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ERGs can foster employee satisfaction because employees feel better about going to work when they know that their company has a legitimate interest in issues that are meaningful to their personal life. [4] It is because of this increased employee satisfaction that companies with affinity groups are often rated some of the best places to work. [4]
It results in increased productivity, reduced absenteeism, and enhanced physical and mental well-being, as employees exhibit higher commitment and motivation towards their work. Companies that promote a healthy work-life balance, provide mental health support, and encourage overall well-being tend to have more productive and engaged employees ...
For example, an alternate compensation package that provided a risk-free benefit might elicit more work effort, consistent with psychologically-oriented prospect theory. [5] But a personnel-economics analysis in its efficiency aspect would evaluate the package as to cost–benefit analysis, rather than work-effort benefits alone. [6]
Older workers may also be a solution to high burnout rates. Research suggests a fourth of the workforce faces burnout symptoms such as feeling overwhelmed, anxious, or distressed, which can lead ...
Diversity, in a business context, is hiring and promoting employees from a variety of different backgrounds and identities.Those characteristics may include various legally protected groups, such as people of different religions or races, or backgrounds that are not legally protected, such as people from different social classes or educational levels.
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Work–family enrichment occurs, when ones involvement in work provides skills, behaviors, or positive mood which influences the family life in a positive way. Family-work enrichment, however, occurs when ones involvement in the family domain results in positive mood, feeling of success or support that help individuals to cope better with ...
The non-work activity is not limited to family life only but also to various occupations and activities of which one's life is composed. Scholars and popular press articles have started promoting the importance of maintaining a work–life balance beginning in the early 1970s and have been increasing ever since. [34]