This generation is the posterchild of worklife balance. Pdf previous studies show a significant attitudinal difference between the generation y gen y and others in the. Factors that affect generation y workers organizational commitment lim xtn yi a research project submitted in partial fulfillment of the requirement for the degree of master of business administration universiti tunku abdul rahman faculty of accountancy and management september 2014. A global study on worklife challenges across generations ey. Work life balance wlb and flexibility in paid work fpw for generation y. It was through that effort that i was introduced to the concept of worklife balance. As it is about the present and future generations, corporate success and the competitive. According to a new survey, a majority of generation y workers people in their 20s and early 30s not only want their workplace to. Factors that affect generation y workers organizational. Most law firms, inhouse counsel, and other legal employers have four generations of lawyers working together, and each generation has differing views on career development, motivation, loyalty to the employer, client relations, communication styles, interactions with peers, and work life balance. Millennials blur the lines between their work and personal lives.
The way gen y approaches job and career has created not a little workplace. Pdf work life balance wlb and flexibility in paid work. With this generation of employees poised to enter the workforce in the next five years, employers face an. Millennials dont want work life balance published on april 7, 2015 april 7. Drye notes both that this generation is both unafraid to ask for things older generations didnt. With baby boomers retiring soon, banking organizations will ultimately need gen yers more than ever before. Worklife balance implications for working women by. And you have probably heard the need for better worklife balance. Exploring generation y leaders motivation and retention. The primary research analyzes whether generation y in croatia has work life balance and flexibility and whether correlation between the two exists. Exploring generation y leaders motivation and retention within the service industry by jason e. As a term in its own right worklife balance is rarely defined for reasons that will become clearer as the discussion progresses. As sturges and guest 2004 found, generation y can be quite up front about achieving a good worklife balance and enjoy a full and balanced life with work not being a barrier for them to live a happy life. However, a surprising proportion of our time was spent trying to protect the wellbeing of our residents.
According to a new survey, a majority of generation y workers people in. Many authors attempt to define worklife balance policy or worklife balance arrangements. The university of texas at tyler may 2014 with the recent addition of generation y. Generation y is driven by a strong preference for worklife balance.
Formats pdf the team built the survey with assistance from the bush. Generation y, also known as the net generation and the increasing number of dualcareer couples in the workforce. A discussion article pdf available january 2014 with 96 reads how we measure reads. Gen y insists on worklife balance despite recession. Retention and attraction strategies are an important means for attracting and retaining skilled employees particularly in areas where there is a high staff turnover, difficulties in recruiting and retaining skilled staff, a. Following on from looking at technology in my last article, we now look at another characteristic of generation y a desire for worklife balance. Each new generation gets slammed when it first comes to work. Meeting the demands of an increasingly complex world means.
You have probably heard that families today are struggling and more stressed than ever. Workfront survey uncovers the generational differences in perception of worklife balance baby boomers and millennials agree that technology is killing the family dinner but disagree on. Gen y insists on worklife balance despite recession cbs. Their attitudes toward work, the keys to retaining them, and the unique contributions. As thought leaders in all things gen y we know exactly what they want from the workplace and we can help your business retain that key talent.
Worklife balance is a relatively new concept in the field of medicine and is considered by many to be a generational desire. The new kids on the block 1832, this group has two aliases. Are millennials redefining the balance between work and life. Pdf previous studies show a significant attitudinal difference between the. A study of different generations and their perceived. Sample n205 completed an online survey and results show that there is. Pwc refers to the network of member firms of pricewaterhousecoopers international. Definition of worklife balance work and life have fuzzy defi nitions in literature guest 2002 where work is paid employment and life is everything outside of the formal employment but is usually used to. They want to spend as much time as possible with their baby but also have financial obligations. How will you inspire the best from this generation of passionseekers. Mason donovan tackles these challenges in his new book, the golden apple. They are at risk of losing some of their most valuable talent. Y and z generations at workplaces pdf file journal of.
Work life balance definition of work life balance by. How will we answer in 2030 to the question what are you doing today. Boomers were labeled lazy hippies and the me, me, me generation. A new ey study finds that millennials particularly millennial parents are so serious about finding worklife balance, theyre willing to relocate if it means finding a job that offers it millennials are an influential generation, perhaps as influential in their time as the baby. The millennial generation, born between 1980 and 2000 now entering employment in. The purpose of this study is to find what is imperative to generation y when it comes to worklife balance and job advancement in the workplace. Sometimes balancing work and family life requires a bit of creative thinking. People can live longer, healthier lives because of technological advancements.
Furthermore, generation y value freedomrelated items and are prepared to leave an organisation if their needs are not met. Exploring generational differences between generation y and baby boomers in worklife balance afton smith barber committee chair. A definitive guide to finding a job with good work life balance. Generation y influences how they view many aspects of life erickson 2008. This generation is the first to enter the workforce with. The importance of worklife balance technology has improved peoples lives in many different ways. The role of worklife balance practices in order to. Nevertheless it is possible to discern a number of distinct strands. How are worklife balance wlb and personal wellbeing experienced within the elderly care, home care and maternity care ehm sectors and how are they affected by organizational operations, and how can organizational policies and practices be improved to reach a better balance between. Gen y wont be slaves to the clock or chained to a desk, and they demand feedback.
If you want to keep your boomers engaged, allow them to work as many hours as they want, set up mentorship programs and let them complain about worklife balance. Generation y witnessed a number of attacks by domestic and foreign terrorists, including the oklahoma city bombing and the events of september 11, 2001. Millennials are looking for a good worklife balance and strong. Part of that is to better understand the worklife balance needs of team. For generation y, worklife balance is still a metaphor. Everyone talks about worklife balance, but will millennials be the ones to really make it happen. Wiggins mba, city university, 2004 ba, washington state university, 2001 dissertation submitted in partial fulfillment of the requirements for the degree of doctor of philosophy applied management and decision sciences walden university. Clarke, et al 2004, 121 to understand worklife balance, it is important to be aware of the different. As the worklife balance changes for gen x, the way we work and how we work is being challenged by our younger colleagues. In addition, according to the 2014 survey of 104 media on employer brand in taiwan, key factors for newly graduates to seek jobs are working environment, compensation, and most importantly, worklife balance wlb. Balance means a state of equilibrium, a stable relationship between two forces of equal magnitude and in opposite directions, but for generation y the personal. Many of us today are struggling to balance fulltime jobs with fulltime responsibilities at home.
Worklife balance benchmarks the desire for a balanced professionalpersonal life is seen among mostly the xers, as they grew up watching their parents lose their job despite overlooking t. Nearly 60% of employees admitted that flexible work arrangements was an important factor when they considered joining or staying with an organization, especially for generation y, with a net importance value of 50%, as contrast to 22% and 27% only for boomers and generation x. Forbes takes privacy seriously and is committed to transparency. Previous studies show a significant attitudinal difference between the generation y gen y and others in the context of work life balance wlb. In my opinion, one of our tasks as project managers is to find ways to shed the stress in our project team members lives. Generational differences in the interaction between. Generation x was witness to this, and entered the workplace pushing hard for greater worklife balance. Work and family life can get in the way of each other and new parents can find it challenging to achieve a healthy work life balance.
A student can access vast resources of information to complete assignments and a mother can see and talk to a daughter that is thousands of miles away. The economys slow but steady improvement should be good news. Exploring generational differences between generation y. But employers may find a cloud lurking behind the sunny forecast. Work life balance, generation y, millennials, sri lanka.
Generation y, the newest and the youngest member in the workforce all over the world. Pdf investigating the determinants of worklife balance wlb. Get the knowledge you need in order to pass your classes and more. Work life balance perspectives of marketing professionals in generation y article pdf available in services marketing quarterly 314. A healthy worklife balance assumes great significance for working women particularly in the current context in which both, the family and the workplace have posed several challenges and problems for women. Mason is managing partner at the dagoba group, a new englandbased diversity and inclusion consultancy.
Worklife balance, generation y, millennials, sri lanka. Many gen yers look for jobs that provide them great personal fulfillment. In this series of articles i will explore a different characteristic of gen y, or millennials, and what it means for business. A phrase referring to the importance of balance between workbased and pleasurebased activities in a persons life. Generation y also experienced violent attacks in a school setting. Come browse our large digital warehouse of free sample essays.
The worklife balance initiative is about developing a modern and more productive patientfocused workforce, which incorporates policies to meet individual staff needs, including the care of workers children. Its no surprise organisations are struggling to retain millennials as most are unaware of what generation y want for life. Hence, it is important to attract and keep this new generation in the limelight. But as a business owner or seniorlevel manager, is this problem really something that should be of your concern. Millennials want worklife balance, even if it means. Gen xs are resilient while gen ys are agile opposing styles but each necessary for success. Work life balance is a term used to describe the balance between an individuals personal life and professional life.
1202 1141 101 386 1096 1547 1660 1448 1461 1602 1081 1080 1379 1165 1328 554 886 287 189 1401 1494 1278 619 1053 932 1627 1237 1195 1335 907 1550 597 700 1445 1277 1199 1621 1227 495 466 88 855 1024 1483 166 776 535