Impact of Work�Life Balance Practices on Employees Retention and Organizational Performance � A Study on IT Industry

Preeti Garg; Dr Neha Yajurvedi

Volume : VI, Issue : VIII, August - 2016

Impact of Work�Life Balance Practices on Employees Retention and Organizational Performance � A Study on IT Industry

Preeti Garg, Dr Neha Yajurvedi

Abstract :

Work life balance is an important concept. Every person wants to maintain equiliium between their work and family life so that they can lead a balanced life. This is the reason that employees now prefer companies that offer exclusive and attractive work life balance policies. Therefore many organizations adopted Work–Life Balance practices in order to attract better applicants and reduce work–life conflict among existing employees in order to enhance organizational performance. This paper studies the impact of Work–Life Balance practices on employee retention and how they enhance organizational performance. The findings show that a Work–Life Balance it is not a quandary to be determined once but a constant concern to be managed. For organization goals to be achieved through the people employed, Work–Life Balance concerns must become a crucial feature of human resource policy and strategy. We suggest organizations need to improve their practices in order to improve organizational performance, including enhanced social exchange processes, increased cost savings, improved productivity and reduced turnover. The sample selection was done by convenience sampling method. The study was conducted in Noida region with a sample of 200 employees taken from IT Industry. The data was collected with the help of a structured questionnaire. The study has revealed that the work–life balance practices have direct influence on employee’s retention and it also enhances organizational performance.