Job aspirants from 2020 to 2023 sought employers who valued and prioritized work-life balance. The COVID-19 pandemic accelerated trends toward remote work, prompting candidates to prioritize flexibility and a healthy work environment.
Aspiring professionals increasingly considered companies that embraced remote or hybrid work models, recognizing the importance of accommodating personal life alongside career goals. Employers that demonstrated empathy and support for employees’ well-being gained a competitive edge in attracting top talent.
Candidates were prioritizing Work-life Balance, Company Brand Value, Compensation & Benefits, Learning Opportunities for Professional Growth, etc as their top preference before joining a new company in the last couple of years.
Surprisingly, according to a LinkedIn survey conducted by SightsIn Plus “What do candidates look for in a company before joining?” 44% of people feel “Compensation and Benefits“ is their top preference. Work-life Balance holds 3rd preference in the survey.
Work-life Balance and Well-being at the workplace
Here are the Top 3 reasons why companies should elevate Work-life Balance at the workplace.
- Employee Well-being: Achieving a work-life balance is crucial for maintaining and improving the overall well-being of employees. Balancing work and personal life helps prevent burnout, stress, and exhaustion, contributing to better physical and mental health.
- Increased Productivity and Engagement: A healthy work-life balance positively impacts productivity and job satisfaction. When employees can manage their time effectively and have time for personal activities and relationships, they are more likely to be engaged, motivated, and focused during working hours.
- Talent Attraction and Retention: Work-life balance is a significant factor in attracting and retaining top talent. Organizations that prioritize and support a healthy balance demonstrate a commitment to their employees’ overall quality of life, making them more appealing to prospective candidates and fostering loyalty among existing staff.
Return to Office in 2024
This week, Stanford economist Nick Bloom declared that “Return to Office” is dead and remote work is here to stay despite in-person mandates.
He took X-formaly Twitter and wrote, “Levels of WFH [working from home] were falling throughout 2020 to 2022, and office occupancy was rising,”. That trend ended in 2023, with both now pancake-flat. Return to the Office is dead.
The latest data from the Census, SWAA, and Kastle show that the trend of decreasing levels of WFH and increasing office occupancy has ended, with both now remaining flat. This suggests that the return to the office is no longer happening.
WFH levels have become “flat as a pancake”. The latest Census, SWAA, and Kastle data all show the same thing. Levels of WFH were falling throughout 2020 to 2022, and office occupancy was rising. That trend ended in 2023, with both now pancake flat. Return to the Office is dead.