Take Survey
MEDIA, JOBS & RESOURCES for the COMMON GOOD
NEWS  |  Careers, General, Research

Work-Life Balance a Win-Win for Business and Employees


Monday, 4th January 2016 at 10:26 am
Xavier Smerdon, Journalist
A new report by the Center for American Progress has shown that the adoption of work-life balance policies could be a win-win for both employer profits and employees’ economic stability.

Monday, 4th January 2016
at 10:26 am
Xavier Smerdon, Journalist


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Work-Life Balance a Win-Win for Business and Employees
Monday, 4th January 2016 at 10:26 am

A new report by the Center for American Progress has shown that the adoption of work-life balance policies could be a win-win for both employer profits and employees’ economic stability.

Specifically, the report provided empirical evidence making the case that the adoption of work-life balance practices could help boost employers’ performance, including profitability.

“Our research shows that many firms… would be well served by introducing better work-life practices for their workers,” Professor of economics at Stanford University and co-author of the report, Nicholas Bloom, said.

“Adoption of work-life practices could improve profitability and productivity for employers and also provide better work-life balance options for their employees.”

To investigate the relationship between work-life balance practices and businesses’ bottom lines, the report used international survey data to analyse work-life balance practices, management practices, and performance among a random sample of firms.

The survey found strong evidence that companies that offered a wider range of work-life balance practices typically achieved higher levels of sales relative to other businesses.

Additionally, the analysis found that there was a strong relationship between a business's adoption of pro-employee work-life balances practices, firm sales, and their adoption of modern management practices.

The report suggested that the continued exposure of companies to product market competition; ongoing employee education and training; and exposure to the business practices of multinational companies could be effective in increasing the number of organisations with work-life balance practices.

The report also calls for better information – including both high-quality businesses and academic research – to help companies accelerating widespread adoption of work-life balance policies.

The full report can be read here.


Xavier Smerdon  |  Journalist  |  @XavierSmerdon

Xavier Smerdon is a journalist specialising in the Not for Profit sector. He writes breaking and investigative news articles.


Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers?

Get in touch at news@probonoaustralia.com.au

 Print

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Write a Reply or Comment

Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

Helping Australia’s Lonely People

Luke Michael

Thursday, 15th November 2018 at 8:41 am

My Health Record Opt-out Hard For People With Disability

Maggie Coggan

Thursday, 15th November 2018 at 8:35 am

Concerns Over Restructure to Social Policy

Maggie Coggan

Wednesday, 14th November 2018 at 5:41 pm

Why do People Really Become Homeless?

Contributor

Wednesday, 14th November 2018 at 5:36 pm

POPULAR

Report Uncovers Shocking Abuse and Neglect of Adults With Disability

Luke Michael

Monday, 5th November 2018 at 5:29 pm

White Ribbon CEO Puts Hasty Departure Down to Culture Clash

Maggie Coggan

Monday, 12th November 2018 at 5:49 pm

Google Awards Millions to Groups Harnessing Technology For Change

Maggie Coggan

Friday, 2nd November 2018 at 5:50 pm

Government Backtracks on Cuts to Food Relief Charity

Maggie Coggan

Monday, 12th November 2018 at 5:42 pm

Take Survey
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!