Hello everyone, welcome back to another episode of Business Upside podcast. This is Dr. Alex Chakrabarti and today I will discuss Work-Life Balance's Undeniable Importance how it might affect an individual if not appropriately maintained. Moreover, I would like to share factors contributing to an unhealthy work-life balance, its ill-effects, and benefits. The thoughts I will be sharing here are based on the expertise and the thorough research I conducted. The phrase "work-life balance" did not lose its relevance, even with the pandemic scenario, and surely will continue to uphold its significance in the upcoming years as well. So, what is this "work-life balance" concept? & how can it benefit? Work-life balance refers to the ideal condition whereby an employee can divide their time and energy between work and other vital elements of their life. Keeping a work-life balance is a constant struggle. In addition to the workplace pressures, it is difficult to find time for family, friends, community involvement, spirituality, personal growth, self-care, and other personal interests. Work-life balance is an essential component of a good workplace. Maintaining a work-life balance relieves stress and prevents burnout in the office, especially for working overtime. Therefore, the concept is about maintaining a healthy balance between personal and personnel life. Employers may save money and retain a healthier, more productive staff by developing a work environment that prioritizes work-life balance. Now, what are the determinants of unhealthy work-life equilibrium? Work obligations are a vital component of life happiness for most individuals, and they are not conducted just for monetary gain. Researchers attribute this to the daily structure and social identity provided by professional roles and the expectations that must be satisfied. Work-life balance variables can be both subjective and objective. For example, individuals' attitudes about work like overachievers, perfectionists, or obsessive workers. Overworked people work overtime even when not necessary, yet are dissatisfied with the results. Other important factors in defining work-life balance include \tthe worker's health, \tpersonality type, \tlevel of resilience, \tthe stage of career and time of life, and \tgender. Furthermore, work expected in terms of time spent at work and any intensity or pressure, the work culture, long commutes, inflexible hours, demanding supervisors, inept coworkers, and incompetent managers all add to this situation, even connectivity problems with the managers, especially for remote workers. Hence, the indicators are modifiable either by individuals or by the organization one is working for. So, to overcome these manageable indicators, let's understand the importance of the work-life balance concept Firstly, work-life balance is inversely proportional to stress. Workplace stress is the fifth leading cause of mortality in the United States. Furthermore, a quarter of Americans say their employment is their number one cause of stress. Consider that your decisions will eventually determine your work-life stability. Secondly, this equilibrium promotes mental health and physical well-being, and it is highly crucial for your mental health. When you feel harmonious, you are better equipped to deal with unpleasant emotions and ideas and become more self-aware. Also, taking care of your physical health is an integral part of finding balance for yourself. However, the second component of finding work-life balance concerns your working approach and surroundings. Physical activity and spending time outside, according to researchers, produce endorphins, which are chemicals that make you feel more cheerful and good about yourself, contributing to increased productivity and efficiency. Thirdly, mindfulness helps you achieve this harmonious connection. If this resonates with you, then train your brain to be present at the moment instead of straying off to some distant instance. And you retrain your mind by doing certain mindfulness activities regularly, which promotes internal equilibrium. Fourthly, it improves engagement in relationships and at work too. Working too much means spending less time with those you care about, and however, it also means less quality time with them. When fatigued and stressed, it's tough to be present and offer your complete attention to others. A balanced lifestyle entails spending more quality time with family and friends. Employees who are less stressed, emotionally and physically well, and feel connected to their coworkers are more likely to be driven to work more. And increased motivation means you'll do better and be more focused and engaged. Next,a balance in work-life relationships generates a high level of productivity and increases the chances of success. A more balanced work-life schedule will make you more productive. Consider this: \tYou will feel better both physically and psychologically. \tYou will be more concentrated and present. \tYou will be able to think more calmly, clearly, and creatively. You'll also be more driven to work hard, which indicates you're more likely to perform at a higher level. There is a widespread belief that achieving success requires a lack of balance. But it's just not true, and it's based on the widely held notion that work-life harmony entails settling for less. Work-life synergy is about living a successful life on your terms, and you already know how! Lastly, acquire a sense of happiness and well-being by maintaining this balance. One of the most fundamental reasons work-life balance is crucial involves personal pleasure and fulfilment. Balance entails feeling good about yourself and having control over your life and profession, both keys to creating happiness for yourself and bringing real meaning to your life. Consider the reasons I have discussed why work-life balance is crucial, and you'll see most of these will help you feel more optimistic, joyful, and fulfilled. Thus, the six essential factors show how vital work-life balance can be! Let's understand this with an example Extended hours are common in software and banking, and FactSet works both. In a survey of 2,000 employees in the United States, 92 percent stated they were encouraged to balance work and personal life. Anonymously, one team member stated, "FactSet is happy to let people work the way that they work best – be it from 10 a.m. to 6 p.m., 8 a.m. to 4 p.m., or in chunks of time. If you get your work done and are available for communication, you are doing well." Roughly half of FactSet's staff, approximately 45 percent, benefits from flexible scheduling, while 18 percent telecommute, and workers have access to at least three weeks of vacation from day one. Not bad for a $5.3 billion publicly listed corporation with 35 straight years of sales growth. So, let's wrap it up for today! Thank you for listening to this podcast. We will come up with more interesting topics soon, so stay tuned. Further Reading \t Want to Enjoy Life and Work Efficiently at the Same Time? \t How to Make your Home Office Setup Efficient \t How to Maintain your Physical and Mental Health when Moving?