December 31, 2003—Work-life balance issues are clearly on the minds of British managers as 2004 approaches, says a recent survey conducted by the Chartered Management Institute. The survey reveals that managers across the UK have resolved to spend less time at their desks and more time keeping fit. It also uncovers vast regional differences where loyalty to employers is concerned, with many managers claiming they will change jobs next year.
The research shows that almost six out of ten (58%) respondents intend to spend less time in the workplace. The realization that an improved work-life balance leads to healthier lifestyles is emphasized with the top resolution being to exercise regularly (58%). This desire for change is consistent among men (57 %) and women (58%). However, regional differences were stark with 87% of respondents in Scotland registering their intention to work less, compared to 47% in the Northwest.
The research looked into managers’ confidence about their personal financial prospects for the next 12 months and found that more than half were pessimistic. Almost one third (28%) also predicted that levels of employment will decrease between now and December 2004. However, despite fears of financial hardship, almost one-quarter (23%) believe they will change jobs in the next 12 months, in spite of the risks associated with switching employers.
The area most likely to see job movements is London, with 39% claiming they will change jobs before next Christmas. In a show of loyalty to their current employers, only 13% of managers in Yorkshire plan to change organizations. Among those questioned in Yorkshire, a remarkable 75% are optimistic about the business prospects for their organization over the next 12 months, compared to 39% in London.
The researchers concluded that managers still want to progress up the career ladder and seek new opportunities, but that they are recognizing that to do this they need to take care of themselves and their home life, too.
The research, undertaken during the first week of December, was conducted nationwide among 2,400 managers. Additional regional statistics are available from the Chartered Management Institute.
