HRM: Improving Work/Life with Benefits Programs
Work/Life Program Features | Effects on Organizations | Effects on Employees |
---|---|---|
Offering Flexible Hours | Increase in Employee Retention | Better Personal and Professional life balance |
On-site wellness programs | Increased Productivity | Improved Health |
Aerobics and Yoga Classes | Increased Employee Satisfaction | Increased physical fitness and well-being |
Educational Advancement Opportunities | Long term employee commitment | Enhanced Skills |
Cendant Mobility Service Corp example | Dramatic reduction in employee turnover | Decreased sick and personal time use |
Increased Motivation via Programs | Improved productivity | Increased levels of job satisfaction |
Flexible benefits programs | Attract and retain talented individuals | Improved Morale |
Company sponsored activities (e.g., garden at Cendant Mobility) | Employee loyalty and sense of community | Reduced stress and increased opportunities for socializing |
Employee wellness initiatives | Reduced healthcare costs | Increased health awareness and adoption of healthier lifestyles |
Investment in Employee well-being | Increased Business success | Increased Job satisfaction and loyalty |
Work/Life Programs are becoming increasingly popular as organizations recognize the importance of offering flexible hours and benefits to their employees. These programs are designed to help employees achieve a better balance between their personal and professional lives and can include a variety of offerings such as on-site wellness programs, aerobics and yoga classes, and educational advancement opportunities.
Cendant Mobility Services Corp., in Danbury, Connecticut, is an example of an organization that has successfully implemented a work/life program, which has been credited with a dramatic reduction in turnover and personal and sick time use. The benefits of work/life programs are numerous and can lead to increased employee satisfaction, improved morale, and increased productivity.
Introduction
Benefits Programs Overview
Cendant Mobility Services Corp. as an Example
Benefits of Work/Life Programs
Conclusion
Introduction: Work/Life Programs are becoming increasingly popular as organizations now recognize the importance of offering employees flexible hours and more benefits. These programs, often called "work/life balance programs," are designed to help employees achieve a better balance between their personal and professional lives. Organizations can point to reduced turnover, increased motivation, and improved productivity by offering such programs.
This paper will provide an overview of work/life programs, discuss the benefits of such programs, and present Cendant Mobility Services Corp. as an example of an organization that has successfully implemented a work/life program.
Benefits Programs Overview
Work/Life Programs are designed to meet the needs of both employers and employees. These programs can include a variety of offerings, such as on-site wellness programs, aerobics and yoga classes, and educational advancement opportunities. By providing employees with these types of benefits, organizations can attract and retain talented individuals while simultaneously helping employees manage their personal and professional lives better.
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Cendant Mobility Services Corp. as an Example
Cendant Mobility Services Corp., in Danbury, Connecticut, is one organization that has successfully implemented a work/life program. This program has been credited with a dramatic reduction in turnover, plummeting from more than 25 percent in 1999 to 9.9 percent in 2002. In addition, personal and sick time use decreased by more than 70 percent among program participants. Among its most popular offerings is an employee garden at company headquarters; the park is in such great demand that Cendant must hold a lottery for available planting space.
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Benefits of Work/Life Programs
The benefits of work/life programs are numerous. Such programs can increase employee satisfaction, morale, and productivity for organizations. For employees, work/life programs provide them with the opportunity to manage their personal and professional lives better while providing them with various benefits, such as on-site wellness programs, educational advancement opportunities, and more.
Conclusion: Work/Life Programs are becoming increasingly popular as organizations recognize the importance of offering employees flexible hours and more benefits. Organizations that offer such programs can point to reduced turnover, increased motivation, and improved productivity.
Cendant Mobility Services Corp., in Danbury, Connecticut, is an example of an organization that has successfully implemented a work/life program, which has been credited with a dramatic reduction in turnover and personal and sick time use. The benefits of work/life programs are numerous and can lead to increased employee satisfaction, improved morale, and increased productivity.
Investing in the well-being of employees through benefits programs is an investment in the business's success.
Yu Payne is an American professional who believes in personal growth. After studying The Art & Science of Transformational from Erickson College, she continuously seeks out new trainings to improve herself. She has been producing content for the IIENSTITU Blog since 2021. Her work has been featured on various platforms, including but not limited to: ThriveGlobal, TinyBuddha, and Addicted2Success. Yu aspires to help others reach their full potential and live their best lives.