The term has three vital components – ‘work’, ‘life’ and ‘balance’. In simple terms, “work” is normally conceived of in this context as including paid employment while “life” includes activities outside work. The term ‘balance’ too, lends itself to a variety of meanings. A simplistic definition of balance may be “sufficient time to meet commitments at both home and work” The demand for maintaining a work-life balance has risen unprecedentedly among the employees and the management has also acknowledged its importance in the current scenario. In future, work life balance will be one of the hot topics of debate in the boardrooms and is going to be a major area of concern for the management and HR professionals which they will be faced with. With increasing stress levels and demands at the workplaces, attrition rate in organization is increasing. Therefore, the present day organizations are required to create a flexible environment which would help employees to manage their work and family together. This paper brings forth such issues and practices prevailing among youth working especially for corporate companies.