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Research on Work Life Balance to Improve the Productivity and Employee Retention at Safexpress

Rs. 2,000.00



Introduction:
“The challenge today is not just retaining talented people, but fully engaging them, capturing their minds and hearts at each stage of their work lives.”

Does good management and higher productivity come at the expense of work- life balance (WLB), or is good work- life balance an important component of the management of successful firms? Some more pessimistic critics of globalization have argued that competition stimulates Anglo- Saxon management practices that may raise productivity but only at the expense of well- being at work. For example, Jacques Chirac, the French president, has stressed that:
[Europe’s] model is the social market economy, [the] alliance of liberty and solidarity, with the public authority safeguarding the public interest. France will therefore never let Europe become a mere free- trade area. We want a political and social Europe rooted in solidarity.

By contrast, a more optimistic view is often justifi ed by citing the tangible and intangible business benefi ts of good WLB, sometimes espoused by the more optimistic Human Resource Management literature. For example, Tony Blair, the UK Prime minister, stated:

The UK has shown it is possible to have flexible labor markets combined with family friendly policies to help work/ life balance. The result has been higher growth, higher employment and low unemployment.

Given the slower productivity growth of Europe relative to the United States since the mid- 1990s this question features prominently in the implementation of “catching- up strategies.” If productivity and WLB are in direct conflict, employees may be asked to make sacrifices of the quality of their work- life balance. On the other hand, if favorable work- life balance is not in the way of high productivity growth or is even productivity- enhancing, the European social model may have a brighter future.

Recent policy debates have focused on issues surrounding or directly addressing issues of WLB. For example, the European Working Time Directive has been under intense scrutiny recently, with several governments in Continental Europe challenging workers’ right to opt- out of the maximum ceiling of forty- eight hours a week. At the same time, the European Services Directive (designed to liberalize the movement of service workers between countries) has been interpreted as intensifying foreign competition, which may exert a heavy toll on the work- life balance of workers.
Objectives of the study:
• To analyze how far the employees of Safexpress Pvt. Ltd are able to maintain balance between their work life and personal life.
• To analyze factors contributing to work life balance of employees.
• To study the factors which hinders work life balance and creates imbalances and thereby increase the employee retention.
• To suggest measures that should be concentrated to improve work life balance to increase the employee productivity.

Number of Pages of Project Report: 76
Package Includes: Project Report
Project Format: Document (.doc)

Table of Contents of Project Report:
ACKNOWLEDGEMENT
EXECUTIVE SUMMARY
TABLE OF CONTENTS
CHAPTER 1: BACKGROUND
1.1 INTRODUCTION
1.2 REVIEW OF LITERATURE
1.3 COMPANY PROFILE
2.1 OBJECTIVES OF THE STUDY
2.2 SCOPE OF THE STUDY
2.3 NEED OF THE STUDY
2.4 LIMITATIONS OF THE STUDY
2.5 RESEARCH METHODOLOGY
CHAPTER 3: DATA ANALYSIS AND INTERPRETATION
FINDINGS OF THE STUDY
CHAPTER 4: SUGGESTION AND RECOMMENDATION
CONCLUSION
ANNEXURE 1: QUESTIONNAIRE
ANNEXURE II: BIBLIOGRAPHY


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