Work-life balance is still a very trendy topic in the workforce as employees seek jobs that still give them the balance they need. Trends in recruiting often come and go as candidates’ needs change and the economy inevitably shifts. For several years, one trend has consistently topped the list of recruiting-related concerns — work/life balance. Of course, the massive shift toward remote has irrevocably changed the meaning of work/life balance, which prompts an important question — is work/life balance still relevant in 2023?
Work-Life Balance and Why It Is Needed
Find out why work-life balance is still important, and see how your clients can use a professional liability policy to minimize staffing risks.
Professional Liability Coverage Can Empower Employers
Professional liability coverage is the best form of staffing insurance for companies that recruit and staff for other businesses. Unfortunately, many liabilities emerge throughout this process, including allegations of hiring discrimination, employee misclassification, and violations of the Equal Employment Opportunity Act. Although work/life balance is important, minimizing these liabilities is even more essential. A robust insurance policy can minimize potential losses from these common risks, empowering employers to focus more on cultivating the work/life balance that employees want.
Employees Still Want Better Work/Life Balance
Many employees are working from home or working only part-time rather than full-time. Thus, work/life balance appears less important than it once was. Research shows, though, that this clearly is not the case. Most job seekers say that work/life balance is the most important quality they look for when applying for new positions. It is true even for remote workers and part-time employees. The verdict is that if businesses and staffing agencies want to recruit top talent, they must demonstrate a commitment to their employees’ ability to re and maintain a healthy work/life balance.
Work/Life Balance Can Improve Productivity
Employers and staffing agencies should also know that fostering employees’ work/life balance can inspire them to be more productive. Indeed, workers who maintain a healthy work/life balance generally exhibit better work performance because they experience a better mood, less stress, and more energy. All these traits can be incredibly beneficial to employers, so it’s a worthwhile investment to help employees achieve a more balanced life.
Professional Liability Policies Minimize Risks
Even if a company invests effort and resources into facilitating employees’ work/life balance, many liabilities may emerge throughout the recruiting and hiring process. Unfortunately, work/life balance cannot eliminate these risks, and employers must take additional steps to protect their company from loss. Investing in a professional liability policy is the best way to achieve this and reduce many risks that affect employers. You can help your staffing agency clients combat liability by tailoring a comprehensive insurance policy to their specific needs.
About World Wide Specialty Programs
For the last 50 years, World Wide Specialty Programs has dedicated itself to providing the optimal products and solutions for the staffing industry. As the only insurance firm to be an ASA commercial liability partner, we are committed to that partnership and are committed to using our knowledge of the industry to provide staffing firms with the best possible coverage. For more information about Staffing Professional Liability Insurance or any other coverage, we have available to protect your staffing business, give us a call at (877) 256-0468 to speak with one of our representatives.