In one of our previous articles, we touched upon a potential disadvantage of technology’s growing impact on flexible working; that being connected 24/7 encouraged instant access to work duties, even during hours the employee does not normally work. Whilst working during unorthodox hours, often in last minute situations, can indeed help team members in a crisis or smooth out overall workloads, businesses in the new world of work must acknowledge the long-term damage this has on work-life balance.
For team leaders to manage a productive, healthy and happy team, the importance of work-life balance has to be recognised. So what are the real long-term advantages of having well-defined work-life distinctions?
Happiness & Health Result in Productivity
The detrimental impacts of stress on health are no secret. A study conducted by UCL found that white-collar workers who worked three or more hours longer than required had a 60% higher risk of heart-related problems than those who didn’t work overtime.
Those who are able to maintain their physical and mental wellbeing are found to be more engaged at work. They have more energy to meet deadlines, can concentrate better to avoid mistakes, and will not resent the company for denying them needed relaxation. It is this resentment that can make long-term damages to an enterprise…
Attract and Retain Talent
A major aspect to employer branding is how a business takes care of its employees. Businesses that gain a reputation for encouraging work-life balance have become attractive prospects for millennials. Not only will a culture that promotes healthy work-life balances be reflected through word-of-mouth, but also through platforms such as Glassdoor.
From an economic point of view, it is also in the employer’s best interests to keep employees healthy. Prioritising a staff member’s wellbeing means that less money will be spent on sick leave, and on more serious occasions, avoid hiring temporary cover. For those who work in companies with unhealthy work-life distinctions, the concept of changing jobs becomes more ideal. The Oxford Economic suggests, “Replacing an employee costs on average around £30,000 and it takes up to 28 weeks to get them up to speed.”