prevention. Amsterdam [u.a.: Elsevier Butterworth-Heinemann, 2005. Print.