- Published: October 31, 2021
- Updated: October 31, 2021
- University / College: Brunel University London
- Language: English
- Downloads: 42
Work Life Balance is includes the role of unions, government and employers and the reasons for the balance and imbalance of work-life. Work Life Balance possesses many challenges and the solving them is important for the employees and employers. In work life balance, a management practice stimulates & increases productivity only at the expense of employees. It helps the employees to increase morale and to accomplish their task in work time.The project was basically done to present the job satisfaction and increases the employee engagement which can be the competitive advantage for the organization and the work life balance can be achieved by giving importance to both personal and work life.
CONTENT
1 INTRODUCTION OF THE STUDY82 OBJECTIVE OF THE STUDY93 CHEMICAL INDUSTRIES 104 Literature Review 111.1.Work Life Balance111.2.Importance of work Life Balance121.3.Work Life Balance Triangle 121.4.What is Good Work Life Balance?121.5.What is Poor Work Life Balance?131.6.Steps to Better Work Life Balance131.7.Benefits of Work Life Balance to the Organization145 COMPANY PROFILE155.1. Introduction155.2.Mission 155.3. Vision165.4.”SWOT” Analysis164.4.1Strength164.4.2 Weakness164.4.3 Opportunities164.4.4Threat175.5.Division175.6.Infrastructure176 RESEARCH METHODOLOGY186.1.Research Design186.2.Sources of Data186.2.1 Primary Data186.2.2Secondary Data186.3.Sampling180.1.1 Population180.1.2 Sampling Tool180.1.3 Sampling Size180.1.4 Data Analysis Techniques187 DATA ANALYSIS AND INTERPRETATION197.1. Introduction198 HYPOTHESIS TESTING309 FINDINGS3210 SUGGESTION3311 LIMITATION OF THE STUDY343412 CONCLUSION3513 ANNEXURES3614 BIBLIOGRAPHY40
INTRODUCTION OF THE STUDY
The Work Life Balance was first originated in 1986. It does not mean equal balance but it is trying to schedule an equal number of hours for each of your various work and personal activities. The right balance for individual today probably be different for individuals tomorrow. Thus, cores of effective work life balance’s definition are of two key concepts i.e. daily achievement and enjoyment.Work Life Balance can be achieved when an individual’s right to be fulfilled life inside and outside paid work is accepted and respected as the norm, to the mutual benefit of the individual, business and society.The demand for work-life–balance solutions is by employees and managers are expanding at an exceptional rate. As a result, today work-life-balance is an increasingly hot topic in boardrooms and government halls.
OBJECTIVE OF THE STUDY
To study whether the employees are able to balance work lifeTo study the importance of work life balance in the organizationsTo study how work life balance is the factor for improving the job satisfactionTo study whether the employees are able to manage their stress or not
CHEMICAL INDUSTRIES
Chemicals Industry in India is one of the fastest growing industries under the Indian Economy. At the same time it is also one of the oldest domestic industries of India which started working soon after India’s Independence in 1947. From those early years, the chemical industry in India continued to contribute to the Economic Growth of Indian Economy. At present, the industry accounts for almost 13% of Indian GDP.The chemical industry comprises the companies which producing industrial chemicals. From central to the modern world economy, it converts raw materials (oil, natural gas, air, water, metals, etc.) into more than 70,000 different products.The Indian chemical industry can deliver on an accelerated growth phase, provided a clearly defined vision along with a strategic roadmap is developed to enable it. If this is not done, the Indian Government may see the growing market increasingly being served through manufacturing done outside India. The various segments of the chemical industry (such as organic chemicals, specialty chemicals, etc.) have their own unique set of challenges. The industry can grow only if these individuals segments overcome their challenges and move swiftly along the growth path. the industry and government will have to work in tandem to achieve the ambitious targets set for the chemical industry.
Literature Review
Work Life BalanceIt Helps employees to balance their work and non-work responsibilities which has been a growing concern of corporations for more than twenty years. The issues for work-life balance was began in the year 1980s, as more number of employees entered the workplace and is focuses on helping employees to balance their work and family responsibilities by offering family – friendly benefits.These practices are now focused at work-life balance, which is a more encircling term that reflects the desire of each and every employee for more flexibility in their work to manage the competing demands of work and their personal life.Work-life-balance concept supports the efforts of employees to make difference with their time and energy between their work and the other important aspects of their lives. Work-life-balance is an effort to make time for each and every social, functional, cultural and personal activity, in addition to the demands of the workplace. Work-life balance is controlled by employers who institutes policies, procedures, actions and expectations that enable employees to easily pursue more balanced lives.The work-life-balance reduces the employee’s stress experience. When they spends majority of their time on work-related activities and they feels, that they are not able to look after the other important components of their lives, which leads to stress and unhappiness.Work-life-balance is challenging as it helps many employees to experience a personal, professional and monetary need to be achieve. Employers can assist employees to experience work-life-balance by offering such opportunities through flexible work schedules, paid time off (PTO) policies, responsible time and communication expectations and company – sponsored family events and activities.Importance of work Life BalanceWork-Life Balance in organizations:Helps to identify the need as well as the reason for introducing work-life balance policiesHolds joint discussions with employees to evolve policies, while also identifying possible barriersCommunications policies are possible through handbooks, newsletters, intranet and other forms of communicationsHolds workshops which help managers to implement and manage policiesBegins with a few “quick win” policiesWork Life Balance TriangleWhat is Good Work Life Balance?If employee are completing your work on timeIf employees are able to give attention they need while putting in their time at workIf employees are able to go out in the evening and feel at work the next dayIf employees are content with their life at work and their life at home, then they have a good balanceWhat is Poor Work Life Balance?If employees feel like they are a failure at work or at homeIf employees feel like they are working too many hours to have a social lifeIf employees are falling behind at work because of staying out too late each night then have poor work life balanceSteps to Better Work Life Balance
Step 1: Get Real
The first step for work-life balance is to get ‘real’. Using a simple SWOT (strengths, weaknesses, opportunities, and threats) analysis, conduct a personal audit of individual’s work life.
Step 2: Purpose Driven
Reflect and analysis what values and purposes drives the need for individual’s work-life-balanceList some three to five items and focus on themThese are very critical and not often at the top of our minds when work-life are out of balance
Step 3: Goal Oriented
Setting the attainable goals keeps us focused and goals are seen as an end result of urgencyKeep a few achievable goals and not be overly ambitiousDiscuss these goals with a person whose support is required or will be impacted by the choices made
Step 4: Adaptability
Work-life balance requires a conscious effort and determinationThere are times to say ‘No’ without having to feel guilty about itThere are also times to compromise and make sacrifices to achieve the set goalsWork life balance will calls for changes to one’s lifestyleAccept the need to change and be adaptable if work-life balance is to become a long term goal
Step 5: Evaluation
Working through these steps is just one way to realize work-life balanceSustaining that it is a greater challenge, because it takes a continuous process of evaluationAt different stages of career and personal life, work-life balance needs are differentWork-life balance is achievable and it is a journey of choices, focus and conscious evaluation to adapt and keep movingBenefits of Work Life Balance to the OrganizationMeasured increase in individual productivity, accountability and commitmentImproved teamwork and communicationImproved moraleLess negative organizational stressStrategies that improve team communicationMastering the choice challengeEffectively adjusting individual work life balance over time
COMPANY PROFILE
IntroductionThey are a leading manufacturer and supplier of specialty performance chemicals to a cross section of industries across India. They have laboratories, offices, manufacturing plants, dealers and strategically are located personnel in all regions of the country.Chembond is a BSE listed company, was established in the year 1975, with a group sales of over Rs. 250 crores and 700 employees. The company was incorporated as a private limited company under the name Chembond Chemicals Private Limited in 1975 in the State of Maharashtra and soon it was converted into Public Limited on 4th May 1993.Chembond was promoted by Dr. Vinod .D.Shah and Mr. C.D.Shah. Chembond started with the manufacture of Metal Pretreatment Chemicals at Todi Industrial Estate in Bombay. Subsequently, a plot of 1800 sq. mtrs was acquired at MIDC Tarapur Industrial Area where the present factory of the company was constructed in 1979.In 1983, Chembond diversified into the manufacture of Cooling Water Treatment Chemicals. In 1992, the company undertook an expansion of its facilities at Tarapur. In 1994, chembond singed a technology transfer agreement with Freiborne Industries, Inc., USA for the manufacture of cold forming lubricants for the wire drawing industry. A collaboration agreement has been signed with SKW Trostberg, AG and Germany for their range of construction chemicals.MissionChembond are a leading specialty chemicals company with a 35 years history in Indian industry. Their mission is to attain Market Leadership in each of their business areas by creating Customer Delight through Value, Innovation and Service.Vision”SWOT” AnalysisStrengthThe positive image of brand “CHEMBOND”Dynamism and readiness to accept changeGood work culture and service orientation of HR teamGood performance management systemHigh level of integration with workmenHigh level of accessibility (open door policy)Strong discipline management systemStrong discipline management systemWeaknessWorkmen’s are more concerned about rights than responsibilitiesLack of clarity in career pathHigh expectation of labor terms of compensation/welfare measureLack of flexibility of job among workmenAbsence of good work culture due to IR performanceOpportunitiesCan Institutionalize systemCan lead changeHigh level of skill of employees can be used for better productivityThreatHighly organized indirect workforceInfluence of political environment on industrial relationDivisionCoatingsConstruction ChemicalsWater TechnologiesWater TreatmentTradingSurface TechnologyBiotechInfrastructureChembond Centre is an independent building at Mahape near Mumbai. It has houses of admin, sales, marketing, tech service and R&D functions. Well equipped laboratories for all divisions – metal treatment, water treatment, construction, chemicals, microbiology and biotech. Chembond‘s plant at Tarapur (about 100 km North of Mumbai) and Baddi, HP (about 70 kms in North of Chandigarh) and is ISO 9001:2000, certified. We expecting that our new plant at Dudhwada, Gujarat (about 50 kms from Vadodara) will be ISO 9001:2000 certifies by the month of August 2009.
RESEARCH METHODOLOGY
Research DesignA research design specifies the methods and procedures for conducting a particular study. In this Descriptive Research Design is used.Sources of DataPrimary DataPrimary data is collected from employees through questionnaireThe questionnaire includes open ended and closed ended questionsSecondary DataMagazines, websites and journalsSampling
Population
Employees of the Chembond Chemicals Ltd
Sampling Tool
Questionnaire
Sampling Size
The sample size was 30 employees through the questionnaire method. 30 employees are surveyed at Chembond Chemicals ltd, Vadodara.
Data Analysis Techniques
Pie Graphs, Bar Graphs, Chi square Test
DATA ANALYSIS AND INTERPRETATION
IntroductionTables & charts following in this section of report depicts response of various Respondents of the survey on the questions put to them through above questionnaire in the respect of work life balance taken up by the Company.
Respondents’ opinion on Able to balance work life
Table No. 7.1
Particulars
No. of Respondents
Percentage
Yes
17
57
No
13
43
Total
30
100
Sources: Primary Data
Chart No. 7.1
INFERENCE
Based on survey, out of 30 respondents, 57 percent of the respondents responded that they are able to balance work life and 43 percent of the respondents said that they are not able to balance work life.
I) Respondents’ opinion on Importance of work life balance
Table No. 7.2
Particulars
No. of Respondents
Percentage
Strongly Agree
11
36.67
Agree
10
33.33
Disagree
9
30
Total
30
100
Sources: Primary Data
Chart No. 7.2
INFERENCE
Based on survey, out of 30 respondents, 36.67% respondents are strongly Agree with the importance of Work Life Balance, 33.33% respondents are Agree with the importance of Work Life Balance, 30% respondents are Undecided about the Importance of Work Life Balance.
II) Respondents’ opinion on factor of Work Life Balance is important for promoting Job Satisfaction
Table No. 7.2
Particulars
No. of Respondents
Percentage
Strongly Agree
9
30
Agree
12
40
Undecided
5
16.67
Disagree
4
13
Total
30
100
Sources: Primary Data
Chart No. 7.2
INFERENCE
Based on survey, out of 30 respondents, 40 percent respondents are strongly agree that work life balance factor is important for promoting Job satisfaction, 46.67 percent respondents are agree that work life balance factor is important for promoting Job satisfaction, 13.33 percent respondents are undecided about whether work life balance factor is important for promoting Job satisfaction or not and none of respondents are disagree.
Respondents’ opinion on feel about amount of time spend at work
Table No. 7.3
Particulars
No. of respondents
Percentage
Very Unhappy
1
3.33
Unhappy
6
20
Indifferent
14
46.67
Happy
9
30
Very Happy
0
0
Total
30
100
Source: Primary data
Chart No. 7.3
INFERENCE
Based on survey, out of 30 respondents, 3.33 percent respondents are very unhappy for spending amount of time at work, 20 percent respondents are unhappy for spending amount of time at work, 46.67 percent respondents are indifferent for spending amount of time at work, 30 percent respondents are happy for spending amount of time at work and non of respondents are very happy for spending amount of time a work.
Respondents’ opinion on feel tired or depressed because of work
Table no 7.4
Particulars
No. of Respondents
Percentage
Never
5
16.67
Rarely
9
30
Sometime
10
33.33
Always
6
20
Total
30
100
Sources: Primary Data
Chart No. 7.4
INFERENCE
Based on survey, out of 30 respondents, 16.67 percent respondent are never feel tired or depressed because of work, 30 percent respondents are rarely feel tired or depressed because of work, 33.33 percent respondents are sometime feel tired or depressed because of work and 20 percent respondents are always feel tired or depressed because of work.
Respondents’ opinion on believes that superior support for work life balance
Table no. 7.5
Particulars
No. of Respondents
Percentage
Sometimes
11
36.67
Always
10
33.33
Rarely
9
30
Total
30
100
Source: Primary Data
Chart No. 7.5
INFERENCE
Based on survey, out of 30 respondents, 36.67 percent respondents believes that superior sometimes support them for work life balance, 33.33 percent respondents believes that superior always support them work life balance and 30 percent respondents believes that superior rarely support them for work life balance.
Respondents’ opinion on openly discuss issues related to work life balance with their superior
Table No. 7.6
Particulars
No. of Respondents
Percentage
Yes, all the time
6
20
Yes, sometimes
12
40
Depends on the matter
9
30
Not at all
3
10
Total
30
100
Source: Primary Data
Chart No: 7.6
INFERENCE
Based on survey, out of 30 respondents, 20 percent respondents can openly discuss issues related to work life balance with their superior all the time, 40 percent respondents can sometime openly discuss issues related to work life balance with their superior, 30 percent respondents depends on the matter for openly discussing issues related to work life balance with their superior and 10 percent respondent said that they cannot openly discuss issues related to work life balance with their superior.
I) Respondents’ opinion on suffer from any stress related diseases
Table No 7.7
Particulars
No. of Respondents
Percentage
Hypertension
9
30
Obesity
5
16.67
Diabetes
2
6.67
Frequent Headache
7
23.33
None
5
16.67
Others
2
6.67
Total
30
100
Sources: Primary Data
Chart No. 7.7
INFERENCE
Based on survey, out of 30 respondents, 30 percent respondents are suffer from Hypertension disease, 16.67 percent respondents are suffer from Obesity disease, 23.33 percent respondents are suffer from Frequent Headaches disease, 16.67 percent respondents are suffer from none of diseases and 6.67 percent respondents have other diseases.
II) Respondents’ opinion on managing stress arising from work
Table No. 7.7
Particulars
No. of Respondents
Percentage
Yoga
7
23.33
Meditation
3
10
Entertainment
8
26.67
Dance
1
3.33
Music
10
33.33
Others
1
3.33
Total
30
100
Sources: Primary Data
Chart No. 7.7
INFERENCE
Based on survey, out of 30 respondents, 23.33 percent respondents are managing stress by Yoga, 10 percent respondents are managing stress by meditation, 26.67 percent respondents are managing stress by Entertainment, 3.33 percent are managing stress by Dance, 33.33 percent respondents are managing stress by Music and 3.33 percent respondents are managing stress by other activity.
Respondents’ opinion on any of following help to balance work and family commitment
Table No. 7.8
Particulars
No. of Respondents
Percentage
Support from Colleagues at workplace
12
40
Support from family members
15
50
Others
2
6.67
Total
30
100
Sources: Primary Data
Chart No. 7.8
INFERENCE
Based on survey, out of 30 respondents, 40 percent respondents able to balance their work and family commitment through support from colleagues at work, 50 percent respondents able to balance their work and family commitment through support from family members and 6.67 percent respondents able to balance their work and family commitment through others things
Respondents’ opinion on yearly Maser health check up provided by organization
Table No. 7.9
Particulars
No. of Respondents
Percentage
Yes
22
73.33
No
8
26.67
Total
30
100
Sources: Primary Data
Chart No. 7.9
INFERENCE
Based on survey, out of 30 respondents, 73 percent respondents agree that their organization providing them yearly Master Health check up, 27 percent respondents disagree that their organization providing them yearly Master Health check up.
HYPOTHESIS TESTING
I) Respondents’ opinion on Importance of work life balance
Table No. 7.2
Particulars
No. of Respondents
Percentage
Strongly Agree
11
36.67
Agree
10
33.33
Disagree
9
30
Total
30
100
II) Respondents’ opinion on factor of Work Life Balance is important for promoting Job Satisfaction
Table No. 7.2
Particulars
No. of Respondents
Percentage
Strongly Agree
9
30
Agree
12
40
Undecided
5
16.67
Disagree
4
13
Total
30
100
Ho: Job Satisfaction is dependent on work life
H1: Job Satisfaction is not dependent on work life
Expected Frequency
Job Satisfaction
Strongly Agree
Agree
Undecided
Disagree
Total
Work Life Importance
Strongly Agree
43.331.331.3310
Agree
43.331.331.3310
Undecided
43.331.331.3310
Total
12104430Chi-value: 0.807411713α = 0.1DF= (r-1)(c-1)DF= 2*3DF= 6Chi-value= 10.64
INFERENCE
From testing Chi test, we found that our observed value is smaller than critical value.Thus, Null Hypothesis is accepted.
FINDINGS
From the survey, the findings we found that:The employees are able to manage the work as well as their personal affairsThey are able to decrease stress level easilyThe employees are satisfied with the work life balance in their organizationWork life balance leads to the job satisfaction
SUGGESTION
Employees should learn to balance work and personal life to lead a happy life.Spirituality at the workplace has become a necessity in today’s world.To maintain work life balance in organization, manager must plan, prioritize and delegates workOrganization should help their employees in balancing work life balance, as this has an effect on the productivity of the organizationJob satisfaction of employee is also dependent on work life balance
LIMITATION OF THE STUDY
The researcher is fresher, so there may be some mistakes while collecting the data.The tool being Questionnaire; there should be chances that the personal biases of the respondents may come into picture while answering to the questions.The research studies the opinions of the employees through a Questionnaire; therefore there is an element of subjectivity present in the study.Time may be a constraint.
CONCLUSION
We undertook the project at the “CHEMBOND CHEMICAL LTD” for the topic of “WORK LIFE BALANCE OF EMPLOYEES” at work place. We found that the various programs undertaken related to manage the work life of an employee by the superiors are very effective in the company. The careful analysis of available data shows that the work life balance policies in CHEMBOND CHEMICALS LTD are more effective or less same with standard work life balance policies.
ANNEXURES
QUESTIONNAIRE ON WORK LIFE BALANCE
Name:-Age:-Designation:-Name of Organization:-How many days in a week do you normally work?Less than 5 days5 days6 days7 daysHow many hours in a day you normally work?7-8 hours8-9 hours9-10 hours10-12 hoursMore than 12 hoursDo you work in shifts?General shift/day shiftNight shiftAlternativeDo you ever miss out any quality time with your family or your friends because of pressure of work?NeverRarelySometimesOftenAlwaysDo you generally feel you are able to balance your work life?YesNo(I) Do you feel work life balance is Important?Strongly AgreeAgreeUndecidedDo you feel work life balance factor is important for promoting job satisfaction?Strongly AgreeAgreeUndecidedDisagreeHow do you feel about the amount of time you spend at work?Very unhappyUnhappyIndifferentHappyVery happyDo you ever feel tired or depressed because of work?NeverRarelySometimesAlwaysDo you believe that your superior support for your Work life balance?SometimesAlwaysRarelyCan you openly discuss issues related to your work life balance with your superior?Yes, all the timesYes, sometimesDepends on the matterNot at all(I) Do you suffer from any stress-related disease?HypertensionObesityDiabetesFrequent headachesNoneOthers, specify_______________If Yes then…(II) How do you manage stress arising from your work?YogaMeditationEntertainmentDanceMusicOthers, specify_________________Do any of the following help you balance your work and family commitments?Support from colleagues at workSupport from family membersOthers, specify___________Does your organization provide you with yearly Master health check up?YesNoDo you think that if employees have good work-life balance the organization will be more effective and successful?YesNoIf so how?
