What are Work-Life Strategies
- They help you enable your employees to 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:
- flexible work arrangements
- employee support schemes
- family care leave
Benefits of Implementing Work-Life Strategies
- With effective work-life strategies in place, you will:
- improve your ability to attract and retain talent
- increase staff morale and employee commitment
- increase productivity
- enjoy savings in real estate and overhead expenses
- reduce health-related costs (e.g. absenteeism, medical leave)
- have a more motivated and satisfied workforce
4 Steps to a Successful Work-Life Strategy
- Establish the need to implement / modify a Work-Life Strategy.
- Assess business needs and employees’ work-life needs.
- Implement work-life programmes.
- Evaluate work-life programmes.
Funding for Work-Life Strategies
- The enhanced Work-Life Grant, effective from 1 July 2018, aims to incentivise companies to sustain the use of flexible work arangements (FWAs) for all employees, to create work-life harmony at the workplace.
- The enhanced Work-Life Grant comprises 2 components:
- The FWA Incentive (up to $70,000 per company) to incentivise companies to sustain the implementation of FWAs for their local employees.
- The Job Sharing Incentive (up to $35,000 per company) to incentivise employers to implement job sharing for employees at the PMET-level drawing a gross monthly salary of at least $3,600, prior to the job sharing arrangement.
Getting More Information
A portal developed by TAFEP that provides useful information on implementing effective and sustainable work-life strategies and success stories.