1 achieving work-life balance in a trend-setting industry barbara marchetti c-suite 212.966.1383
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Achieving Work-Life Balance in a Trend-Setting Industry
Barbara Marchetti C-suite
www.c-suiteinc.com 212.966.1383
The Quest for Work-Life balance
Employees seek to “find it”
Employers seek to “facilitate it”.
Daunting
Barbara Marchetti C-suite www.c-suiteinc.com
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Work - Life
How does one define it?
What does it entail?
Why be concerned?
The effect on employee retention
Barbara Marchetti C-suite www.c-suiteinc.com
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Who is responsible for creating this??
H.R.
Operations
Senior Managers
Executives
Owners
Barbara Marchetti C-suite www.c-suiteinc.com
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Employee Retention
An effort by employers to create and foster an environment that encourages current employees to remain employed.
Must address diverse needs.
Replacement costs usually are 2.5 times the salary of the individual.
Other costs associated with turnover: lost customers, business and damaged morale.
For every $100K in salary – net/net $1M sales.
Barbara Marchetti C-suitewww.c-suiteinc.com
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The Disconnect
Throwing dollars at a problem that is rooted “emotionally” and serves as the foundation for the quest for happiness reinforces the sad fact that most executives, those entrusted to positions of leadership, simply don’t “get it”.
Barbara Marchetti C-suitewww.c-suiteinc.com
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How ‘bout that Generation Gap
Boomers
Gen X
Gen Y
Barbara Marchetti C-suite www.c-suiteinc.com
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Gen X- 1965 - 1980
Accept diversity
Pragmatic/practical
Self-reliant/individualistic
Reject rules
PC/technology
Latch-key kids
Friend-not family
They require:
Casual, friendly work environment
Involvement
Flexibility and freedom
A place to learn
Barbara Marchetti C-suite www.c-suiteinc.com
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Gen Y – Born to Boomers1980-200075 million (sometimes referred to as Millenials)
Optimistic/realistic
Individualistic
Rewrite the rules
Internet
Multitask
Nurtured
Friends = family
They require:Structured, supportive workenvironment
Personalized work
Interactive relationship
Be prepared for demands, highexpectations
Barbara Marchetti C-suite www.c-suiteinc.com
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Perception varies
Each person’s perception of work life balance varies – more so by generation.
As employers we need to create an environment conducive to enabling our workforce to achieve balance.
Don’t ask/don’t care.
A one size fits all approach will not work.
This comes from the top/down.
Barbara Marchetti C-suite www.c-suiteinc.com
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Contact Information
Barbara Marchetti, President
C-suite
www.c-suiteinc.com
212.966.1383; [email protected]
Retained Executive Search firm for fashion, retail and beauty.