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Investing Time and Resources for Work-Life Balance: The Effect on Talent Retention.

ABSTRACT: The study of work-life balance has undergone significant development in recent years as a result of changes in society and the growing importance of human resources (HR) for companies. Taking into account that human capital represents a critical success factor for businesses, the current context requires the development and implementation of HR management strategies aimed at attracting and retaining the most talented workers in order to obtain the expected results. The objective of this paper is to present an integrated model of work-life balance strategies, including the impacts of the different policies and practices on the retention of talented HR, which can be a basis for further academic developments on this subject, as well as a roadmap for managers. Hence, we will analyze a case study carried out in a multinational company-a leader in the technology and tourism sectors, and importantly dependent on valuable human capital, for which the HR strategy aims to improve the performance of the firm in the medium and long term through analysis, planning, and flexibility.

SUBMITTER: Rodriguez-Sanchez JL

PROVIDER: S-EPMC7143143 | biostudies-literature | 2020 Mar

REPOSITORIES: biostudies-literature

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Investing Time and Resources for Work-Life Balance: The Effect on Talent Retention.

Rodríguez-Sánchez José-Luis JL González-Torres Thais T Montero-Navarro Antonio A Gallego-Losada Rocío R

International journal of environmental research and public health 20200316 6

The study of work-life balance has undergone significant development in recent years as a result of changes in society and the growing importance of human resources (HR) for companies. Taking into account that human capital represents a critical success factor for businesses, the current context requires the development and implementation of HR management strategies aimed at attracting and retaining the most talented workers in order to obtain the expected results. The objective of this paper is ...[more]

PMID: 32187973

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Project description:The paradigm shifts of conventional office spaces for virtual workspaces which practiced Work from Home (WFH) due to Covid-19, created a serious change in the lifestyles of employees, due to the overlap of 'work' and 'life' domains in one's life. Since software engineers have a possibility of permanently adapting into WFH, the objective of this study is to unveil factors which would have a significant impact on the work-life balance of software engineers in Sri Lanka, while WFH. Only a very limited researches have shed light on this context, thereby this study would contribute to fill the empirical gap. The study undertook a quantitative approach by collecting primary data through a questionnaire from 384 participants, based on simple random sampling, and analyzing collected data based on Partial Least Squares Structural Equation Modelling (PLS-SEM), using Smart PLS 3.3.9 software. Study results revealed that 'supervisor's trust and support' and the 'individual workspace,' have a significant impact on work-life balance, while 'working conditions,' 'possibility to access the organization's networks' and 'number of children' have no such significant impact. Thereby the study infers that, sound support and trust extended by supervisors and a designated distraction-free workspace; as measures to demarcate the boundary of work and life. Distinctive findings of this study would primarily be fruitful for software engineers to dive into a balanced state of work and life not only during Covid-19 but in future too. Study findings will also contribute to software industry personnel and policymakers in Sri Lanka as well as other developing countries, to establish effective strategies in favor of software engineers who WFH. Further, considering IT industry's significant contribution towards Sri Lanka's economic growth amidst Covid-19, results of this study would be high-yielding to indirectly succor IT-services-supported economic growth amidst the pandemic-driven hardships in Sri Lanka.

Project description:ImportancePhysician work hours are an underexplored facet of the physician workforce that can inform policy for the rapidly changing health care labor market.ObjectiveTo examine trends in individual physician work hours and their contribution to clinical workforce changes over a 20-year period.Design, setting, and participantsThis cross-sectional study focused on active US physicians between January 2001 and December 2021 who were included in the Current Population Survey. Outcomes for physicians, advanced practice professionals (APPs), and nonphysician holders of doctoral degrees were compared, and generalized linear models were used to estimate differences in time trends for weekly work hours across subgroups.Main outcomes and measuresPhysician and APP workforce size, defined as the number of active clinicians, 3-year moving averages of weekly work hours by individual physicians, and weekly hours contributed by the physician and APP workforce per 100 000 US residents.ResultsA total of 87 297 monthly surveys of physicians from 17 599 unique households were included in the analysis. The number of active physicians grew 32.9% from 2001 to 2021, peaking in 2019 at 989 684, then falling 6.7% to 923 419 by 2021, with disproportionate loss of physicians in rural areas. Average weekly work hours for individual physicians declined by 7.6% (95% CI, -9.1% to -6.1%), from 52.6 to 48.6 hours per week from 2001 to 2021. The downward trend was driven by decreasing hours among male physicians, particularly fathers (11.9% decline in work hours), rural physicians (-9.7%), and physicians aged 45 to 54 years (-9.8%). Physician mothers were the only examined subgroup to experience a statistically significant increase in work hours (3.0%). Total weekly hours contributed by the physician workforce per 10 000 US residents increased by 7.0%, from 13 006 hours in 2001 to 2003 to 13 920 hours in 2019 to 2021, compared with 16.6% growth in the US population over that time period. Weekly hours contributed by the APP workforce per 100 000 US residents grew 71.2% from 2010 through 2012 to 2019 through 2021.Conclusions and relevanceThis cross-sectional study showed that physician work hours consistently declined in the past 20 years, such that physician workforce hours per capita lagged behind US population growth. This trend was offset by rapid growth in hours contributed by the APP workforce. The gap in physician work hours between men and women narrowed considerably, with diverging potential implications for gender equity. Increasing physician retirement combined with a drop in active physicians during the COVID-19 pandemic may further slow growth in physician workforce hours per capita in the US.

Dataset Information

Investing Time and Resources for Work-Life Balance: The Effect on Talent Retention.

Publications

Investing Time and Resources for Work-Life Balance: The Effect on Talent Retention.

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