work-life balance

Examples of work-life balance in the following topics:

• Childcare

  • HR professionals can create work-life balance systems for individual employees at a firm to improve their quality of work-life.
  • For this, REI receives a number nine ranking on Fortune's list of Best Companies to Work For in the area of work-life balance.
  • For example, a single parent has a different work-life balance need than someone without children.
  • In other words, as HR professionals, we can create work-life balance systems, but we should also look at individual approaches.
  • For this, REI receives a number nine ranking on Fortune's list in the area of work-life balance.

• Detriments of benefits

  • By attracting employees who desire a strong work/life balance, the SAS Institute has the potential to create an overly homogenous culture.
  • Benefits at SAS include: private offices for all employees; contributions of 15 per cent into employee profit sharing plans; 200 acre natural campus setting with on-site hiking trails and picnic areas, sculptures, and artwork; the latest technology and equipment; 35 hour work week; on-site medical facility (including nurses, doctors, a physical therapist, massage therapist, and mental health practitioner), five minute waiting time for appointments, and free healthcare for employees and their families; health plans that cover most basic needs and offer "cost accountable" services for services that are more extensive; on-site Montessori daycare at 33 per cent of the cost of normal daycare; on-site private junior and senior high schools, open to students from outside of SAS, with high tech laboratories and equipment; free on-site gym for employees and families with a pool, exercise classes, yoga, weight room, etc.; cafeteria with high quality food at low prices, live piano music, and the option of dining with your children if they attend the on-site schools; subsidized memberships offered for health clubs and daycare off property; company owned country club memberships at significantly low costs for employees and their families; and more.
  • SAS is a unique example of a company that hires employees who desire a strong work/life balance.

• Flextime

  • Under flextime, workers are allowed to determine their work schedule instead of working during the standard hours of 9 a.m. to 5 p.m.
  • Flextime works well for parents when both parents work.
  • Her husband may go to work later, to see the children off to school, and thus stay at work later.
  • Flexitime is a variable work schedule, in contrast to traditional work arrangements requiring employees to work a standard 9 a.m. to 5 p.m. day.
  • The advantages of flexitime for the individual include: better work-life balance, less commute, less fatigue, more days off, and lower sickness.

• Attrition

• Working from Home

  • Telecommuting refers to a work arrangement in which employees enjoy flexibility in work location and hours.
  • Many telecommuters work from home, while others, who are occasionally referred to as "nomad workers" or "web commuters", work from coffee shops or other locations.
  • For individuals, telecommuting improves work-life balance.
  • Working from home can free up the equivalent of 15 to 25 workdays a year from time that would have otherwise been spent commuting, and save between $4,000 and $21,000 per year in travel and work-related costs.
  • Work-from-home flexibility is a desirable asset for employees.

• The Accounting Cycle

  • A particular working document called an unadjusted Trial balance is created.
  • This lists all the balances from all the accounts in the Ledger.
  • Notice that the values are not posted to the trial balance, they are merely copied.
  • These values are then passed through the accounting system resulting in an adjusted Trial balance.
  • Financial statements are drawn from the trial balance which may include: the Income statement, the Balance sheet, and the Cash flow statement.

• Ledgers

  • A General Ledger is a perpetual record of the activity and balances of the accounts.
  • Suppose we have a balance (i.e. total) amount of USD 3,250 in our accounts receivable account in the General Ledger.
  • The sum of the customer balances in the Accounts Receivable Subsidiary Ledger must equal the Accounts Receivable balance in the company's General Ledger.
  • In real life, of course, things can get more complicated, but this is the basic approach that is followed.
  • With detailed financial reporting, you can analyze what is and isn't working for your business.

• Corporate Social Responsibility and sustainable development defined

  • A broader concept is that CSR involves the commitment on the part of the company to adopt behavior that will result in the improvement of the quality of life of its stakeholders while contributing to the economic development of its business.
  • The World Business Council for Sustainable Development defines CSR as "the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large" (wbcsd.org).
  • Stockholder wealth maximization commands that corporate management should aggressively seek to maximize stockholder returns by working to increase share prices and to continually grow the dividends paid to shareholders (Czinkota, 2005).
  • Corporate wealth maximization suggests that companies consider and balance short-term goals against long-term societal goals of continued employment, community citizenship and public welfare needs (Czinkota, 2005).
  • The successful multinational enterprises of the coming century will be those that find the unique balance between financial objectives and CSR.

• Personal Financial Management

  • It addresses the ways in which individuals or families obtain, budget, save, and spend monetary resources over time, taking into account various financial risks and future life events.
  • When planning personal finances there are many financial products one might consider: such as banking products (checking, savings accounts, credit cards, and consumer loans), investment products (stock market, bonds, and mutual funds), and insurance products (life insurance, health insurance, and disability insurance).
  • If you pay off a debt, such as the outstanding balance on a credit card, or if you make that last loan payment on your car, put that money to work as part of your savings.

• It's not just big business

  • For example, an organization called Small Business California worked to support the state's Global Warming Solutions Act (AB 32), the passing of which imposes tough legislation to tackle global warming.
  • The idea behind AB 32 is simple: to balance the reduction of hazardous emissions with incentives for improvement.
  • The program works like an interest-free loan: businesses are encouraged to exchange the profits they normally lose through wasted energy for energy-saving solutions (e.g. increased insulation, more efficient machinery, etc.) that quickly pay for themselves.