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Sun, May 24, 2009
The Straits Times
Women want better work-life balance: Survey

By Yang Huiwen

WOMEN in the accounting and finance sector want a better work-life balance and a more level playing field with men when it comes to promotions.

The findings stem from a survey of more than 700 female professionals in the public and private sectors.

Almost 60 per cent cited work-life balance as their top priority, outweighing other concerns such as opportunities for advancement, job security and skills upgrading.

And of that 60 per cent, 61 per cent were under 35 years old.

About 53 per cent of those polled said they would leave their current job for one that offered a better work-life balance, even if it meant less pay.

If anything, the work-life balance is going the wrong way. About 75 per cent of those surveyed are working longer hours compared with a year ago, mainly because they have to shoulder more responsibilities and a bigger workload.

On average, female accounting and finance professionals work 46.1 hours, or 9.2 hours a day. Those in larger organisations tend to spend slightly longer at the coalface, clocking up an average 48.9 hours a week.

Yet despite the long working hours, 45 per cent of respondents do not think they will reach a senior executive role.

The survey, which was conducted by the Association of Chartered Certified Accountants and global financial recruitment firm Robert Half Singapore, also found that 39 per cent of companies do not have any female directors.

Robert Half managing director Tim Hird said this shortfall indicates that the glass ceiling still exists in the local workplace.

'We thought companies would be doing a lot more, considering the large presence of multinational corporations in Singapore,' he said.

The lack of equal opportunities for women is also underscored by the fact that only 49 per cent of the women surveyed claim their organisations have a formal equal opportunity policy.

About 32 per cent said their company does not have such a policy in place, while the remaining respondents are unaware if such a policy exists.

In a separate global survey, Singapore was ranked 84th out of 130 countries in terms of equality for women last year.

The Gender Gap Index showed that while Singapore has been successful in attaining gender parity in terms of educational opportunities, it fared poorly in areas of opportunities in the workforce, overall economic empowerment and political participation.

This article was first published in The Straits Times.

 

 
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