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Hr Summit Work Life Balance Bfsi 29th Aug09
- 1. Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
- 2. Work Life Balance – BFSI Conceptualized & Presented by: Prashant Kumar, Smita Nahata, U. Sridevi (PGDM Executive 09-10) Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
- 3. Work, Home and Life Work Home Life Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
- 4. Work, Home and Life Work (Ambitions, promotions, career growth etc.) Home (Family, social responsibilities etc.) Life Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
- 5. Work, Home and Life Work (Ambitions, promotions, career growth etc.) Home (Family, social pressure etc.) Life Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
- 6. When It Emerged Pre 1980s Post 1980s Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
- 7. BFSI industry Banking, Financial Services & Insurance • Banks: Huge customer demands as a part of service sector • Financial Services & Insurance: Tough sales targets, tremendous pressure for meeting deadlines Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
- 8. Influencers of work life balance Individual Organizational Family demands Work culture Social commitments Supervisor support Commuting problems Team behavior Excess work load HR policies (leaves, medical facilities etc.) Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
- 9. Questionnaire Sl. No. Question On a scale of 1 to 5, where would you put yourself in terms of maintaining a work 1 life balance? 2 Which of the following describes you? Single, Married, Married with dependents 3On an average how many hours per day do you spend at work? 4Do you find enough leisure time for yourself? 5Do you think BFSI sector in particular has a poor work life balance? 6Do you sleep enough, exercise, and eat food on time? 7Do you spend as much time as you like with your loved ones? Which of the following individual/organisational level factors hinder the most in 8 your work life balance? Individual: 1. Family demands, 2. Social Organisational: 1. Work culture, 2. commitments, 3. Commuting problems, Supervisor support, 3. Team behaviour, 4. Excess work demand 4. HR policies (leaves, medical) 9Are you happy? Do you think your organisation is providing enough support for you to balance 10 your work life? (eg. Flexible time, spouse & kid facilities) Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
- 10. Questionnaire results • Out of 15 respondents, 7 rated work life balance at 3, 6 rated work life balance at 2. • Respondents : Single (7), Married (5), Married with dependents (3) • Average work hours: 11 • Find leisure time: Only 5 • Work life balance difficult in BFSI sector: 10 Yes • Enough sleep, exercise, food on time: Only 4 • Spend enough time with loved ones: 9 • Difficult work life balance due to Excess Work load: 8, Due to work culture: 10 • Happy? More than half • Enough support from organization for proper work life balance: 50% Yes Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
- 11. Balancing work & home to live life • Manage time at work well • Identify bottlenecks in work. • Effective planning • Practice saying ‘No’ • Develop positivity • Art of Prioritizing family/personal interests • Develop strong family bonds – dining together on every weekend, mandatory holiday every year Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
- 12. Destroyers of work life balance • Unexpected stringent deadlines • Inefficient team • Workaholic superiors • Overambitious personality • Employee-unfriendly organization practices • Family/organization crisis Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
- 13. What can organization DO ??? • Employee-friendly HR policies – availing leaves mandatory • Setting realistic targets & promoting work culture to attain WLB • Extra Facilities – medical facilities, flexible timing, child-care facility • Training employees to counteract stress, work-life conflicts, work force diversity Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009
- 14. Thank You Questions? Colloquium – National HR Summit at IMT, Ghaziabad, 29th August 2009