Research Findings HRANS-PEI Luncheon Presentation November 18,2010 ©2010 HR Associates Inc - All rights reserved. Introductions: Before beginning your meal, take a moment Each person at the table should select an item from the bag/box at the centre of the table Share with your tablemates how the item relates to work-life balance ©2010 HR Associates Inc - All rights reserved. Work & Eat At your table setting is an article from the Globe & Mail’s recent series on Work Life Balance. While you enjoy your meal, please take a moment to review the article and discuss with your table mates: What was interesting to you? Did it surprise you? Why?/Why not? Other tables will have different articles, what one or two points can your group agree are points that need to be shared and discussed further. ©2010 HR Associates Inc - All rights reserved. What is Work Life Balance? ©2010 HR Associates Inc - All rights reserved. What is Work Life Balance? Arising from job satisfaction research The appropriate weighting of both intrinsic (work characteristics) and extrinsic (social and cultural norms) factors to maximize job satisfaction (Farnaz Namin-Hedayati Ph.D) The proper prioritizing between work/ career/ ambition and life/ pleasure/ leisure/ family/ spiritual development (Netemeyer et al. ) ©2010 HR Associates Inc - All rights reserved. Work Life Balance is NOT… … Life Balance: The combination of factors necessary for any individual to determine that their life is balanced is difficult to generalize. … An equal balance in units of time between work and other life activities or endeavours. ©2010 HR Associates Inc - All rights reserved. ©2010 HR Associates Inc - All rights reserved. The Short Answer… Work-life balance policies do have an impact on organizational commitment Existence v. Execution Application to bargained programs ©2010 HR Associates Inc - All rights reserved. Effects: Profitability & Productivity A significant positive relationship between the number of work-life balance practices offered and firm profitability as a measure of productivity This relationship was stronger in firms employing high numbers of women. A study of 732 medium-sized firms in the US, UK, France and Germany showed that those with better management practices had more work-life balance practices and this was associated with higher productivity. ©2010 HR Associates Inc - All rights reserved. Productivity? In a longitudinal investigation of Canadian employees, greater use of work-life balance practices was a predictor of higher wages and an increased number of promotions over time* * after the effects of control variables had been accounted for. ©2010 HR Associates Inc - All rights reserved. Effects: Recruitment & Retention Professionals are looking at WLB policies was a top consideration in choosing their firm Flextime provided a significant saving ($180,000) in turnover costs A longitudinal investigation of Canadian employees demonstrated that greater use of work-life balance practices was related to decreased turnover intentions over time. ©2010 HR Associates Inc - All rights reserved. Practice: Flex Time A positive or very positive impact on quality of work; productivity; and retention. Flextime has been found to result in improvements in the actual productivity and performance of individual employees; Improved individual productivity, but not to self-rated performance; and better team performance. ©2010 HR Associates Inc - All rights reserved. Flex time & People Among professionals, workplace flexibility ranks as the most important retention tool ahead of salaries or stock options. Satisfaction with the flexibility of job scheduling was associated with lower turnover among parents. Access to flexible scheduling practices was predictive of lower turnover intentions more for men than for women One study indicated that there is a wage premium of 6%-11% for work-life balance practices such as flextime or being able to work from a flexible location (stronger for women than men). ©2010 HR Associates Inc - All rights reserved. Practice: Compressed Work Weeks No effect on absenteeism or on objective indicators of productivity; Supervisor’s subjective ratings of employee performance were higher for employees on compressed work week schedules. There may be a temporal factor: in one study performance increased in the first year after a compressed work week schedule was introduced, the effect disappeared after two years had passed. ©2010 HR Associates Inc - All rights reserved. Practice: Part-time/Reduced Load Supervisors of reduced load employees (managerial and professional) believed that offering this option had enhanced recruitment and retention, particularly in regard to preventing the departure of mothers after childbirth. ©2010 HR Associates Inc - All rights reserved. Practice: Flexplace/Telecommuting Two-thirds of companies believe telecommuting has led to greater productivity, lower costs and better recruiting and retention. 60% reported cost savings Nearly 40% of companies believe they have access to more qualified staff as a result of their telework program 37% said telecommuting helped improve employee retention ©2010 HR Associates Inc - All rights reserved. Flex place & retention The ability to telework on a flexible schedule was considered an important aspect for employees considering choosing a new employer. Retention is higher when mothers are allowed to work at home after childbirth. One study found that the non-teleworking coworkers of employees who frequently telecommuted, were highly dissatisfied with their telecommuting colleagues and reported higher intentions of leaving their organizations as a result. ©2010 HR Associates Inc - All rights reserved. Practice: Child Care Positive impacts on recruitment and retention More recommendations by employees to others, resulting in a recruitment advantage Reduced turnover A positive impact on beliefs about productivity (not related to managers’ assessments of users’ productivity) Although use of on-site child care was related to ability to work overtime, it did not result in improved productivity. ©2010 HR Associates Inc - All rights reserved. Upshot Results of work life policies vary widely suggesting A single policy, in the absence of other supporting policies and organizational values, is unlikely to result in significant or sustainable improvement of any business metric The execution of the policy is key to its success The greater control the organization can provide to employees with respect to how they get their work done, the greater the impact of the policies Equities between those who are able to access WLB practices and those who do not need to be carefully considered ©2010 HR Associates Inc - All rights reserved. Whose life is it anyway? ©2010 HR Associates Inc - All rights reserved. More Research Please Work Life Balance has an impact on more than just Being an employer of choice Productivity Recruitment and retention It is a key element to a psychologically healthy workplace which in turn effects all of the above plus attendance, health and benefits claims, LTD ©2010 HR Associates Inc - All rights reserved. Survey For those who have yet to complete the survey, please go to http://www.surveymonkey.com/s/JCPJLMQ Or complete a hard copy of the survey available at the registration desk and leave for Constance to input. ©2010 HR Associates Inc - All rights reserved. Word from the Weiss (Alan Weiss) Balancing Act © Talent fulfillment Object of interest Time control: Passion: http://www.summitconsulting.com/balancing-act/may-2002.php ©2010 HR Associates Inc - All rights reserved. Word from the Weiss (Alan Weiss) Balancing Act © … if you are challenged, sought by others, controlling your time, and passionate about people and pursuits, I would suggest, upon examination, you lead a life highly worth living. http://www.summitconsulting.com/balancing-act/may-2002.php ©2010 HR Associates Inc - All rights reserved. Additional Sources http://www.caall-acalo.org/docs/Cost Benefit%20Review.pdf http://www.worklifecanada.ca/page.php http://www.uoguelph.ca/cfww/stress/ http://www.guardingmindsatwork.ca/info/index http://www.theglobeandmail.com/news/national/time-tolead/work-lifebalance/?utm_campaign=Big%208&utm_medium=Search %20Engine%3A%20Paid&utm_source=Google&utm_conte nt=Big%208%20Work%20Life%20Balance&utm_keyword= life%20and%20work%20balance&gclid=CPzT0cHGmaUCF eMD3AodSWCzNg ©2010 HR Associates Inc - All rights reserved.