hr summit work life balance bfsi 29th aug09
DESCRIPTION
This is a presentation prepared on the topic Work-Life Balance for a human resources summit organised at IMT, Ghaziabad by HRUday, the HR club.TRANSCRIPT
Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
Work Life Balance – BFSI
Conceptualized & Presented by:Prashant Kumar, Smita Nahata, U. Sridevi(PGDM Executive 09-10)
Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
Work
LifeHome
Work, Home and Life
Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
Work (Ambitions, promotions, career
growth etc.)
Home (Family, social
responsibilities etc.)
Work, Home and Life
Life
Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
Work (Ambitions, promotions, career
growth etc.)
Home (Family, social pressure etc.)
Work, Home and Life
Life
Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
When It Emerged
Pre 1980s Post 1980s
Banking, Financial Services & Insurance•Banks: Huge customer demands as a part of
service sector
• Financial Services & Insurance: Tough sales targets, tremendous pressure for meeting deadlines
Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
BFSI industry
Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
Individual Organizational
Family demands Work culture
Social commitments Supervisor support
Commuting problems Team behavior
Excess work load HR policies (leaves, medical facilities etc.)
Influencers of work life balance
Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
QuestionnaireSl. No. Question
1On a scale of 1 to 5, where would you put yourself in terms of maintaining a work life balance?
2 Which of the following describes you? Single, Married, Married with dependents3On an average how many hours per day do you spend at work?4Do you find enough leisure time for yourself?5Do you think BFSI sector in particular has a poor work life balance?6Do you sleep enough, exercise, and eat food on time?7Do you spend as much time as you like with your loved ones?
8Which of the following individual/organisational level factors hinder the most in your work life balance?
Individual: 1. Family demands, 2. Social commitments, 3. Commuting problems, 4. Excess work demand
Organisational: 1. Work culture, 2. Supervisor support, 3. Team behaviour, 4. HR policies (leaves, medical)
9Are you happy?
10Do you think your organisation is providing enough support for you to balance your work life? (eg. Flexible time, spouse & kid facilities)
Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
Questionnaire results• Out of 15 respondents, 7 rated work life balance at 3, 6 rated work life balance at 2.
• Respondents : Single (7), Married (5), Married with dependents (3)
• Average work hours: 11
• Find leisure time: Only 5
• Work life balance difficult in BFSI sector: 10 Yes
• Enough sleep, exercise, food on time: Only 4
• Spend enough time with loved ones: 9
• Difficult work life balance due to Excess Work load: 8, Due to work culture: 10
• Happy? More than half
• Enough support from organization for proper work life balance: 50% Yes
Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
• Manage time at work well• Identify bottlenecks in work.• Effective planning
• Practice saying ‘No’• Develop positivity
• Art of Prioritizing family/personal interests
• Develop strong family bonds – dining together on every weekend, mandatory holiday every year
Balancing work & home to live life
Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
•Unexpected stringent deadlines• Inefficient team•Workaholic superiors•Overambitious personality• Employee-unfriendly organization practices• Family/organization crisis
Destroyers of work life balance
Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
What can organization DO ???• Employee-friendly HR policies – availing
leaves mandatory• Setting realistic targets & promoting work
culture to attain WLB• Extra Facilities – medical facilities, flexible
timing, child-care facility• Training employees to counteract stress,
work-life conflicts, work force diversity
Thank YouQuestions?
Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009