Work life balance and Retention: Literature review

Retaining employees is burning issue of current times. When an employee leaves an organization, the organization has to bear costs associated with the recruitment, training and replacement of the employee who leaves the organization. There are various reasons associated with employee turnover and work life balance is one of the most obvious reason for it. Individuals need to meet out their personal as well as professional commitments in order to live balanced lives. The organizations who fail to acknowledge this fact will continue to face consequences in the form of high turnover, lower commitment from employees and reduced employee retention. It is need of time for the organizations to design work life balance strategies so as to retain key employees. The aim to the study is to review the literature related to work life balance and employee retention and suggest measures to have better retention of employees. It is a descriptive study in nature is drawn from secondary sources.