THE ROI OF INVESTING IN EMPLOYEE WORK-LIFE BALANCE
In the modern competitive and technologically driven world Investing in Employee well being to help them smoothly maintain a work life balance is not a luxury. Therefore many organizations invest on employee well being and expect a return in terms of productivity ,engagement and Retention .
Below are some of the returns that a company would expect by investing in Employee well being .
Drake, K.S. and Brown, A.K., 2017. Making the Business Case for Work-Life Integration in the United States. In Work-life balance in the modern workplace: interdisciplinary perspectives from work-family research, law and policy (pp. 73-101). Kluwer Law International.
Shtembari, E., Kufo, A. and Haxhinasto, D., 2022. Employee compensation and benefits pre and post COVID-19. Administrative Sciences, 12(3), p.106.
Below are some of the returns that a company would expect by investing in Employee well being .
Reduced Turnover Costs
One of the best return that an organization would expect by investing in employee well being is the employee retention as high employee turnover comes with a significant cost such as recruitment and training .(Shtembari, Kufo and Haxhinasto, 2022)Increased Productivity and Engagement
Every organization expects their employees to be more productive and engaging. focusing on employee wellbeing is one of the key that helps the organizations to achieve their expectationsA study by Harvard Business Review found that employees who felt they had good work-life balance worked 21% harder than those who didn’t (HBR, 2018). When employees feel respected and supported, they naturally give more to the organization.Enhanced Employer Branding
Work-life balance also boosts employer reputation. A Glassdoor survey revealed that companies known for supporting balance attract better candidates and experience a 25% increase in applications (Glassdoor, 2020). This means businesses spend less on recruitment while attracting top-tier talent.
References
Drake, K.S. and Brown, A.K., 2017. Making the Business Case for Work-Life Integration in the United States. In Work-life balance in the modern workplace: interdisciplinary perspectives from work-family research, law and policy (pp. 73-101). Kluwer Law International.
Glassdoor (2020) Work-Life Balance Report. Available at: https://www.glassdoor.com (Accessed: 4 April 2025).
Shtembari, E., Kufo, A. and Haxhinasto, D., 2022. Employee compensation and benefits pre and post COVID-19. Administrative Sciences, 12(3), p.106.
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ReplyDeleteWhat is the calculation that you can apply for this ROI method when it’s comes to Employees work life balance and company cost saving?
ReplyDeleteWhen you think the applicable calculation to Employees work life balance and company cost saving
DeleteWork life balance actually saves the company money too. Better work-life balance means people stay longer, perform better, and take fewer sick days. If you calculate the ROI by looking at the money saved on hiring and training new people, plus the boost in productivity, it’s a win-win. It’s something I’ve been writing about a lot lately, and it’s clear that taking care of your team really pays off
Investing in employee well-being is truly a great opportunity for an organization! Not only does it enhance work-life balance, but it also brings great benefits like reduced turnover costs and improved productivity. It's great to see how organizations that prioritize their employees' well-being enjoy stronger engagement and attract top talent.
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