Psychology Presentation

Rajal Singhal B002Harsh Loonia B020Akriti Shah B024

Saachi Singla B050Saloni Doshi B057Stuti Kathuria B062

What is work-life balance? • Work-life balance is a concept

including proper prioritizing between “work” and “lifestyle”.

• Being aware of different demands on time and energy and being able to allocate them judiciously.

• Myth - Work life balance means spending 50% of your time at work and 50% of your time at home.

• Reality - Work life balance occurs when individuals possess mental, physical and emotional resources and allocate those resources in a way that leads to fulfillment of their professional and personal goals.

Meaning

• Achievement

- Conquering or winning something

- An accomplishment

• Fulfillment

- Fulfilling pride - Sense of satisfaction

- Happiness

- All joys of living

Why is work-life balance important?

• Our lives are busy and we get onto the 'treadmill of life'.

• Something that you VALUE is not in alignment with your current REALITY.

• Recent search says that more than 55% respondents are not able to find a WLB.

• More stress and lack of concentration in work

Reasons for imbalance

• Competition

• Individual Career Ambitions

• Global Economy

• Longer working hours

• Attention demanded by the family

DisadvantagesIndividual Level = Low

Happiness

• Neglect family – elderly and the children• General dissatisfaction: with the job,

family• Decreased self-esteem, creativity and

personal balance• Stress • Increased expectations

Disadvantages Company level = Low

Competitiveness

• Low productivity • Negative image • Increased absenteeism• Decrease in employee commitment • Talent drain • Negative atmosphere in the

company

Solutions – Individual Level• Set goals around what you value highly• Drop activities that sap your time or

energy.• Maintain a healthy lifestyle• Team Building Activities• Take a Vacation

Solution – Management level

• On the job training • Make work more flexible • Leadership • Flexible working hours for the employees.• Working at home

Healthy work-life balance leads to :

EMPLOYEES

• Feel more rested and energized

• Fulfillment from work

• Stress reduction• Better physical and

mental health

COMPANY

• High productivity• Getting and

keeping the right staff

• Healthy and interactive environment

The wheel of life

• The concept was originally created by Paul J. Meyer, founder of Success Motivation® Institute.

• A tool by which you and I can ascertain our priorities, needs and how balanced our life really is.

• The Wheel of Life is powerful - vivid visual representation of the way your life is currently, compared with the way you'd ideally like it to be.

• It is called the "Wheel of Life" because each area of your life is mapped on a circle, like the spoke of a wheel.

Regus Survery

• Reveals – Gen X and Gen Y are better in maintaining WLB than Baby Boomers.

• Survey Sample - 26,000 professionals from 90 countries

• Indians are happiest at work, followed by Mexico

Source: Times Of India

August 24, 2013

traditional v modern work/life patterns  

Traditional work/life pattern New work/life pattern

1. Work for an employer - live for the weekends and holidays - worry a lot and be generally unable to control your own destiny.

1. As soon as possible, work for yourself or for decent employer(s), doing various things you love - (tip - you might need to re-discover what you really love).

2. Maybe start your own business still doing something you don't enjoy and continue to worry and work slavishly.

2. Progressively ease off working to spend more time learning and enjoying new things - some of which will become new work.

3. Retire on a reasonable pension at 60 or 65, or 55 if you are lucky - continue to worry, and now add feelings of regret and maybe even bitterness.

3. Don't worry about retirement because it can actually kill you (the worry and the retirement), and the pension system is shot to pieces anyway - try to save, but most importantly stay happy and productive.

4. Rapidly decline due to lack of stimulus and die quite soon.

4. Keep learning and developing and doing new things - eat well, keep fit, and be good to people.

5. What was the point of it all?... 5. Live long and happy - still working a little and always learning and enjoying new things.

Morgan and Stanley Case Study

The Challenge

• Provide the best possible environment for it’s employees

The Response

• Developed Balance-works

Balance-work initiative at Morgan Stanley

• Monthly work-life seminars

• On-site fitness centre

• On-site cafeterias

• Occupational health services

• FLEXOPT policy – flexible working arrangements

Famous Personalities

Countries

SURVEYon teachers

THANK YOU

“ Life is like riding a bicycle. To keep your balance you must

keep moving.”

- Albert Einstien