Seminar paper from the year 2015 in the subject Business economics - Business Management, Corporate Governance, grade: 1,0, Technical University of Munich (TUM School of Management), course: Advanced Seminar Marketing, Strategy & Leadership - Strategy and Organization: Health Leadership, language: English, abstract: Organizations all over the world have discovered that employee well-being is crucial for the success of their business and the trend towards a healthy workplace is also nudged by a new, demanding generation of employees entering the workforce, millennials. While various actions and programs can facilitate employee well-being, the focus of this seminar paper lies on a particular facet of work/life balance, namely workplace flexibility. In the following, it points out the benefits of flexible working possibilities for both workers and organizations, explains how leaders can foster well-being through workplace flexibility and also takes challenges and downsides that may emerge into account.