Due to globalization, environment at workplace has constantly been changing with changes in socio-cultural level. It has created an imbalance in work and personal lives of employees all over the world. Growing demands at job, fear of job loss, increasing stress levels due to the never-ending workday, increasing family expectations etc., have made work-life balance an impossible feat. It has affected the overall physical and psychological health of employees and deteriorated family-life. If employee and organization both make efforts to overcome this imbalance, it does not only benefit the employee, but also the organization. If work-life balance is introduced to the employee, the organization will face less absenteeism, unpunctuality and turnover of staff. Also, there will be increased retentivity of worthy employees, higher rate of loyalty of employees, devotion for the institution, better output and escalated reputation of the organization. Therefore, there is a necessity to bring about a flexible environment which would help employees to manage their work and family together. However, this paper attempts to put light on the strategic initiatives in Indian context that an individual can take and improve the balance between his/her work and life.

KEYWORDS: Globalization, Socio-Cultural Level, Psychological Health, Work-Life Balance.