The Big Read: Singaporeans lack hunger, can’t compete because they want more work-life balance? Not true and here’s why

Agreeing, Mr Jivan Tulsani, the mind of selling at cryptocurrency firm TZ APAC, said that a&nbsp, growing need for function- life balance does not indicate a lack of hunger from employees.

It’s more a change in how successful professionals determine success. It’s important to understand the concept of intent, which is an index of elements such as talent, love, skills, activity, generosity and service”, he said.

Professionals are able to fulfill some of these requirements in their work, but they are also willing to make occasion for other priorities unrelated to their responsibilities.

Mr&nbsp, Tulsani has observed that newer decades of workers&nbsp, are “very intentional about their emotions”.

Some employers claim to have high performers because they recognize the need to provide their employees with greater work-life cooperation.

This is the case of some of the company’s skilled sales staff, according to Mr. Winthrop Wong, co-founder and pharmacist at e-wallet Glovida-Rx. &nbsp,

We set them both qualitative and quantitative goals on a quarterly and monthly foundation, and we essentially allow them to plan their days according to what they find most effective.

Experts who spoke to TODAY also pointed out that introducing better work-life stability and flexible work arrangements had also entice more groups of workers into the market who are otherwise able to contribute to the workforce if they had to adhere strictly to conventional work schedules and hours.

Dr. Ang of NTU said:” We tend to concentrate on the individuals who are already employed and work as if they are trying to skive off by requesting more work-life equilibrium.”

” What we probably miss, are the people for whom a better work- life balance will allow ( them ) to work, for those whom it will allow to work longer or more sustainably ( such as older persons, or those with health conditions ), and so on.

” Much depends on whether employers are creative enough to employ these people by adapting their own practices or ( possibly out-of-date ) ways of thinking.

STRIKING A Harmony

Employers and employees will have their work cut out for them in navigating this new environment as Singapore strives to maintain its competitive advantage in the context of a press for&nbsp, much work-life harmony, and flexible work arrangements.

For a prospective employee, expressing a desire for greater work- life balance by way of flexible work arrangements&nbsp, — especially at the job interview stage —&nbsp, may work against the candidate, if the employer does not have such work arrangements in place, said Mr Suhaimi of SSA Group.

Employers who do n’t offer such flexible work hours may also find themselves at a disadvantage in attracting and retaining talent, he said, especially as worker expectations for work-life balance continue to change.

This is also a point made by Tan See Leng, a minister of labor, when he explains the justification for flexible work arrangements. &nbsp,

According to Mr. Qiu from Unispace Singapore, companies will need to adapt to attract and retain talent as corporate information on pay, benefits, and culture is becoming more transparent and widely available to prospective employers and employees.

Over time, this would leave the main distinguishing factor between the organization’s approach to work-life balance and flexible work.

Employers who spoke to TODAY acknowledged the effects a better work-life balance had on employee engagement, talent acquisition, and retention, but they also raised questions.

One issue that several employers have raised is how difficult it is to track employees ‘ productivity and performance when they work remotely or have flexible schedules.

Other issues, according to Ms. Khew Shu Ping, deputy managing director of Tate Anzur, include potential effects on business operations and stakeholder relationships, ensuring fair team workload distribution, and any associated costs.

Asked what an optimal balance to strike&nbsp, between work- life balance and an economy’s performance could look like in Singapore’s context, Dr Ang from NTU said this balance would differ for each person at each of life.

” This means we will need to make room for people to strike these various balances without making them feel like they ca n’t survive.”

According to Dr. Ang, in order to achieve this, it is necessary to shift from being a “market society” driven by economic logic on who is deserving of respect and what is worthwhile striving for to one of a “market economy,” where the economy is just a tool for exchange and society decides what it values and how to make the market work for it.

Ultimately, the transition towards fully embracing greater work- life balance —&nbsp, premised on a mindset of results- oriented work — will require cultural and mindset shifts, which would take time, said experts.