The Institute of Chartered Accountants of India (ICAI) has formed a dedicated group to address work-life balance and stress management for Chartered Accountants, following concerns over excessive work pressures in the profession. Led by Mrs. Seema Gerotra, this initiative aims to implement measures to alleviate stress and promote well-being. ICAI President, CA Ranjeet Kumar Agarwal, highlighted the importance of employee health for organizational success and urged companies to adopt balanced work policies. ICAI has long supported the well-being of its members through health programs, stress management webinars, and yoga sessions. It now plans to expand these initiatives with workshops on mindfulness and emotional health, stress management collaborations with health institutions, flexible work models, peer support networks, and a counselling helpline. ICAI remains committed to creating a supportive professional environment where Chartered Accountants can maintain a healthy balance between personal and professional life.
Public Relations Committee
The Institute of Chartered Accountants of India
30th September, 2024ICAI Press Release
ICAI Stands Committed to Chartered Accountants’ Well-being; Forms a Group to Address Work-Life Balance & Stress Management
In the wake of recent incidents highlighting the tragic consequences of excessive work pressures faced by professionals, including Chartered Accountants, the Institute of Chartered Accountants of India (ICAI) reaffirms its commitment to addressing the urgent need for work-life balance and stress management within the profession. The increasing demands placed on professionals across industries have raised widespread concerns regarding the detrimental effects of high-pressure environments on personal health and professional efficiency.
To tackle the rising concerns around work-life pressures, ICAI has formed a dedicated group headed by Mrs. Seema Gerotra, Additional Director on Work-Life Balance & Stress Management to introduce measures aimed at improving work-life balance and managing stress within the profession.
Addressing this pressing issue, CA. Ranjeet Kumar Agarwal, President, ICAI emphasizes the importance of employee well-being for multinational corporations and organizations. He stated, “Employees are the backbone of any organization, and their well-being is essential to its long-term success. We strongly urge Organisations to implement balanced work policies that promote employee health and reduce stress. By prioritizing the mental and physical well-being of their workforce, organizations can foster a more productive, resilient, and innovative environment.”
ICAI has long recognized the challenges of stressful work conditions and has proactively implemented various measures to support the well-being of its members and students. The Institute has organized numerous health and wellness programs, including health awareness camps, webinars on stress management, yoga sessions, motivational conferences, walkathons, marathons, all aimed at promoting mental and physical wellness. ICAI remains committed to the holistic well-being of Chartered Accountants, both professionally and personally. A Grievance Redressal Cell is already in place to address concerns from members, students, and employees, with efforts underway to enhance the system for more structured and empathetic resolutions.
In addition to the above, ICAI has introduced further initiatives to promote a healthy work environment for its members and employees.
- Work-Life Balance Awareness Programs & Mental and Physical Wellness Campaigns: ICAI will continue to conduct regular workshops, webinars, and awareness campaigns promoting physical activity, mindfulness, and emotional well-being with a focus on managing professional commitments while maintaining a balanced personal life.
- Comprehensive Stress Management Initiatives: ICAI, in collaboration with health institutions, will introduce stress management programs, including counselling services and mental health support for members and students.
- Collaboration with Industry: ICAI will work with industry partners to promote flexible work models such as remote working, flexible hours, and wellness programs, helping members balance their professional and personal commitments.
- Peer Support Networks: ICAI will develop peer support networks where members can share experiences, seek advice, and collaborate to address challenges related to stress management.
- Special Counselling Helpline: ICAI plans to introduce a counselling help desk within its National Call Centre (9997599975) dedicated to assisting members with stress management and work-life balance concerns.
Addressing work-life balance is an ongoing endeavor that demands sustained focus and collaboration. ICAI is committed to fostering a supportive professional environment that prioritizes the health and well-being of its members and employees, ensuring they thrive both personally and professionally.
About ICAI The Institute of Chartered Accountants of India (ICAI) is a statutory body set up by an Act of Parliament under the Chartered Accountants Act, 1949 for the regulation and development of the profession of Chartered Accountancy in India. The Institute functions under the administrative supervision of the Ministry of Corporate Affairs, Government of India. With around 9.85 lakh students and over 4 lakh members, today ICAI is the largest professional accountancy body in the world. ICAI has a wide network of 5 Regional Councils and 177 Branches within India and a global presence with 50 Overseas Chapters and 31 Representative Offices spanning 81 cities across 47 Countries worldwide.
