![]() Why would people choose balance over pay? ![]() “I imagine it would be higher, but given a cost of living crisis and soaring inflation, for many this is simply unachievable,” says Carr, adding that organisations should view the data as a “call to action” to create cultures that enable and “value work-life balance and provide greater flexibility”. So why is work-life balance more important than pay at a time when wages are not matching inflation?ĭr Melissa Carr, director of equity, diversity and inclusion at Henley Business School's World of Work Institute, says it is an aftershock of the pandemic, which left people feeling “fatigued”, wanting to “take stock and re-evaluate” their lives – but caveats that the figure of those wanting better work-life balance over pay would likely be higher if it wasn’t for the economic climate. Interestingly, the Aviva research also found that, before the pandemic, employees valued pay over work-life balance. An earlier report from Aviva in September last year found that two fifths (41 per cent) of employees were attracted to their current role because of the work-life balance – which is five percentage points higher than those who cited salary. ![]() It found that a third (33 per cent) of workers consider work-life balance to be the most “crucial consideration” when looking for a job.īut that’s not all. As the cost of living causes many employees to ask for a monthly pay boost from their employer, and pay disputes in the private sector spark a wave of industrial action across the UK, new research has found work-life balance could trump a higher wage.Ī recent report by Hays revealed that more than half (56 per cent) of employees are willing to accept a lower-paid job in exchange for a better work-life balance. ![]()
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