Capital West Advisors WORKLIFEBALANCEPRESENTATION

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WORK/LIFE BALANCE Presentation by Outer Limits Work/Life Balance – Presentation Outline 1. 2. 3. 4. 5. 6. 7. Introduction: scope and definition Questionnaire & Discussion of Results Involvement of Work/Life Balance (Individuals & Managers) Company Involvement & Programs of Work/Life Balance Global Perspective: Differences between USA and EU Conclusions References Introduction - Background  Work-Life balance is important to Generation X (1965-74)  79% of Xers are not willing to sacrifice personal goals for careers  Xers committed to work but want to decide how, where and when they get the job done. Work-Life balance – Creating Definition  Daily achievement and enjoyment in four quadrants of life:     Work Family Friends Self Work-Life balance – Creating Definition  Achievement      Enjoyment     Successful career Better income Newer house Funding children’s education Pride Satisfaction Happiness Self-realization WORK/LIFE BALANCE Definition  Work/Life Balance is the synergism of a variety of life areas that is unique for each individual Are You Slipping Off the Edge? SCORING: How many Trues did you circle? 9-11 Danger zone—need rescuing 5-8 1-4 Losing your grip Good balance—keep it up What happens when we are imbalanced? What will it do for you? A solid work/life balance will give you…      Energy Accuracy Innovation Patience Motivation Julie Morgenstern, Never Check Email in the Morning, p. 21-22 Myths & Misconceptions  Myth #1: The ideal life is worry-free  Recognize that everyone has problems or challenges in their lives ―Life is difficult. This is a great truth, one of the greatest truths. . .Once we know that life is difficult – then life is no longer difficult. Because once it is accepted, the fact that life is difficult no longer matters.‖ – Dr. M. Scott Peck The grass is NOT always greener Roger & Rebecca Merrill, Life Matters Myths & Misconceptions  Myth #2: Balance means equalizing the scale  Do not think of work/life/balance in terms of spending equal amounts of time on any given priority.  The challenge is not to ―Balance‖ work/life, it is in ―Balancing‖ work/life.  Keeping your life in balance is a fluid, ongoing process. Roger & Rebecca Merrill, Life Matters Myths & Misconceptions  Myth #3: Faster is Better  Getting things done faster each day does not mean that you are taking any steps closer to work/life balance Roger & Rebecca Merrill, Life Matters Myths & Misconceptions  Myth #4: Work and Family are natural enemies  Work and personal life are not competing priorities but complementary ones. vs FAMILY WORK Roger & Rebecca Merrill, Life Matters We all want to know . . . HOW?  How do I do a good job at work and still have time for my family?  How do I make time for myself or other priorities?  How do I achieve life/work/balance with today’s family issues, work stress, and economic challenges?  How do I manage to do everything that needs to get done? 3 Gotta Do’s Validate Expectations 2. Optimize Efforts 3. Develop ―Navigational Intelligence‖ 1. Roger & Rebecca Merrill, Life Matters Validate Expectations  Align your expectations with reality – with the way things really are – and with the timeless and universal principles that create the positive results you want to achieve  ―Confront the Brutal Facts‖ WHAT YOU CAN DO NOW Take a good look at your own expectations. Do they take into honest consideration of your own situation? Example – ―Stockdale Paradox‖ Roger & Rebecca Merrill, Life Matters Optimize Efforts  With validated expectations, your efforts toward work/life balance must be leveraged for maximum results to get the greatest return. WHAT YOU CAN DO NOW Begin to think in terms of alignment and leverage. Make sure you’re not wasting time or money on activities that don’t encompass what is truly important to you Roger & Rebecca Merrill, Life Matters Develop “Navigational Intelligence”  Develop your ability to effectively recognize and respond to what matters most to you.  Realize that success in work/life balance is more than simply planning and executing – it’s also developing the wisdom to make good choices in ―decision moments‖ WHAT YOU CAN DO NOW Nurture your discernment capacity with meditation and wisdom literature; Strengthen your discernment with practice. Roger & Rebecca Merrill, Life Matters Add some PEP to your life!  Physical Health Making the commitment to your physical health will have a visible effect on your productivity.  Escape Think about the activities that instantly transport you to a place of sheer joy.  People There are people in your life who give you a sense of value, love, and connection. Spending time with them is essential to your being. Julie Morgenstern, Never Check Email in the Morning, p. 25-32 The Role of Managers 1. Clarify what is important   Clearly inform employees about business priorities Encourage employees to be clear about where work falls in the spectrum of their overall priorities in life Stewart D. Friedman, Perry Christensen, and Jessica DeGroot. ―Work and Life: The End of the Zero-Sum Game. Harvard Business Review on Work and Life Balance, p. 3-4 The Role of Managers 2. Recognize and support employees as ―whole people‖  Open-mindedly acknowledge and celebrate the fact that employees have roles outside of the office  Understand that skills and knowledge can be transferred from one role to another and that boundaries need to be established Friedman, et al., ―Work and Life,‖ p. 4 The Role of Managers 3. Continually experiment with the way work is done  Seek approaches that enhance the organization’s performance while creating time and energy for employees’ personal pursuits Friedman, et al., ―Work and Life,‖ p. 4 Virtuous Cycle Manager helps employees balance work lives with rest of their lives Employees’ performance improves; the organization benefits— kudos to the manager! Employees feel stronger commitment to the organization Employees’ trust redoubles, as does their loyalty and the energy they invest in work Friedman, et al., ―Work and Life,‖ p. 4 What do Companies Have to Offer? Employers are increasingly beginning to offer work life programs to boost employee productivity and moral. Small Company Programs  Analytical Graphic, Inc.,  Software Industry, Exton PA,    Corporate soccer & softball teams Outings coordinated for basketball, foosball, bowling, or flag football Fresh flowers are delivered weekly for special occasions or just because Small Company Programs  Professional Placement Resources  Health Care Staffing, Florida    Tuition reimbursement, work on volunteer initiative such as working in soup kitchens, food/clothing/blood drives Fundraising events to support farming communities around the world Small Company Programs  VML,  Marketing, Kansas City, MO  100% of health cares for employees & dependents  During summer agency closes at Noon on Fridays  2 paid days off to do volunteer work  On-site workout center and lounges with pool, foosball, darts and TVs  Trinity Transport  Transportation Services, Bridgeville, Del  Points are given to employees for meeting individual or team goals or for getting annual physical or teeth cleaning. Points can be redeemed for gift certificates, merchandise or vacations.  A company cookbook lets everyone share favorite recipes Small Company Programs  Synapse Group Inc.  Direct Marketing, Stanford, Conn     Free catered lunches On-site car washes Free AOL and magazine subscription service at home 17 days off paid + employees can receive Get Out of Work Free Cards Small Company Programs  Graniterock  Building materials, Watsonville, CA       Unlimited tuition assistance Pays living expenses for team members pursuing full-time degrees 100% paid health care coverage ESL courses Top-performers get balloon rides, weekend getaways, chauffeured limo trips to Hard Rock Café in San Francisco Small Company Programs  Cxtec  Computer Networking, Syracuse, NY  Sponsor women’s softball team, employee golf league, bowling league, & basketball league  Company choir & band  Free home internet, DVD and TV  Company holiday party &encourage volunteer work  Vanasse Hagen Brustlin  Engineering Scientific Services, Watertown Mass  Work stops early on summer days  Have a parking lot party  Parents are given full freedom to exit a meeting early to attend a child’s event Small Company Programs  Triage Consulting Group  Health Care Consulting, San Francisco, CA      One of the 5 guiding principles Triage has states: “Value an appropriate balance between one's personal life and professional time.” 4 weeks off day of cooking at the California Culinary Academy, SF Giants games, Laker Games, picnics and ski trips. Participate in volunteer activities such as charity food distribution and outdoor education for kids. Small Company Programs  Insomniac Games, Inc  Entertainment Software, Burbank, CA   Ice cream hour, campus offers basketball, volleyball, putting green & gym Others programs include……. Small Company Programs  Northeast Delta Dental  Financial/Insurance, Concord, N.H.  100% paid health care premiums, vision, mental health and dental  80% tuition cost for undergrad and graduate courses  Free fruit, a book club, after-hours use of the office for personal events  Navigator Systems, Inc.  Professional Services, Addison, Tx   No limit in vacation time 100% coverage of health care premiums. Small Company Programs  Acuity  Insurance, Sheybotgan, Wis  24hr on site gym, off-site employees receive a $500 allowance to join health club in area  bucolic campus provides a fully stocked pond where employees and families can fish any time and take home their catch Small Company Programs  Eileen Fisher, Inc.  Retail/wholesale apparel, Irvington NY  $1,000/yr physical & mental self-improvement, spa days  On-site wellness offers yoga, reflexology, massage, movement and self-healing  employee’s celebrating 10yr anniv receive $5,000 for a trip + 1 extra vacation week  BMW Financial Services  Woodcliff Lake, NJ  Free or discounted BMW  100% paid health (including dental & mental health) for employee & dependents  Lifetime benefit of $30,000 for infertility treatment  Subsidized company car and heath insurance for retirees & spouses Health and Nutrition – Large Companies  REDUCED FITNESS MEMBERSHIPSMicrosoft  ONSITE FITNESS FACILITIES- Cisco Systems, Medtronic, Microsoft, Principal Financial Group  MULTICULTURAL CAFETERIAS ONSITE- Cisco Systems  WEIGHT MANAGEMENT CLASSESGoldman Sachs, Wells Fargo  LUNCHTIME SEMINARSCisco Systems Wegman’s Groceries, Medtronic The Vanguard Group,  COMPANY SPONSORED TEAMS MASSAGE THERAPY- Medtronic Family – Large Companies  BACKUP CHILDCARE CENTERS TRANSITION PROGRAM ADOPTION ASSISTANCE MATERNITY/PATERNITYGoldman Sachs Goldman Sachs, American Express Goldman Sachs, Microsoft Goldman Sachs Goldman Sachs, Eli Lilly, Medtronic  LAMAZE CLASSES ONSITE LACTATION CENTERS- Principal financial group, Eli Lilly, Medtronic Family – Large Companies  FLEX HOURS- Goldman Sachs, Medtronic, The Vanguard Group  FAMILY LEAVEEli Lilly Medtronic  SICK CHILDCARE OPTIONS COLLEGE PLANNING-  SCHOOL HOLIDAY PROGRAMS- The Vanguard Group, Eli Lilly The Vanguard Group The Vanguard Group  SCHOLARSHIPS FOR CHILDREN- Stress Management – Large Companies  CONFIDENTIAL COUNSELING SERVICESThe Vanguard Group, Wells Fargo,  LEGAL COUNSELING- American Express Every Company  PROMOTIONAL STRESS BALLS- Time Savers – Large Companies  DRY CLEANING- Eli Lilly  CONVENIENCE MARKET- Eli Lilly  BANKING- Eli Lilly, Wells Fargo, Bank of America, Washington Mutual (most public banking institutions)  POSTAL SERVICES- Eli Lilly  AUTOMOTIVE SERVICESGrocery Stores Wegman’s  ON-SITE DENTISTRY- Station Casinos Possible Future Benefits for Small/Large Companies         HOUSEKEEPING SERVICES GROCERY DELIVERY DEPENDENT TUTORING TRANSPORTATION SHORT TERM ON-SITE RESIDENCE TELECOMMUTING HOURS PET SERVICES YOGA Global Perspective  Do people in other countries have a different perspective on Work-Life balance?  What are the differences between USA and EU? Allotted vacation time in developed countries 45 40 35 30 25 20 15 10 5 0 Italy France Germany Canada etherlandsGreat Poland N Britain China USA Amount of Vacation Days Received Average Amount of Vacation Days Each Employed Person Gives Back Organizations  European Union  European Foundation for the Improvement of Living and Working conditions  Formal EU body –more impact  Stronger social pressures to improve working conditions  USA  Some privately held or educational institutions  Informal trends  More of selfimprovement attitude than recognition of issue EU and USA trend comparison The Foundation is a European Union body established to work in specialised areas of EU policy (..) set up by the European Council contribute to the planning and design of better living and working conditions in Europe Helping America’s Working Parents - What Can We Learn from Europe and Canada? What’s next for the U.S.?  What are the differences driven by?  Social and personal values  Aren’t Americans concerned with their quality of life?  Xers emphasize the balance  Can the U.S. maintain its economic superiority while becoming more socially oriented?  Today’s and future leaders from generation X can change the status quo Conclusion  Work/Life Balance is the synergism of specific life     areas that must be worked together in order to achieve optimal results. Work/Life Balance is an important aspect of life for Generation X. It takes individual and management involvement to attain work/life balance. Employers are increasingly beginning to offer work life programs to boost employee productivity and moral. There are clear differences between U.S. and other countries. What is the right ―Balance‖? References  Morgenstern, Julie. "Never Check E-mail in the Morning." 2002:  Glantz, Barbara, ―Balancing Acts.” 2004:       Merrill, Roger. "Life Matters." 2003: . www.GreatPlacetoWork.Com www.SHRM.org http://www.awlp.org/ http://www.worklifebalance.com http://www.ilr.cornell.edu/library/research/QuestionOfTheMonth/ archive/vacationtime.html  http://www.eurofound.eu.int  http://press.expedia.com/index.php?s=press_releases&item=21  Keller, William L., Timothy J. Darby, and American Bar Association. International Labor Law Committee. International Labor and Employment Laws. 2 vols. Washington, D.C.: Bureau of National Affairs, 1997, 2002 Supplements Questions?

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