Tag Archives: work life balance

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Top 3 Work-Life Balance Tips for Women in Business

Did you know that work-life balance is now considered to be the second top consideration, after compensation, for procuring and retaining employees?

So it goes without saying that if employees demand work-life balance – as a business owner, maintaining work-life balance is essential to be more effective and feel fulfilled both in your personal and professional life.

In today’s digital world, work does not end at the office. With smart technology you can literally bring the office home and be in constant contact and control. That said, at times you might feel you are working around the clock and that pressure can affect your stress levels, family life and health.

So, as a woman business owner, how do you maintain work-life balance?

  1. Build a strong support structure: Although gender expectations still exist in present society today, dividing duties and gaining support from your partner is key to building your business and taking care of the family. Extended family can also be a tremendous resource when you have conflicting commitments between work and home. Always be appreciative of the help you get and that gift will be there when you need it again.
  1. Plan and prioritize: You would not be late for a meeting with an important client, so don’t be late to pick up your kids from school. Balancing work and life means having to plan and prioritize and giving equal importance to both areas. If you’re a workaholic you’ll need to discipline yourself to perhaps stay unplugged for an hour or two when you get home so you can truly focus on the family, the kids and most importantly, yourself.
  2. Nurture and nourish: Finding work-life balance goes beyond just finding time, it means finding quality time for yourself and indulging in the things you love to do, so when you go back to your business you are ready to tackle the day – no matter what it might bring. Self care is essential in restoring and maintaining your well-being, keeping your energy levels high and leading with clarity and purpose. This means keeping your eating and sleeping habits in check is key. On an emotional level, learn to forgive, forget and let go. Also learning to not take life too seriously can do wonders to reduce stress levels and create a more balanced way of life.

Being a respectable and successful woman business owner and making your mark felt, means believing in yourself and pushing your boundaries. Getting certified can be a great way to climb the ladder of success and still meet both your work and life goals.

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Flexibility or Higher Pay? See What Women in their 30s Want

Flexibility or higher pay? What would you choose?

“I’m really happy to put career first,” say many women like Betsy Oyler who would like to see women fight for better pay and the jobs they really want.

Business leaders think women change jobs for greater flexibility – but for Betsy Oyler that couldn’t be further from the truth.

“At this point of my life I am happy for career to take the front seat,” she said. “I am not looking to start a family any time soon.”

She changed jobs eight months ago to move ahead in her career, to find bigger challenges and to learn more in her late twenties.

Betsy Oyler changed jobs for a bigger challenge – not greater flexibility.

Researchers have found that while employers believe women around the age of 30 are leaving jobs for flexibility and because of family demands, the women themselves say the main reason is pay.

As a woman business owner, the best (or worst part) of running your own business is most likely the flexibility you get to work on your own terms, be your own boss, work the hours you want to work – meaning you get the flexibility but many emerging WBEs are lead by hardworking women who work well into the night and the weekends trying to manage different aspects of their growing business.

Lauren Noel and Christie Hunter Arscott from the International Consortium for Executive Development Research said they were surprised at the results of their new survey, which challenges assumptions that women want a better work-life balance in preference to higher pay.

The survey of organisational leaders and men and women aged 22 to 35 found that pay, followed by lack of learning and development opportunities and a shortage of meaningful work were the primary reasons women had left jobs.

The research, which features in the Harvard Business Review, found men and women left jobs for similar reasons.

“In fact, women are actually more likely to leave because of compensation [pay] than men,” Ms Hunter Arscott said. “Not only are women’s reasons for leaving misunderstood, differences between women and men are overstated.”

Ms Oyler, who married last November, works for a Sydney advertising agency after leaving a management role at a marketing agency.

“I was looking for a new challenge, a stimulating working environment and exposure to a new set of skills and clients,” she said.

While the pay was slightly higher in her new job, it was not her “number one priority”. But she would not have been happy to settle for a pay cut.

In its survey of 4198 employees and 3793 employers in Australia, the Hudson recruitment company has also found the top three reasons professionals gave for leaving their current job was boredom, followed by lack of career progression, followed by disappointment with salary.

Simon Moylan, head of talent management at Hudson, said only 3 per cent of 706 Generation Y women surveyed said they were changing jobs to work closer to home and 7 per cent were looking for a better work-life balance. But almost a quarter were bored and wanted a new challenge and 21 per cent left jobs because of a lack of career progression. And 15 per cent were disappointed with their salary.

“Generally what we find is women in that demographic are trying to set up their career. Logically you have to get yourself promoted to get to a level where you are senior enough and earning enough before you can get the flexibility you are after.

“It is almost like a race against the biological clock for some to achieve that level of seniority and level of salary.”

Of the 2100 women of all ages surveyed, 4 per cent wanted to work closer to home, 8 per cent wanted a better work life balance and 15 per cent were disappointed with their salary.

Marian Baird, a professor of gender and employment relations at the University of Sydney, said it was not surprising that women ranked pay as important when many were paid less compared to men.

“Why shouldn’t women see pay as important as men do?,” she said.

But pay and flexibility were not mutually exclusive.

“It is possible that many of the women surveyed had not yet faced the real trauma of work, motherhood, inflexible work, no child care and a pay gap in the one hit,” she said.

Barbara Pocock, emeritus professor from the school of business at the University of South Australia, said people often changed jobs for a “basket of reasons”.

“Not a single thing. A mix of pay and conditions like flexibility,” she said.

“Flexibility will trump money by a long shot when you have a young child or a personal health issue or you are caring for a frail parent. But if you are a young engineer setting out at 25 or 30, money may well be the most significant thing.”

Adam Shapley, regional director at Hays Recruitment said the US research was an “oversimplified”.

Hays research from 2013 had found most job seekers were looking at an organisation’s vision, culture and values. Their second priority was work-life balance and salary came fifth.

Professor Lyn Craig, director of the University of NSW social policy research centre said it was not surprising men and women without children in the US would rank pay as their top priority.

American women were also more likely to be working full time because they would not receive health benefits if they worked part time.

Diversity Council chief executive officer Lisa Annese said money was a factor for women because of the gender pay gap.

As a business woman, would you want to sacrifice work-life balance over a challenging contract that promises a hike in your revenue? Let us know in the comments below.

via Women in their 30s want higher pay over flexibility