SINGAPORE - New global research from Accenture, titled "Defining Success," has found that a majority (60 per cent) of surveyed professionals in Singapore say they can "have it all".
In fact, having both a successful career and a full life outside work is so important that many choose a job based on its potential impact on work-life balance.
The study found that female respondents in Singapore are more concerned with a healthy work-life balance with 74 per cent (versus 50 per cent of men) saying they have turned down a job due to concerns about its impact on work-life balance.
According to the study, the definition of career success differs between men and women in Singapore. Recognition (66 per cent) tops female respondents' definitions of career success while male professionals perceive money (64 per cent) as the defining factor for success.
Globally, work-life balance tops respondents' definitions of career success, ahead of money, recognition and autonomy (cited by 56 per cent, 46 per cent, 42 per cent and 42 per cent, respectively).
"Over the course of their careers, professionals will continue to define and re-define what success looks like," said Teo Lay Lim, Accenture's Senior Managing Director - ASEAN and Singapore.
"For many, career goals and personal priorities will take precedence at different times. As today's professionals strive to find the right balance, leading companies will find innovative ways to help them develop, grow and thrive."
The research also found that technology plays a role in achieving work-life balance, although respondents express mixed feelings about its impact on their personal lives. 83 per cent of Singapore respondents agree technology gives them more flexibility with their schedules, which is deemed extremely or very important to work-life balance.
Yet, 88 per cent say technology brings work into their personal lives, which is higher than the global rate of 70 per cent.
"The fact that work-life balance continues to be critically important to employees holds tremendous significance for employers," said Teo. "Companies that can help their employees navigate both their professional and personal lives are likely to see strong employee engagement and enjoy an advantage as they recruit and retain high performers."