Can The Cost of Work-Life-Balance Be Measured?
Estimated reading time: 2 minutes
The pace of work today has resulted in the need for a balanced approach to making a living.
All of us who work outside the home understand the conflicting pressures of getting it all done – at work and home.
Often these pressures come to work with us, creating a tension between a focus on the job and worry about other responsibilities.
Organizations that help employees with balancing their home life with their work life enjoy the benefit of employees who are more engaged at work.
And employees who are more engaged on the job are more successful at accomplishing goals and helping the organization achieve corporate objectives.
Early in my career, I worked for a healthcare system that did a good job of sharing the true cost of employee benefits.
Once a year, we would get a report showing how much was spent on salary, insurance, social security tax, etc.
I was always surprised to see the real cost of these benefits and the total dollar value of my benefits package.
Today, many businesses offer additional benefits that help with work-life balance.
Many employees enjoy benefits such as telecommuting, four-day workweek, life coaching, onsite daycare, gym memberships, budgeting assistance, and financial planning – just to name a few.
But do employees understand that there is a real cost to these benefits?
Some innovative companies have figured out the importance of quantifying those benefits and educating employees on the real dollar value of having access to the resources and tools that have been made available to them.
Watch this short video and see how Prudential Financial is helping employees understand the value of their work-life benefits.
Employees who are fortunate enough to enjoy benefits that help them not only on the job but in their personal lives should be grateful for the investment these organizations make into their personal well being.
And one way is to make them aware of the true cost of those benefits!
Does your organization quantify work-life initiatives?
