Trends and strategic approach to establishing work/life balance of managers and other employees

Abstract

The purpose of the paper is presenting the most noticeable trends in establishing work/life balance of managers and other employees worldwide. Due to global changes, establishing work/life balance of employees is considered a strategic topic for human resource management (HRM). The research was conducted through a thorough analysis of various theoretical and empirical studies from the previous period, both domestically and abroad, with the aim of determining the extent to which companies have integrated employees' work/life balance programs into their HRM strategy and daily operations. Introducing training and the use of employees' work/life balance benefits leads to reduced stress and increased productivity, commitment and employee satisfaction. Consequently, this leads to improved company performance-reduced absenteeism and leaving of the company, lower recruiting and training costs, attracting and retaining top quality employees, as well as better company image. This way, employees' work/life balance programs provide benefits for both the employees and the company.