Creating a work environment that prioritizes work-life fit, and happier employees as a result, equals increased performance, productivity, and ultimately a stronger bottom line for the company.
The Challenge
Lack of work-life fit policies is a driving factor in professionals leaving the AEC industry.
Challenges with work-life fit result in unhappy employees that cost the AEC industry and country money.
Data proves that lack of work-life fit is a leading cause of burnout and dissatisfaction resulting in decreased productivity and profitability.
The Facts
Percent of respondents that selected “work-life balance” as the most important factor when evaluating a job prospect. [FlexJobs 2019 Annual Survey]
The median cost to a company for an employee member’s turnover and replacement is 21% of their annual salary (with the exception of executives and physicians). [SHRM Human Capital Benchmarking Report, 2016]
Increased percentage of absenteeism in disengaged employees. Also leads to 18% lower productivity and 15% lower profitability, translating to a revenue loss of about 34% of their annual salary. [Gallup]
The psychological and physical problems of burned-out employees cost $125 billion to $190 billion a year in healthcare spending in the US. [Harvard Business Review, 2017]
Steps for Using the Tool
1. How are you doing? (take self-assessment): Discover what areas you feel are lacking in your personal work-life experience and what policies you feel could best help you achieve a better work-life fit. See link below.
2. Explore the possibilities (check out policy options): Based on the results of your self-evaluation exercise, locate the policies that best address your priorities.
3. Empower yourself (review data): Explore the data related to your chosen policy(ies) including quantitative facts and figures, case studies, testimonials, and other supporting information.
4. Build your proposal: Using the talking points and selected supporting data, craft your pitch presentation using the provided template. Be prepared to overcome predictable objections.
5. Pitch to your leadership: Schedule a meeting and sit down with your leadership to discuss your proposal for work-fit policy improvements.
6. Enjoy a better work-life fit! Now that you’ve taken the initiative to spark real change in your firm, be proud of yourself and help leadership roll out the proposed policy(ies) firm-wide!
