Executives Value Flexible Work Schedules as They Adjust to 24/7 Work Week, According to the AESC’s BlueSteps Survey
New York, July 22, 2014 – The 2014 BlueSteps Work-Life Balance Report, just released by the Association of Executive Search Consultants (AESC), discovered that while modern senior-level executives are working more hours and in more locations now than in the past, over half (52%) are satisfied or very satisfied with their work-life balance. Global executives work an average of 58.5 hours per week, with 39% working over 60 hours per week. In comparison, four years ago, 55% of senior-level executives did not believe their current work-life balance was satisfactory. The survey was conducted in April 2014 to July 2014 and received 571 responses from senior-level executives in manufacturing/industrial, technology/telecoms, professional services, financial services and other sectors worldwide. Additional findings of the report include:
- The majority (81%) of executives consider work-life balance when deciding on whether or not to accept a new position.
- 31% of executives would refuse a promotion or new job offer if it negatively affected their preferred work-life balance ratio.
- Over one quarter (28%) of executives rate their work-life ratio as more important than their potential earnings.
Peter Felix, AESC & BlueSteps President, commented: “Senior executives are clearly working out how to balance the extreme demands that globalization and 24/7 accessibility can make upon them. Technology, while creating this accessibility, has also provided a form of liberation from the traditional work place environments and the constraints on personal freedom that they can create. With generational changes, corporations are also learning that they must make adjustments to the demands that they place on their senior executives and other members of staff. The financial services world is currently publicly making such adjustments to the working lives of their interns and young recruits. Working smarter rather than harder makes real sense in the hugely different world of management that we all experience today.” A full copy of the 2014 Work-Life Balance Report is available for download at https://www.bluesteps.com/Products/2014-AESC-BlueSteps-Work-Life-Balance-Report.aspx
About BlueSteps.com BlueSteps.com is an online career management service for senior executives. As an exclusive service of the Association of Executive Search Consultants (AESC), BlueSteps enables senior executives to be visible to more than 8,000 AESC member executive search professionals who use BlueSteps to locate candidates. BlueSteps also offers a full suite of career management tools and resources specifically for senior-level executives. For more information, please visit www.bluesteps.com.
About the Association of Executive Search Consultants The Association of Executive Search Consultants (AESC) is the worldwide professional association for the retained executive search and leadership consulting industry. The AESC promotes the highest professional standards in retained executive search and leadership consulting. For information, please visit www.aesc.org. For the AESC’s free service for talent acquisition professionals, visit www.ExecutiveSearchConnect.com.