Review of Literature on Work Life Balance Policies and Practices

Work Life Balance is incredibly important emerging issue among employees and employers life. From decades an individual is making an effort to bring equilibrium between his personal and professional life. At every stage organization plays a dynamic role to provide them all the necessary support by implementing innovative policies and programs which leads them towards healthy life. From years many researchers had attempt to explore the factors and impact of work life balance policies on employees and employers. This paper is an endeavor to reveal the importance of work-life balance policies and practices for an employee and employer. The study is based on review of various related literature and articles, both from Indian and foreign country perspectives. The literatures had been review to know what methodology been implemented, objectives and possible outcomes of the research. Work-life Balance policies and practices are beneficial to an organization as it reduce absenteeism rate, saving of recruitment and retention cost of an employee as well as reduction in work-life conflict and life-work conflict. In a country like India, were female workforce is growing drastically in every sectors; these policies are a motivational approach for them to take more paid works. Not only female workforce, but it‘s equally beneficial to male employees also, as they too are struggling to manage their office and home work efficiently.