Main Benefits

Work-life balance can benefit a company as much as its employees.

Here are some ways in which a satisfied workforce can help its employer.

reduced turnover

Turnover refers to the rate at which employees leave and are replaced at a company.

When employees are happy at work, they are unlikely to leave, so turnover will be low.

The higher the company's turnover rate, the more new employees it will need to train, which can be expensive and time consuming.

word-of-mouth referrals

Employees who like where they work are likely to refer people to open positions within their company.

Word-of-mouth referrals can lower the costs spent on recruitment agencies to hire employees.

Reduced Stress and Absences

When employees have been overworked, they often become stressed.

Over time, stress can cause employees to burn out or get sick, which decreases productivity.

By supporting work-life balance, a company can reduce stress and absences due to illness or fatigue.

Positive Brand Reputation

People want to work for companies that treat them well.

A business that has a reputation for work-life balance will likely be attractive to top talent.

But a business that is known for having a poor work culture could have trouble hiring talented employees.

An investment in employees' well-being is an investment in a company's future.

Focusing on work-life balance can reduce a company's costs, improve its reputation, and increase its productivity.

Questions

An employee who enjoys where they work is likely to...

> refer people to vacant positions

if employees are happy at their job, the turnover rate...

>will be low

What can be reduced by word-of-mouth referrals?

>hiring cost

A low turnover reduces the resources a company spends on training employees.

What can happen if an employee has been stressed for a long period of time?

> they may get sick

What's kind of business will likely be attractive to talented employees?

> a business with a repuateion for work-life balance

Employees are likely to burn out when they have been working for too long.