Investing Time and Resources for Work–Life Balance: The Effect on Talent Retention

• Published in: International journal of environmental research and public health Vol. 17; no. 6; p. 1920
• Main Authors: Rodríguez-Sánchez, José-Luis, González-Torres, Thais, Montero-Navarro, Antonio, Gallego-Losada, Rocío
• Format: Journal Article
• Language: English
• Published: Switzerland MDPI AG 16.03.2020; MDPI
• Subjects: Baby boomers; Birth rate; Competitive advantage; Employee involvement; Employment; Globalization; Human resource management; Job satisfaction; Labor market; Retention; Social responsibility; Talent management; Wages & salaries; flexibility; training; work–life balance; valuable human resources; retention; talent
• ISSN: 1660-4601; 1661-7827; 1660-4601
• DOI: 10.3390/ijerph17061920

The study of work–life balance has undergone significant development in recent years as a result of changes in society and the growing importance of human resources (HR) for companies. Taking into account that human capital represents a critical success factor for businesses, the current context requires the development and implementation of HR management strategies aimed at attracting and retaining the most talented workers in order to obtain the expected results. The objective of this paper is to present an integrated model of work–life balance strategies, including the impacts of the different policies and practices on the retention of talented HR, which can be a basis for further academic developments on this subject, as well as a roadmap for managers. Hence, we will analyze a case study carried out in a multinational company—a leader in the technology and tourism sectors, and importantly dependent on valuable human capital, for which the HR strategy aims to improve the performance of the firm in the medium and long term through analysis, planning, and flexibility.