A STUDY OF WORK-LIFE BALANCE AND ITS EFFECTS ON ORGANIZATIONAL PERFORMANCE

Abstract

Work-Life Balance is an omnipresent issue concerning all sections of the organizations and society including research scholars and business leaders for obvious reasons. Maintaining a high quality of work-life is imperative to achieve the goals of the organization as well as for individual satisfaction. The quality of work-life hinges mainly on support both from society and organization, work-life balance policies and programs, and various other dimensions such as job satisfaction, rewards and benefits, recognition, individual commitment, proper grievances handling, participative management, welfare facilities, work environment, and safety. Maintaining a flexible work-life balance, given its already complex nature, is a more arduous task in case of women employees, especially in the manufacturing sector, where such challenges exist that are beyond one’s imagination. Literature has revealed the extent of tokenism dealt with by the women employees and the words of disapproval they hear from within the organization and the society. However, there has been little research aimed at conceptualizing, designing, developing, implementing and maintaining feasible work-life balance models, programs and procedures to help deal with these challenges and strike a balance between work and life. This review paper focuses on and analyzes the literature review on work-life balance, its dimensions, effects on organizational performance and attempts that have been made to strike a balance between work and life.