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Revealed: Finance & IT are top industries for balancing life and work
In the post-pandemic reality, many companies are re-evaluating life-work balance for their employees and are willing to spend more on basic and overtime pay rates in order to improve this.
This benefits businesses, as much as those who work for them. According to Forbes, excellent life-work balance has been shown to increase job satisfaction and even minimise turnover rates. But which industries currently provide the best balanced offering between work and personal life?
To find out, Remote has analysed 22 different industries, creating an overall ranking based on basic and overtime pay rates, annual incentive pay, the amount of hours worked each week, and employee turnover rates.
The Financial and Insurance Activities Industry Offers the Best Life-Work Balance
Top Five Best Industries For a Healthy Life-Work Balance
Rank
Industry
Average Salary
Annual Incentive Pay
Weekly Pay (Basic)
Weekly Pay (Overtime)
Weekly Paid Hours (Basic)
Weekly Paid Hours (Overtime)
Employee Turnover
1
Financial and Insurance Activities
£62,244.00
£11,843.00
£985.20
£5.90
33.9
0.4
25%
2
Information and Communication
£47,556.00
£3,734.00
£870.40
£5.20
35.7
0.3
44%
3
Electricity, Gas, Steam, and Air Conditioning Supply
Additional highlights from the research that might be of interest:
The financial and insurance activities industry offers the best life-work balance, followed by the information and communication industry, and the electricity, gas, steam, and air conditioning supply industry.
The financial and insurance activities industry also offers the lowest employee turnover rate at 25%.
Mining and quarrying workers spend the highest number of hours working each week, with almost 40 basic paid hours and around 3 hours of paid overtime
