Good work-life balance policies and practice
are good for business, and some benefits can be directly measured
financially. These include:
The business benefits
- Increased productivity
- The DTI study 2003 revealed that 49% of companies saw a
positive increase in productivity.
- Improved recruitment and retention:
- BT saved £3m in recruitment costs in the year to March
2003, since 98% of women returned after maternity leave. More…
- Lower rates of absenteeism:
- The London Borough of Camden experienced a 2.5% reduction
in the cost of sickness absence in the first year it introduced
a work-life balance strategy. More…
- Reduced overheads:
- BT saved £52m in overheads in the year to March 2003
by increasing its number of home workers; this also means an
annual saving of £10m in fuel costs. More…
- An improved customer experience
- A more motivated, satisfied and equitable
workforce.
- The DTI found that over 94% of employers agreed that people
work best when they can achieve a work-life balance.
See here for the references we have used.
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