What is Work-Life Balance? Defining work-life balance involves looking at how working people manage time spent at and outside of work. Work-life balance refers to the level of prioritisation between personal and professional activities in an individual's life and the level to which activities related to. Work-Life Balance does not mean an equal balance. Work-life balance is a term used for the idea that you need time for both work and other aspects of life, whether those are family-related or personal interests. Definition of work-life balance: A comfortable state of equilibrium achieved between an employee's primary priorities of their employment position and their.