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Work Life Harmony& Work-Life strategy in Singapore

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date:Aug 11,2012 source: editorial staff:linan clicks:

The implementation of a Work-Life strategy is key to achieving such a win-win situation for both employers and employees. It also plays an important part in attracting and retaining talent.
 
business benefits resulting from a successful Work-Life strategy can include:
•Increased productivity;
•Improved recruitment and retention;
•Lower absenteeism rates;
•Improved customer experience; and
•A more motivated, satisfied and equitable workforce.
In terms of bottom line, for every $1 spent on family-friendly programmes, a company reaps an average return of $1.68.
 
Work-Life Strategies
The Government encourages all businesses to implement work-life strategies so that all employees can enjoy work-life harmony and contribute sustained peak performance to employers.
 
•What Are Work-Life Strategies?
•Why Should I Implement Work-Life Strategies?
•Is There Any Funding Available?
•How Do I Get Started?
What Are Work-Life Strategies?
 
•They are strategies that an employer implements to help employees manage work responsibilities alongside personal and family needs.  
•They contribute to maximising employee productivity at work and help make organisations more competitive.
•Work-life strategies can be divided into 3 broad categories:
•flexible work arrangements
•enhanced leave benefits
•employee support schemes
 
Why Should I Implement Work-Life Strategies?
•The Singapore National Employers Federation conducted a study on 11 Singapore-based organisations in 2003 and found that for every S$1 spent on family-friendly programmes, the company reaped a return of S$1.68.
•Work-life strategies have been found to lead to:
•gains in productivity and shareholder value
•improved employee engagement
•improved attraction and retention of talent
•reduced health-related costs (e.g. absenteeism, medical leave)
•improved customer experience
•a more motivated and satisfied workforce

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