IMPACT OF WORK-LIFE BALANCE INITIATIVE ON EMPLOYEE RETENTION IN NEPALESE IT INDUSTRY
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Abstract
Due to the environment's constant change, organizations nowadays face numerous difficulties. At this modern era company's numerous challenges are with keeping their employees happy and satisfied on their workplace. Work life balance is taken as the main determinant of employee retention. According to Hyman & Summers, (2004), The major problems associated with current practices at different organizations over
work-life balance are lack of formalization of policies at organizational level. Others include restricted employee voice, no evidence of reduction in working hours, and domestic responsibilities still conducted by women irrespective of their employment status. Work-life balance is about the interaction between paid work and other
activities, including unpaid work in families and communities.
Description
Integrating work and family life have become a constant challenge for individuals but when carried out in a balanced way can lead to extraordinary results. Getting the right work-life balance is something that everyone is struggling with. It is essential to combat stress, and also ensures both individual and organization success. Almost every organization struggles to balance the conflicting demands of work, family, and social life. Work-life balance is a complicated matter for IT professionals, whether they are men or women, as working hours are increasing and tracking the hours spent is more stringent than ever.