Global Work-Life Balance improves but the UAE is lagging behind
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Mon May 14, 2012 7:14 pm

UAE. Business people in the UAE are more likely to still be managing additional duties taken on in the downturn and to be spending more time away from home than their global peers, according to the Regus Work-Life Balance Index, which was launched today.

The Index calibrates job satisfaction indicators and respondents’ views on their overall work-life balance with data on real-life practice such as working hours and commuting from a global survey of over 16,000 professionals in more than 80 countries.

While globally workers are enjoying work more and becoming more productive as a result of their improving work-life harmony, the UAE work-life balance Index rating is 8 points below the global average of 124.

Key findings are:-
• 57% of business people believe they spend more time away from their home life compared to the global average of 39%;
• Fully 72% of workers report taking on additional duties during the downturn that were not subsequently taken up by a new member of staff;
• On a more positive note 39% of respondents say that businesses have tried to shorten employee commute times acknowledging the strain a lengthy journey in and out of work can have;

Joanne Bushell, VP for Middle East and Africa, Regus comments: “A good work-life balance is essential for staff to live a healthy and happy life, but this index breaks new ground in showing that it is also closely linked to business growth. This survey shows that while some steps are being made towards providing a better, more flexible lifestyle there is still an urgent need for businesses in the UAE to look at their own working practices.”

She continues: “The launch of our new Work-Life balance Index brings the encouraging news that workers globally say their work-life harmony is improving.  Difficult economic conditions and the effects of the crisis have had a negative impact on UAE working life by forcing staff to take on additional duties.
 
“As economic conditions begin to improve, businesses wanting to become more efficient will need to retain and hire top talent and cannot afford to ignore the value that a reputation for affording a good work-life balance can bring.  Businesses have become increasingly results-oriented during the downturn and are everywhere seen to be opting for less traditional working practices and instead choosing to increase efficiency by giving workers more flexibility. One such measure that is becoming increasingly popular is helping workers to reduce tiring and unproductive commute time through the introduction of more flexible working practices.

“Whether these measures enable workers to travel out of peak time, to work from locations closer to home or to spend more time with their families there is no doubt that empowering workers to work their way is being acknowledged as an ever more important factor in promoting productivity and well-being.

  

The Regus Work-Life Balance Index:
The survey canvassed the opinions of over 16,000 business professionals in more than 80 countries from the Regus global contacts database. The Regus global contacts database of over 1 million business-people worldwide is highly representative of senior managers and owners in business across the globe.

Respondents were asked about their working hours, satisfaction with the amount of time spent at home or with family along with their views on whether there had been improvements in their overall work-life balance.

The Index calibrates this data and is benchmarked against a base point set at 100 in 2010. The survey was managed and administered by the independent organisation, MindMetre, www.mindmetre.com

About Regus:
Regus is the world’s largest provider of flexible workplaces, with products and services ranging from fully equipped offices to professional meeting rooms, business lounges and the world’s largest network of video communication studios. Regus enables people to work their way, whether it’s from home, on the road or from an office. Customers such as Google, GlaxoSmithKline, and Nokia join hundreds of thousands of growing small and medium businesses that benefit from outsourcing their office and workplace needs to Regus, allowing them to focus on their core activities.

Over 1,000,000 customers a day benefit from Regus facilities spread across a global footprint of 1,200 locations in 550 cities and 95 countries, which allow individuals and companies to work wherever, however and whenever they want to. Regus was founded in Brussels, Belgium in 1989, is headquartered in Luxembourg and listed on the London Stock Exchange.

For more information please visit: www.regus.com

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: October 29, 2014
UAE. Total wealth in the GCC stood at US$ 1.7 tillion in 2014, up 4.75% from 2013; Total wealth in Saudi Arabia and UAE grew by 5%; Global household wealth up 8.3% to US$263 trillion, driven by the US and Europe, according to Credit Suisse Research Institute.
date:Posted: October 29, 2014
UAE. Significant increase in inflows of private capital into UAE in 2014; UAE seen as hub between Africa and Asia; Political stability remains a major factor driving flows; UAE clear winner in the region, as other GCC countries see net outflows of private capital.
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INTERNATIONAL. Foreign policy is what a president wishes would happen; foreign affairs are what actually happen; the problem that Obama has, which has crippled his foreign policy, is that his principles have not been defined with enough rigor to provide definitive guidance in a crisis.
UAE. Total wealth in the GCC stood at US$ 1.7 tillion in 2014, up 4.75% from 2013; Total wealth in Saudi Arabia and UAE grew by 5%; Global household wealth up 8.3% to US$263 trillion, driven by the US and Europe, according to Credit Suisse Research Institute.
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