Discuss the below:
Text: Milkovich, G. T., Newman, J. M., Gerhart, B., & Martocchio, J. J. (2011). Compensation and benefits(custom text). New York, NY: McGraw-Hill Irwin.
Work-Life Benefits
Work-life benefits, or lifestyle benefits, are designed to suit the diverse needs of the workforce and to bridge the gap between the workplace and the home. They are intended to help balance an employees' busy schedule and alleviate the potential conflicts often felt between the demands on the individual's personal and professional life. Along with these individual perks, work-life benefits have produced many positive outcomes at the organizational level. For example, they have been cited as a method to increase an organization's bottom line, recruitment processes, and productivity. They have also been noted as a means to reduce absenteeism, job turnover, and workplace stress.
The WorldatWork Association places work-life benefits into seven categories: workplace flexibility, options for use of time off, health and wellness support, community involvement, care for dependents, financial support, and culture change initiatives. As you'll examine, these categories of work-life benefits share one common goal: alleviate employee stress caused by the competing demands of personal and professional life.
Continue to analyze work-life benefits offered by organizations.
Examine the following articles:
• "Innovations in Workplace Wellness"
• "Can the Work-Life Movement Regain its Balance?"
• "Rethinking Retention Strategies"
• "Where is Everyone?"
Examine the significance that society places on work-life benefits and total rewards. Then, conduct additional research in the Walden Library to identify specific forms of work-life benefits offered by organizations.
A cohesive and scholarly response based on your readings and research this week that addresses the following:
• Analyze work-life benefits offered by organizations.
o Describe the impact of work-life benefits on employees.
How can work-life benefits contribute to employee health, well-being, and job satisfaction?
To what extent might these variables contribute to an organization's overall success?
o How do, and why should, work-life benefits enable organizations to better align total rewards with strategic goals?
Support your response with an example or a summary of relevant research.
o Identify the top two work-life benefits that should be included in an organizations' total rewards package.
Why are these two benefits more applicable to today's employee than some of the other available options?
• Can you foresee any disadvantages to your selected benefits? Justify your reasoning by citing examples from your research.
As an employee, what work-life benefit would be most important to you? How might this work-life benefit positively impact both your professional and personal life?