Work Life Harmony
In today's competitive economy, a company's performance is increasingly intertwined with the well-being of its employees. Employees with less worry in their personal lives are more likely to be committed and engaged at the workplace, thus enhancing the company's business performance.
The implementation of a Work-Life strategy is key to achieving such a win-win situation for both employers and employees. It also plays an important part in attracting and retaining talent.
The business benefits resulting from a successful Work-Life strategy can include:
- Increased productivity;
- Improved recruitment and retention;
- Lower absenteeism rates;
- Improved customer experience; and
- A more motivated, satisfied and equitable workforce.
In terms of bottom line, for every $1 spent on family-friendly programmes, a company reaps an average return of $1.68.
Click here to read about the Tripartite Committee on Work-Life Strategy.
Work-Life Strategies
The Government encourages all businesses to implement work-life strategies so that all employees can enjoy work-life harmony and contribute sustained peak performance to employers.
What Are Work-Life Strategies?
- They are strategies that an employer implements to help employees manage work responsibilities alongside personal and family needs.
- They contribute to maximising employee productivity at work and help make organisations more competitive.
- Work-life strategies can be divided into 3 broad categories:
Why Should I Implement Work-Life Strategies?
- The Singapore National Employers Federation conducted a study on 11 Singapore-based organisations in 2003 and found that for every S$1 spent on family-friendly programmes, the company reaped a return of S$1.68.
- Work-life strategies have been found to lead to:
- gains in productivity and shareholder value
- improved employee engagement
- improved attraction and retention of talent
- reduced health-related costs (e.g. absenteeism, medical leave)
- improved customer experience
- a more motivated and satisfied workforce
Is There Any Funding Available?
- A S$10 million dollar Work-Life Works! (or WoW!) Fund is available to organisations to help them develop and implement work-life strategies. Under this fund, the Government will co-fund up to 80% of the costs incurred for approved projects, subject to a cap of S$20,000 per organisation. Click here to find out more about WoW! Fund.
- Flexi-Works! offers a grant of up to $100,000 for companies to hire new workers on part-time or flexible work arrangements. Click here to find out more about this funding scheme.
See:
How Do I Get Started?
- Work-Life Took Kit
A toolkit on work-life strategies developed by Employer Alliance that contains useful information on what you need to know about implementing work-life strategies and success stories. Visit the 'Work-Life Integration' section for more information on implementation.
- Work-Life Harmony Report
Browse through the Work-Life Harmony Report for general and sector-based tips on how to implement work-life strategies. The report also covers examples of best practices from the banking, chemical, healthcare and infocomm technology industries, as well as small and medium enterprises.
Skip to content
