Work Life Balance Retention (WLBR) Model – A Weapon to Retain Hi-Tech Employees

This paper presents an integrated model of retaining IT professionals in the organization. Nowadays, the competition among the hi-tech companies is increasingly focuses on the competition in hi-tech employees. In today's fast paced society and an intensely competitive environment, the Human Resource Managers are seeking options to improve employee morale, retain hi-tech employees with valuable technical knowledge and keep pace with workplace trends. If the HR Managers of IT firms will not be careful, it will result in the outflow of innovative and technical employees who are regarded as the core of human resources for the organizations. Therefore, the outflow of the hi-tech employees counts a lot to the organizations and they examine the means of talent retention. This paper emphasizes on an important weapon in the form of Work Life Balance Retention (WLBR) Model to retain the hi-tech employees through encouraging Work Life Balance in the organization. WLBR Model reveals that work-life balance is both important for the organization and for its employees particularly in current dynamic organizational scenarios. It helps the organization to improve productivity, efficiency, competitiveness, morale and hence gain a competitive edge. Similarly employees are benefited from work-life balance initiatives through increased motivation to work, enhanced satisfaction, empowerment, commitment and ultimately retention in the organization