The Energizer

Resilient Insights for Work & Life

Work-Life Balance Tops Pay When Attracting Employees

by Eileen McDargh, Chief Energy Officer - Monday, March 24, 2008
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Despite these mushy economic times of uncertainty. a recently Hudson survey published in USA TODAY showed a startling statistic. The primary reason people accepted their current position was not money. It was work-life balance and flexibility.

Compensation came second! Faced with a slow drain of talent with retiring baby boomers, organizations best pay close attention. Service organizations that equate performance with the amount of billable hours could be in for a shock when attempting to recruit new employees. And no where might this be felt more keenly than in the legal profession.

Last year, Stanford Law Student Andrew Bruck and about 25 other Stanford students founded Building a Better Legal Profession. Students at Yale and Harvard Law schools have picked up the rallying cry. Their mission: to force law firms into changing the way they promote young lawyers and to establish policies that allow lawyers to have time for a family while still honing their talents.

It’s an uphill battle given that senior associates have pushed for higher profits by increasing the ratio of associates to partners and requiring associates to work longer hours. But change is afoot. A few firms are evaluating young attorneys based on the skills they’ve acquired and gives them credit for pro bono cases as well as recruiting. Such moves have cut attrition and helped retain women and minority lawyers.

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Eileen McDargh Keynote Speaker Blog Author

About Eileen!

Since beginning her consulting and training practice in 1980, Eileen has become noted for her ability to speak the truth with clarity, wisdom, humor and compassion. Long-standing clients and repeat engagements attest to her commitment to make a difference in minds, hearts and spirits of organizations and individuals. She draws upon practical business know-how, life's experiences and years of consulting to major national and international organizations that have ranged from global pharmaceuticals to the US Armed Forces, from health care associations to religious institutions. Executive Excellence magazine selected her as one of the top 100 thought leaders in leadership and among the top ten consultant providers of leadership development.

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