What is work-life balance, and why is it important?

 Vinod C Dixit

(dixitpatrakar@yahoo.in)

The banking industry is an emerging industry in India. The entry of the private sector and foreign banks has brought various essential changes to the banking industry. Work-life balance in Banks has been in the news a lot recently. What does this mean for those in HR or leadership roles? Work-life balance is the state of equilibrium where a person equally prioritises the demands of one’s career and the demands of one’s personal life. Some of the common reasons that lead to poor work-life balance include increased responsibilities at work, Working longer hours, increased responsibilities at home, and having children. Work-life balance is a concept that includes proper prioritising between “work (career and ambition), professional life, and personal life. “Lifestyle” (health, pleasure, leisure, family, and spiritual development/meditation).

Work-life balance is great. Historically, the banking industry has been characterised by long, intense working hours. Bank employees make painful efforts to meet the multiple needs of their customers. As employees log more hours, work-life balance has become an increasingly important factor in overall satisfaction in the workplace.

Nowadays, managing work-life balance is a challenge for different lives; a good working definition of work for both employers and employees, particularly in service Life Balance is an industry where employees are loaded with work at the workplace and, at the same time, they have to balance their Meaningful daily achievements and Enjoyment in their personal lives. When creating a schedule that works for you, think about the best way to achieve balance at work and in your personal life. Your overall physical, emotional, and mental health should be your main concern. Prioritising your health first and foremost will make you a better employee and person. Work-life balance is time management plus stress management.

The menace of work-life imbalance is noticeable in the banking industry. Employees in banks make painful efforts to meet the various needs of their customers. Work deadlines are getting shorter, and individual jobs are loaded with quality output. Due to work pressure, it becomes hard to maintain a balance between professional and family life.

Work life and personal life are two sides of the same coin in the four life quadrants. It is important to understand how important balance is to creating engaged and happy workers. Maintaining a healthy work-life balance is not only important for health and relationships, but it can also improve your employee’s productivity and, ultimately, performance. A healthy work-life balance allows everyone to excel at work and take care of their personal wellbeing outside of the office. There are a lot of benefits to work-life balance, as its policies provide the ability to manage work and individual commitments. It leads to improved personal and family satisfaction. It guides to have increased focus and motivation, and one of the factors that affect women employees’ retention is job satisfaction, knowing that the family and work the company. It leads to less distraction. Directs an increase in job security due to flexibility or work time flexibility.

A perfect work-life balance is maintained by having flexible working hours. A negative work-life balance can cause burnout, stress, health problems, and pressure on marital and family relationships. Because these issues can significantly affect worker productivity and output, many progressive organisations are prioritising addressing the topic of work-life balance. There is no doubt that employers expect more from their people, which leads to them feeling more pressure to achieve greater results. These pressures appear to have reached a breaking point as people realise that they need to achieve better balance in their lives.

Work-life balance provides an opportunity to balance work and life, usually in a relaxed work culture. What we need is to adopt and encourage flexible working hours to meet employees’ needs. Everyone is super friendly and smart.