As a business owner, there are a few benefits to improving this balance, among them, reducing employee turnover. While many business owners underestimate this metric, training new staff on a constant basis is both expensive and diminishes productivity. Devising innovative and flexible solutions to minimize staff turnover is critical to the long-term prospects of any business.
Not every opportunity that enhances work-life balance needs to be expensive, and with some creative thinking, the team will quickly feel valued and empowered within their company. Let’s examine some of the options available to business owners to improve the work-life balance of their employees.
Offer Child Care Support and More Flexible Working Hours
Starting a family is one of the most exciting events to happen in anyone’s life, but it can also require significant investment. Childcare is more expensive than college, and for someone on minimum wage, this can equate to up to 68% of their income. Depending on the size of your organization, it could be beneficial to provide an on-site child care facility, or if that is not possible, a contribution towards childcare costs. Although this might seem like an expensive option, it will impact your employee’s mindset and empower them at work.
Encourage Healthy Habits Within The Company
However good an employee is, if they are regularly sick, or feeling unwell, their productivity will invariably suffer. Many of the best and most dedicated employees can become sick regularly because they are pushing themselves so hard to deliver for the company. However, this can be self-defeating as it is essential for an employer to take into consideration the health and well-being of their employees.
Offering either on-site gym facilities or a subsidized gym membership can be an excellent way to encourage a healthier lifestyle. If those options sound expensive, then consider something as simple as a Fitbit, or step tracker. These relatively inexpensive pieces of equipment encourage their wearers to become more active, can promote team bonding, and even offer a competition style element that allows staff to compete against each other.
Insist On Offline Time
Another recent phenomenon that is starting to cause problems is the connectivity of electronic mobile devices. People can become addicted to checking their emails even on their days off or in the evenings when the workday is finished. This can quickly lead to wearing your employees out.
Create the expectation that when people are away from work and with their family, that there is no need to check emails or to respond to work inquiries. This may be difficult to implement, but as the head of the company, you can set good examples by not sending out emails after hours and not expecting responses from your staff whenever they are finished for the day or on vacation. The human body and brain require time to recharge, so as an employer it is critical that you understand and implement policies that embed the importance of downtime into your organization’s DNA.
Support Remote Working
With laptops and phones, we can now start and finish work practically anywhere with an internet connection. For some employees, they may prefer the comfort of their home on certain days of the week.
As the leader, allowing your employees to work from home can break the monotony of a 9-5 or a Monday to Friday routine. Some may just prefer a change of scenery, in which case a coworking solution can offer multiple office spaces in different cities and states. This may be particularly advantageous to a new mother who must take care of her children, or a team member who must care for a sick family member. Just ensure you check in with them and set realistic expectations.
Ask Your Employees What They Need
The best way to find out how you can empower your team to do their best is to simply ask. Pull them aside for a few minutes, or schedule a time after work to discuss the various options available to them and which they prefer. Some may want different hours, others may need guidance in a personal event. You’ll never get to the best solution unless you ask in the first place.
These are just some ideas that any business can introduce to help improve work-life balance. When executed properly, the workplace will become a more productive, happier environment. People want to work in a competitive but relaxing environment as it helps bring balance to their lives, and reminds them that there are more important things than staying late every night to impress your boss.
Novel Coworking is designed around the lifestyle of the modern entrepreneur and business. Our offices are open whenever you want to start the day, and can be accessed in the busiest commercial cities in the United States. If you are in the market for a coworking space or want a guided tour of one of our facilities, visit Novel Coworking today.