Employees in this industry also report a score of 3.67 out of 5 for life/work balance, which despite being the 14th highest score out of all industries, is still a decent rating. This industry also ranks among the top 10 industries for job satisfaction, with employees reporting an average score of 3.85 out of 5. The Finance and Insurance industry ranks in the top 10 for number of days annual leave, with employees granted an average of 27 days a year to spend away from their jobs. Preventing burnout is easier when employees have plenty of opportunities for time away from work. The BBC reports that fewer weekly working hours can help employees feel more rested and more able to juggle their responsibilities outside of work, as well as keep burnout at bay, making this metric key to a good life-work balance. The Construction sector has the highest weekly working hours at just under 40. In addition to salary, the average weekly working hours in the Finance and Insurance industry sits at 35 hours, which is slightly lower than the average number worked by full-time workers in the U.K. With the cost of living on the rise at the moment, how much you earn is incredibly important to achieving a positive life-work balance. For example, the industry has the highest average salary at £62,244, which is over four times the salary of those working in Accommodation and Food Services, who receive an annual salary of £15,048. Whilst this may seem surprising, there are a number of areas where Finance and Insurance ranked above other sectors. Our analysis reveals that the industry offering its employees the best life-work balance across all metrics analyzed is the Finance and Insurance sector. Overall Life-Work Balance Score (out of 10)Įxtraterritorial Organizations And Bodiesįinance and Insurance industry is the best for life-work balance The table below ranks the best industries to work in for a healthy life-work balance. To prevent these situations from arising, employers should follow in the footsteps of companies in our top three best industries for a healthy life-work balance. Consistently poor life-work balance can cause lasting damage to a company’s culture, resulting in poor job satisfaction levels, high absenteeism, decreased quality of work, and a high employee turnover rate. Some people even feel a need to replace the time that they would have spent commuting to and from work with extra tasks, which means they’re starting earlier and finishing later - and, often, never fully logging off.Įmployees and employers should both care about addressing this problem. In the era of asynchronous work, “work hours” may not even exist for many companies.Īsynchronous work and location flexibility provide incredible freedom, but they can also create pressure to always be available, making it more difficult to achieve a real life-work balance and truly switch off outside work hours. Communication technologies such as Slack and Zoom mean we’re able to contact (and be contacted by) work colleagues at home and outside of work hours. Since March 2020, the lines between work time and personal time have become blurred like never before. While work-from-home policies have given employees more freedom over their schedules, those same policies have also made it much harder for some people to switch off and stop working. The best industries for healthy life-work balance
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