Work-life balance and its impact on employees overall performance

Abstract

ACI was established as the subsidiary of Imperial Chemical Industries (ICI) in the then East Pakistan in 1968. After independence the company has been incorporated in Bangladesh on the 24th of January 1973 as ICI Bangladesh Manufacturers Limited and also as Public Limited Company. This Company also obtained listing with Dhaka Stock Exchange on 28 December, 1976 and its first trading of shares took place on 9 March, 1994. Later on 5 May, 1992, ICI plc divested 70% of its shareholding to local management. Subsequently the company was registered in the name of Advanced Chemical Industries Limited. Listing with Chittagong Stock Exchange was made on 22 October 1995. Advanced Chemical Industries (ACI) Limited is a conglomerate that has spread its wings in pharmaceuticals, consumer and commodity, agricultural and packaging products. It also has extended into retail business. With seventeen SBUs and eight functions, it has an employee strength of around eight thousand. The yearly revenue of the company is around USD 280 million. Being a socially responsible corporation, ACI finds ways to return some of its reward to the community. ACI is committed to the development of the community, protection of the environment and in bringing about qualitative improvements in the workplace for its employees. In 2012, ACI continued some sustainable projects that had been started earlier and also initiated some new activities. As a part of ACI’s CSR approach, “Adopt a Village”- this program has further expanded into 11 villages by using the experience of the pilot project. ACI endeavors to improve the living standard of the rural community by spreading the project across the country. (ACI Limited, 2013) This report on work-life balance and its effect on employees overall performance focuses on the organizations work environment and the employees acceptance to it. Based on anonymous interview on some employees of the Agribusiness department of ACI Limited indicates that sometimes their busy work schedule hamper their daily life due to immense work pressure as well as it often decreases their work spirit as a result they lack confidence more often which basically creates performance gap. In solution with the problem, some possible solution could be flexible work arrangements thus proper work environment and monthly recreational program as well as performance appraisals for overtime or dedication to work. The report recommends both for the organization and the employees about which path and procedure will be beneficial.