value & ethics in business - quality of life

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TRINITY INSTITUTE OF PROFESSIONAL STUDIES Sector – 9, Dwarka Institutional Area, New Delhi-75 Affiliated Institution of G.G.S.IP.U, Delhi BBA (G)Value & Ethics in Business- 17301 Quality of Life By Dr Vandana Malviya…

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Page 1: Value & Ethics in Business - Quality of life

TRINITY INSTITUTE OF PROFESSIONAL STUDIES

Sector – 9, Dwarka Institutional Area, New Delhi-75Affiliated Institution of G.G.S.IP.U, Delhi

BBA (G)Value & Ethics in Business- 17301

Quality of LifeBy Dr Vandana Malviya…

Page 2: Value & Ethics in Business - Quality of life

TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

What is happiness for you

Page 3: Value & Ethics in Business - Quality of life

TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Quality of life

• It is measured by the freedom one has to enjoy what he desires politically, economically and socially;

Page 4: Value & Ethics in Business - Quality of life

TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Aspects of QWL

• Economic;• Social;• Physical;• political

Page 5: Value & Ethics in Business - Quality of life

TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Definition of QWL involves

• Occupational health care;• Suitable working time;• Appropriate salary.

Page 6: Value & Ethics in Business - Quality of life

TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Nature and scope of QWL

• Recognition of work life issues;• Commitment to improvement;• Formation of quality of work life teams;• Training of facilitators;• Conduct focus groups;• Analyze information from focus group;• Identify and implement improvement

opportunities.

Page 7: Value & Ethics in Business - Quality of life

TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Importance of QWL

• Enhance stakeholder relations and credibility;• Work life quality can increase productivity;• Work life options help attraction and

retention;• Job involvement;• Job satisfaction;• Company culture is part of the company

reputation.

Page 8: Value & Ethics in Business - Quality of life

TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Problems in Improving QWL

• Poor reward and recognition;• Dead end jobs;• Managing people through coercion;• Negative working environment;• No job security;• Negative attitude.

Page 9: Value & Ethics in Business - Quality of life

TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Ways to Improve QWL• Reward and recognition;• Provide growth opportunities;• Respect and boosting self esteem;• Provide vision and support;• Mutual commitment;• Good working environment;• Empowerment;• Hiring right people;• Work life balance;• Out of the way help