A STUDY ON WORK-LIFE BALANCE

WORK-LIFE BALANCE:

The expression work life balance was first used in the late 1970’s to describe the balance between an individual's work and personal life.

a recent study for the Center for Work-Life Policy, 1.7 million people consider their jobs and their work hours excessive because of

globalization.

RESPONSIBILITY OF THE EMPLOYER:

Encouraging employees,

provide compulsory leave,

strict maximum hours,

foster an environment. Now companies are realize as their companie’s

Productivity and Profitability,work-life balance is as important as it

considered one of the factors that induces employee satisfaction.

BENEFITS OF WORK-LIFE BALANCE

Reduced staff turnover rates Becoming a good employer or an employer of choice Increased return on investment in training as employees

stay longer Reduced absenteeism and sick leave Improved morale or satisfaction Greater staff loyalty , commitment and Improved

productivity.

OBJECTIVES OF THE STUDY:

PRIMARY OBJECTIVE• To study the work-life balance of the employees in

HDFC, Chennai.SECONDARY OBJECTIVES• To identify the factors that affects the quality of life in

terms of career and family.• To suggest ways to improve work-life balance in HDFC• To discuss employees comfort in work-life balance

issues with superiors• To feel stressed out most of the times• To improve the employee’s work-life balance

SCOPE OF THE STUDY: The study focuses on finding out the factors affecting the work-

life balance of employees in HDFC.

It identifies the extent to which the employees are able to balance the personal, social and organizational work life.

The study identified the various measures that are to be followed by the organization to improve the work-life of the employees and provide a motivational

environment in which the employees are highly satisfied.

LIMITATIONS OF THE STUDY :

• This study is limited only to Maruti Service Masters, Chennai.

• The study was time bound because the employees had to be disturbed from their work and prior appointments had to be taken.

• The study is restricted only from June-July and hence the expectations & perceptions of employees could change in future.

• The findings of the study cannot be applicable to any other organization as the study was carried out at Maruti Service Masters, Guindy. The findings and suggestions

are confined only to this organization.

THE HISTORY OF INDIAN INSURANCE

INDUSTRY: • 1818 - British established the first insurance company in India

in Calcutta, the Oriental Life Insurance Company.

• Indian Life Assurance Companies Act in 1912. A number of amendments to this Act were made until the

Insurance Act was drawn up in 1938.

• Act was changed in 1950, meant far reaching changes in the

industry.

• In 1956, the market contained 154 Indian and 16 foreign life insurance companies.

Some of the important milestones in the life insurance business in India are:

1912: The Indian Life Assurance Companies Act enacted as the first statute to regulate the life insurance business.

1928: The Indian Insurance Companies Act enacted to enable the government to collect statistical information about both life and non-life insurance businesses.

1938: Earlier legislation consolidated and amended to by the Insurance Act with the objective of protecting the interests of the insuring public.

1956: The market contained 154 Indian and 16 foreign life

insurance companie

RESEARCH METHODOLOGY

Research methodology is a way to systematically solve the research problem. It may be understood as a science of studying how research is done scientifically.

S.NO KEY ISSUE OPTIONS SELECTED

1 DATA SOURCE PRIMARY & SECONDARY

2 RESEARCH APPROACH DESCRIPTIVE RESEARCH

3 INSTRUMENT USED QUESTIONNAIRE

DATA COLLECTIONPrimary and Secondary data to collect the data for the study.PRIMARY DATAThe primary data are that information which is collected a fresh

and for the first time. The collection of primary data is used in management in taking decision. SECONDARY DATAThe secondary data are those which have already been collected by some other agency and which have already been processed. The various sources used by me in collecting the secondary data are company’s own records, documents, industry survey, reports, data's etc.

RESEARCH DESIGN

The type of Research design used is Descriptive Research. The Descriptive Research deals to depict the present state of affairs. The main characteristic of descriptive research design is the researcher can only report what has happened and what is happening.

INSTRUMENT USED The type of instrument used to gather data is through

questionnaire. The researcher used both open & close ended in the questionnaire.

AREA OF SURVEYThe survey was done within the organization. The study is on Work-

life balance of the employees in HDFC.SAMPLING DESIGNA sampling design is a definite plan for obtaining a sample from a

given population/sampling frame. It refers to the technique or the procedure the researcher would adopt in selecting items for the sample. Here, the type of sampling design followed is probability sampling-simple random sampling.

SAMPLE SIZEThis refers to the number of items to be selected from the universe

to constitute a sample. The sample size was 200. They were viewed for the purpose of the study.

METHODS USED FOR ANALYSIS The various methods that are used to

analyze the study are as follows, Chi-square Correlation Rank correlation

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