FANews
FANews
RELATED CATEGORIES

Workplace gender differences – women prioritise a balanced lifestyle, flexi-arrangements and corporate values

11 August 2010 PricewaterhouseCoopers

Women in the workforce are concerned about the balance between work and private life, which includes having flexible working arrangements” says Pamela Maharaj, PwC SA Director: People and Change Solutions. “A recent PwC global survey ‘Managing Tomorrow’s People – Future of Work’ shows that women are more concerned about relationships, values and loyalty – whereas men are more focused on financial rewards, increased responsibilities, technology and business networks.”

Looking to where they would be in ten years time, 41% of female survey respondents prioritized enjoying a better work-life balance than they currently have. Only 31% of men ranked this as their priority. The primary long term goal for 47% of men was rather to have vastly more responsibility and with the salary to match (40% of women respondents listed this as their primary goal). Slightly more men (22%) saw themselves flourishing as a self-employed specialist over the next decade (women 18%).

When asked what the most important work benefit - besides salary - is, 45% of women cited flexible working arrangements, compared to 33% of men. Very far behind this, the second highest rated benefit for women (15%) was paid academic training and development. This training benefit was ranked third by men (also 15%). Rather, male respondents had performance-based cash bonuses as the second highest rated priority (22%), and this was third ranked by women (14%).

Many women (46%) saw their career paths as ultimately leading to a mutually beneficial, long-term relationship with a major corporation, in which they could acquire valuable experience across a variety of roles. This was also the top vision for men, but for a lower number of them, at 39% of respondents. The genders were equal on their career goal of staying with an organisation that has earned their loyalty and respect (men 33%; women 32%). More men (29%) than women (23%) saw themselves as being career mobile, working for a variety of employers and on a wide range of projects over their working life. The ideal employer for women (51%) is a company whose values match their own - only 42% of men prioritized this.

Looking to the corporate future, 47% of women said it would be important for companies to have a powerful social conscience intrinsic to the brand and a "green" sense of responsibility (35% of men). In contrast, the most important thing to men (37%) was that companies embrace technology and the power of social networking (women 33%).

On the issues of what people ideally want to gain from their work experience, both genders were most concerned with making a difference in the world (women 44%; men 41%). There was also consensus on the second ranked outcome to be gained from work experience - being quality relationships and a strong network (women 38%; men 36%). Men were more keen to reach as high a professional profile, and as quickly, as possible (women 18%; men 23%).

With South Africa experiencing a severe shortage of skills across several levels and in many sectors, Maharaj recommends companies be forward-looking and innovative. “They should acknowledge that men and women do have different expectations from the work environment, and accommodate these as best as they possibly can.”

Quick Polls

QUESTION

What do you think the high volume of inquiries and withdrawal requests means for the future of the two-pot system?

ANSWER

It suggests high demand and potential success of the system
It indicates possible problems with the system’s implementation or communication
It points to financial stress among individuals that could affect long-term retirement planning
It could be detrimental to the economy and people's retirement security
It’s too early to determine the impact on the system’s future
fanews magazine
FAnews August 2024 Get the latest issue of FAnews

This month's headlines

Women’s Month spotlight: emphasising people and growth in the workplace
The power of skills transfer and effective mentorship
Advisers and investors hold thumbs the GNU will restore bond and equity valuations
What are the primary concerns of insurers and brokers?
The Two-Pot System: regulatory challenges ahead
How comprehensive is your clients' critical illness cover?
Subscribe now