WORK-LIFE BALANCE

work-life balance
2020 Workplace Trends

There was a time when working late nights and weekends seemed like the prerequisite to earning more money, advancement, and recognition in the workplace. In a bid to earn more income, some employees would put in extra hours, sacrifice their time and extracurricular activities, and in some cases neglect their families.

However, that trend is rapidly effacing as employees now seek jobs that would give them better work-life balance and incentives that positively impact their wellbeing. 

As you may have rightly deduced, we are considering 2020 Workplace Trend #5, Work-life balance. 

According to Wikipedia, the term ‘work-life balance’ is recent in origin, as it was first used in the UK and US in the late 1970s and 1980s, respectively. Work-life balance is a term commonly used to describe the balance that a working individual needs between time allocated for work and other aspects of life. Areas of life other than work-life can include personal interests, family and social or leisure activities.

It is now apparent to employees that business is a shared value and as such, long-term job security and attractive salaries alone are no longer enough to make them stay in a job, but a flexible work schedule will. Talents now favour jobs that avail them time for family, friends, hobbies, and self-care. 

Giving credence to this point, HR services company Randstad maintains that job seekers of today claim good work-life balance invariably sway their decisions when evaluating an organisation. 

“Finding and keeping good staff can be difficult especially in a tight labour market. Employers who offer work-life balance and flexible work options are likely to have a competitive edge, gain access to a wider recruitment pool, and are more likely to hold onto existing staff.” – Employment New Zealand.

Employers who understand the importance of retaining top talents in their organisations know that one of the ways to do so is to keep them happy and satisfied – this is what has bolstered the work-life balance trend in the workplace. 

In a bid to appeal to suitable candidates, some organisations have begun to explore various strategies for flexible work schedules and related trends like remote work, compressed workweeks and onsite amenities to cater to employee well-being. 

They do this with the understanding that when people see them as being the employer of choice, it will give them a competitive edge for attracting the right candidates who will not only join their organisation but stay and grow with it.

When you make work-life balance part of your organisational policy, you can be sure that productivity will increase and your organisation will never be short of high performing talents.

Remote work

2020 Workplace Trends #2 Remote Work

Some weeks ago, we talked about training and upskilling as 2020’s #1 workplace trend. We also highlighted both micro and macro upskilling and concluded that talents remain and are loyal to organizations that take their training and development needs into consideration and make adequate provision for it.

This week, we are looking at the second workplace trend for 2020 – Remote Work.

Remote work is on the rise.

You may have heard some people refer to themselves as Digital Nomads, or mention that they are working or would be working remotely. The idea of working at a location other than one’s corporate office has been practicable since the last decade but is only recently becoming pervasive and 2020 will see it in the mainstream. 

The substantial advancement of multiple facets of workplace technology has given remote work an upper hand. Besides, the rise of new generations is impelling firms to redefine the modalities of work, and the odds are clearly in favour of remote working.” – Finance Online, 2019.

What is remote work?

Simply put, it means working at a location that isn’t your office, it is a work style that allows people to work outside a traditional office environment or corporate office setting. Remote work hinges on the notion that work does not need to be done in a specific place to be carried out efficiently.

Remote work eliminates productive time wasted commuting to and from work every day to sit at a designated desk or workspace to work; Instead, individuals can execute their tasks, smash their targets and exceed expectations from any location at all. 

Remote work gives professionals the flexibility to order their days in such a way that their professional and personal lives can be meaningfully experienced while coexisting in a way that one complements the other instead of impeding it as popular opinion erroneously suggests.

How to work remotely

“There has been a cultural paradigm shift in what society deems to be an appropriate workplace – and remote work has capitalized off of that newfound freedom.” – Finance Online.

The beauty of remote work is being able to choose from a wide range of options, the one that makes the most sense to an individual and aids their personal and professional goals. It also gives individuals the freedom to set their schedules to work at a time they are most productive.

Professionals can work remotely on workdays and only visit the office to attend in-person meetings and strategy sessions. On the other hand, certain days of the week could be set apart for talents to work remotely, maybe two or three days a week.

There is also the option of working out of coworking spaces which essentially act as hubs of technology, productivity and community. Coworking spaces provide a platform for networking, learning, sharing and business opportunities.

Benefits of remote work

Remote work offers professionals a more flexible lifestyle in which they can maximize every moment they have to do better. It also promotes better health and well-being; commute to work and back could be exhausting, to say the least, remote work provides recourse for exhaustion brought upon by daily commute and time spent in traffic. it saves money, especially because you no longer bear the cost of commute. It encourages employees to be resourceful, proactive and expand their knowledge base. It provides escape from office politics as well as a toxic work environment.

Remote work does not only benefit the employees; it also benefits the employer as it saves cost by reducing company overheads leading to more revenue.