Healthy work-life balance top factor for talent retention

Work-life balance has emerged as the leading factor influencing employees’ decision to stay with their current employers, according to a recent poll by HRM Asia. With 40% of respondents highlighting it as their priority, work-life balance significantly outweighs other factors such as salary and benefits, which garnered 34% of the votes. Career development path and organisational culture each received 13%, indicating a shift in employee values towards flexibility and personal time.

The results highlighted a growing emphasis on achieving a harmonious work-life balance. Agnas Pang, HR Business Partner at Highridge Medical, underscored the impact of this shift. “Our organisation is committed to fostering a healthy work-life balance for our employees, which is crucial for maintaining long-term satisfaction and productivity,” she told HRM Asia.

“By offering flexible work options like hybrid work arrangements and flexible working hours, we are not only helping our employees manage their personal and professional lives more effectively but also likely enhancing their loyalty and reducing turnover. This approach demonstrates an understanding that employees who are supported in their personal lives are more likely to stay engaged, motivated, and committed to their work.”

Similarly, Maya Javier, Business Development Manager at Regulation Asia, observed that younger generations, in particular, are placing increased value on work-life balance. “Many millennials and younger professionals are prioritising work-life balance more than previous generations, especially those with young families or caregiving responsibilities,” Javier said.

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Javier’s own experience with remote work highlights its benefits. She explained, “Working from home has eliminated commute time and allowed me to start work earlier. I find myself working more efficiently and putting in more hours than I did in the office. This extra time allows me to be more productive and still have time for the important things in life, like spending time with my family.”

This shift towards remote work reflects a broader trend where flexibility and personal time are becoming integral to job satisfaction. She added, “The ability to balance work with personal life is something I now value deeply.”

The poll results signal a critical area for employers to address. Emphasising work-life balance through flexible arrangements can significantly enhance employee satisfaction and retention. As organisations adapt to these evolving priorities, those that support work-life balance will likely foster greater loyalty and engagement among their workforces.