Work/Life Balance for Executive Retention

More men have reached a point where preserving or increasing their personal time is more appealing than bigger jobs and more money. According to a study by the ‘Association of Executive Search Consultants’, more than half of senior executives surveyed would strongly consider refusing a promotion if it meant fewer hours available for their personal lives. This is supported by findings from the ‘2009 BlueSteps Executive Mobility Survey’ which shows that despite the current economic climate, 75% of currently employed executives are likely or very likely to consider a new job opportunity. Lack of work/life balance was rated as important by both male and female respondents when deciding whether to leave their employer (83% of males and 81% of females rated this factor as somewhat important or extremely important). “There is a fundamental shift in the workforce and its composition,” says Cathleen Benko, the vice chairman and chief talent officer at Deloitte. “There was a misalignment between expected norms of the workplace relative to the needs of the workforce.”

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