Priorities pnow the workers have changed. According to the study Talent trends in 2023 Developed by PageGroup, 61% of Panamanians say work-life balance is what most affects job satisfaction.
The study found that 44% of people are willing to turn down a promotion if they believe it will have a negative effect on their well-being. In terms of sectors, marketing has the most impact on work-life balance on job satisfaction with 64%, and legal has the least impact with 51%.
Juliana Otálvaro, Senior Executive Director of PageGroup Panama and Central America, emphasizes that professional success is no longer a priority for people.
“In fact, 7 out of 10 people would choose mental health and work-life balance on professional success. It’s even more important than salary, training and development, free meals, gym memberships or any other benefits,” Otálvaro emphasized.
According to the study, this new way talent evaluates job offers is called invisible revolution And how companies approach that work-life equation is what will determine whether a company survives this revolution.
Globally, 58% of surveyed talent indicated that work-life balance is their number one priority for achieving true job satisfaction. 54% said pay was the second most important factor in job satisfaction.
Otálvaro points out that currently all jobs are evaluated with a clear equation of compensation + professional development + flexibility. He adds that the increase in stress and freedom that people have experienced during the pandemic has permanently changed the culture of work.
“Companies must take these essential factors into account and create an engaging employee experience. Of course, compensation and career planning are important, but what has changed is the way talent views them. The invisible revolution has brought more empowered talent,” he added. .
Following this line, he points out that companies that focus on politics adaptive flexibility that aims to deliver them on an individual levelBy avoiding one-size-fits-all rules, they stand a better chance of limiting talent mobility.
“Both employee and employer share a similar view of bold ideas like the four-day work week, agreeing that it brings better productivity and well-being, as well as attracting new talent,” he said.
On the other hand, the research shows that expectations of professional development and growth are a priority for employees and motivate them to stay in a certain workplace.
Two out of three people state that professional development is the reason for they are looking for a new job, because they are motivated by professional development. But the research showed that 27% of employers underestimate the importance of professional training for their employees.
Source: Panama America
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
