Economics of Workplace Flexibility Free Sample †MyAssignmenthelp.com

Question: Discuss about the Economics of Workplace Flexibility. Answer: Introduction: The given article provides information related to the issues associated with work life balance in order to understand the effect of person-organisation fit on the outcomes of individuals. This is considered as a new approach for the purpose of investigation of interactive cognitive mechaniusms related to person-organisation fit in order to find its influence on work-life balance. Person organisation fit refers to the existence of the compatibility between individual and organization. This can be achieved when both organization and individuals share some fundamental characteristics. The article mainly focuses on provision of achieving a good balance between work and personal life by individuals (Seong 2016). This article only focuses on work life balance and establishment of a fit between person and organization. This article only consider the influence of person- organization fit on different domains of life of a person. The other assumption is that readers of the article get knowledge or information regarding the factors that influence work-life balance and helps in establishing a fit between person and organizational needs. In addition to this, the other limitation is that the readers will get the knowledge regarding the relationship that exists between work-life balance and person-organization fit. Besides this, the other assumption is that it also examines the three way interaction among self efficacy, perceptions of family supportive organizations and person organisation fit for the purpose of prediction of the work-life balance (Chick, 2004). The researcher has used mixed method of data collection i.e. a combination of primary and secondary sources of information. There is a use of survey through questionnaire method to collect the data from 1500 employees of a manufacturing firm in Korea. Afterwards, the sample of 765 employees has been chosen from 1500 employees as many of the participants have not responded to the questionnaire. Besides this, the information is also collected related to different aspects of the research topic from the available published sources such as journal articles or prior research works in order to create the background of the research study (Seong 2016). It is found out in the article that there is a presence of significant relationship between work-life balance and person-organisation fit. Besides this, it is also found out that there is an existence of strong relationship between person-organisation fit and work-life balance when there is a presence of high self efficacy as compared to when self efficacy is low. Along with this, when the perceptions of family supported organizations is low then there is a presence of strong relationship between person-organization fit and self efficacy. In addition to this, it is also found out that presence of person-organization fit help employees to manage trheir family issues in an effective manner (Seong 2016). There are different ideas that are discussed in the article which relates to the concepts discuss in the management subject such as work-life balance, self efficacy and person-organization fit. Work- life balance refers to the activities performed by the professionals to maintain a balance between their professional and personal life. Nowadays, companies provide different facilities such as flexible working hours which help employees to maintain a good work-life balance. Besides this, self efficacy is the efficiency of the employees that helps in increasing their productivity in the organization. There is an existence of strong relationship between person-organization fit and self efficacy (Seong 2016). The potential contribution of the given article is that it provides comprehensive information related to different concepts associated with management or organizational theory. Readers of the article get information related to various aspects of human resource management and organizational behavior. This article is helpful for human resource managers as it discusses different factors that influence the performance and productivity of different individuals working in an organization. Existence of strong relationship between work-life balance and person-organization fit facilitates in increasing the productivity of the individuals. When an organization uses family supportive policies in the organization then there is an increase in the productivity of the employees as they can easily make a balance between their work and personal life ((Seong 2016). If the values of employees meet with the outcomes of the organization then it results in increase the job satisfaction of the employees. In addition to this, it also results in an increase in the level of commitment of managers and employees of the organization. This is because it results in building a sense of belongingness among the managers of the organization. In addition to this, execution of the work life balance strategies in the organization facilitates in providing solutions to the problems faced by employees. It also helps in handling the ethical dilemmas of the members of the organization (Walden University, 2007). Besides this, it also helps in reducing the negative impact on the employees related to the disturbances created by the business environment. It help employees to use their judgement abilities for the purpose of solving the problems faced by them. Nowadays, organizations focus on involving employees in the decision making process which helps in increasing their self esteem in the organization. This motivates them to achieve the common goal of the organization effectively and efficiently (Klpping, 2012). Managers in order to reduce the negative impact of ethical delimmas can execute and adopt new changes in the processes and procedures so that the mistakes and fraudulent activities carried out by the employees. Provision of flexible working hours to employees helps them to maintain a good balance between their work and family life. This has resulted in increasing their satisfaction level and improving their productivity and performance (Flechl, 2010). The five terms that are used to search peer reviewed journal article for the purpose of exploring information related to the theory discussed in the article include importance of work-life balance, relationship between person-organization fit and work-life balance, self efficacy and work-life balance, family supportive organization perceptions, and factors that influence work- life balance (Romer, 2011). In order to reduce the occurrence of the conflict between work and home life, companies are using work life balance initiatives in the organization. This has resulted in the reduction of job dissatisfaction in terms of employee turnover (Smith Gardner, 2007). Direct Quote from second peer reviewed article mentioned in Question 9 Work-life balance has emerged as a major theme during the last two decades, which witnessed a substantial intensification of work caused by economic uncertainty, organisational restructuring, and increase in business competition (Hughes Bozionelos, 2007). References Chick, E.D. 2004. Fundamentals of Work-Life Balance. American Society for Training and Development. Flechl, V. 2010. Work Life Balance - A Comparative Study of Women in Senior Management Positions in Austria, Denmark and Great Britain. GRIN Verlag. Hughes, J. Bozionelos, N. 2007. Work-life balance as source of job dissatisfaction and withdrawal attitudes. Personnel Review 36(1), 145-154. Klpping, L. 2012. Work-Life-Balance. GRIN Verlag. Romer, C. 2011. Work-Life Balance and the Economics of Workplace Flexibility. DIANE Publishing. Seong, J.Y. 2016. Person-organisation fit, family supportive organization perceptions and self efficacy affect work life balance. Social behaviourand personality 44(6), 911-922. Smith, J. Gardner, D. 2007. Factors Affecting Employee Use of Work-Life Balance Initiatives. New Zealand Journal of Psychology 36(1), 3-12. Walden University. 2007. Stratified Roles: The Implications of Work-life Balance on Male Executives. ProQuest.