ABSTRACT:
In today’s highly competitive business world, the capability to attain work-life balance has become more complicated. Developing a healthy work-life balance benefits employees' relationships and general health, but it can also boost productivity at work. Work-life balance is the pharmaceutical industry's current special concern. While striving for success and advancement at work, employees also want to make time for their families and hobbies. Employers have realised that finding a balance between these two extremes is crucial to preventing employee burnout. As a result, they are implementing work-life balance plans, strategies, and policies to boost staff morale, motivation, and productivity. Work-life policies help employees stay with the company longer and lower absenteeism. The study articulates the various issues and initiatives related to work-life balance concerning the pharmaceutical companies. In the recent times, the pharmaceutical sector has experienced boom and has generated significant levels of employment. This sector is driven by intense competition for higher levels of productivity and thereby creating pressure on the employees to continuously enhance their performance levels. This has resulted in the employees experiencing high level of stress due to conflicting interest of work and personal life. This has thrown up the need for extensive research in the area and to identify the factors leading to work-life imbalance and the current status of organisational practices to deal with this fact in the pharmaceutical sector.