As Singaporeans reap the fruits of an economic renaissance, they now face the challenge of deciding what type of a labor force they want to market themselves as to the world and what work culture do they want to pave for the future? For those wondering what we’re rambling on about, it’s the elusive perfect work-life balance formula we’re referring to. Although Singapore has managed to emerge as an economic juggernaut in Asia, it still has a number of nations like India and China riding neck and neck with it. However, the financial growth of the latter two countries has come at a significant cost.
The cost of a struggling underpaid and overworked workforce that has compromised the very concept of a fulfilling personal lifestyle in their daily battle for sustenance. Even Japanese work culture has taken a huge toll on the relationships and mental well-being of its citizens. This is the trap Singapore must avoid at all costs to ensure it has a healthy and motivated workforce to drive its healthy economic track record on the back of both creative innovation and hard work.
Several population surveys have revealed that the average weekly work time of Singaporeans is around 46 hours, whereas the global average is close to 38 hours. Even though skilled labor is in abundance in Singapore, there is an ongoing fight in the daily lives of Singaporeans to stop their employers from eating a bigger slice of their personal life than they bargained for. Unfortunately, the one cardinal sin committed most often by corporations these days is to equate productivity with the quantity of office hours put in rather than focus on the quality of work produced. And quality labor is derived not from a crack of a whip, but from an enthusiastic mind that is inspired and motivated to work for you.
If you’re looking at this article as yet another idealism piece, then all you have to do is turn your eyes to the West and follow the lead of Germany. Despite defying the conventional corporate work policies by adopting a 5-day work week, Germany has still been able to sustain its powerhouse economy status in the EU, even in the midst of recession. A healthy work-life balance is integral to the well-being of both the individual and his employers. It is a win-win for both a micro and macro-level of Singapore’s economy.
So without further a due, let us take you through a few essential tips that every Singaporean can easily assimilate in their life and change their outlook from “live to work” to “work to live”.
Set Your Priorities Straight
Attaching your individual worth to the position you hold where you work is a grave fallacy to fall prey to. It’s absolutely imperative to detach yourself from society’s expectations from you and define what you really love before you start cutting a path to achieve it.
You can only churn out quality work from an individual who is actually interested in it to mentally invest himself to that extent. Once you set your priorities straight, it becomes easier to realize goals and identify mistakes in order to consistently raise the bar for yourself in terms of excellence rather than getting your career trapped in a lengthy stagnant phase.
Sensible Time Management
The Pareto principle states that almost 80% of your results are derived from a mere 20% of your collective efforts. This outrageous discrepancy is present because of inefficient utilization of your time and the lack of a focused approach in achieving a specific task. It’s important to streamline your workflow and learn to delegate but not over-delegate work to colleagues for various assignments, so that you cut out all the unnecessary waiting time involved in completing that job.
It’s equally vital to allocate time to exercising and maintaining a healthy diet, because a productive mind can’t survive in a sick body.
Formulate a Long-Term Financial Plan
Financial literacy is absolutely critical for your economic survival, which is why it’s imperative to prioritize your needs from your wants.
Choosing the right credit card schemes, housing loans, equity investments, etc., can help you free yourself from debt enslavement and even create a nice passive income stream to help you enjoy a comfortable work lifestyle without stressing about putting in overtime to cover your expenses.
Master Organizational Psychology
Unless you plan to burn out physically and mentally over a couple of years, don’t hesitate to stick up for your personal life when your bosses try grinding your gears beyond reason. Organizational psychology states that when you start sharing more details about your personal engagements with your bosses, it will convey your lifestyle boundaries to them and not consciously or subconsciously burden you with more and more work due to your blindly compliant nature.
By steering clear of your office e-mails and assignments over the weekend, you allow your mind to clear the clutter and gain a deeper perspective of strategizing and organizing your work by letting your thoughts flow.
For more financial tips and tricks to optimize your financial lifestyle, visit imoney.sg and learn all the best moves to make with your money.
This article was first published on http://business.asiaone.com/
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