Work-life balance is a concept that many employers are beginning to take more seriously. Maintaining this balance is critical to attract and retain employees in an increasingly competitive marketplace, along with other added benefits and work-related perks.

A key component of work-life balance is flexibility. "Smart Work," which one company says is "an act of production performed independent of time and place" with workplaces that "provide a number of benefits to organizations, communities, individuals and economic clusters," is becoming the norm. Thanks to technology, employees can now work anytime, from almost anywhere. Those employees are also expecting more from their employers.

Below are five ways you can invest in a "smart" workplace and stand out to the industry's top talent:

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