Defining Success 2013 Global Research Results

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1 International Women s Day 2013 Defining Success 2013 Global Research Results Copyright 2013 Accenture All rights reserved. 1

2 Research objectives Accenture conducted its global research study, Defining Success for release on International Women s Day to gain insight into behaviors and attitudes regarding women s careers The research: Seeks to better understand how professionals define success in their careers and personal lives Explores career satisfaction, work-life balance and workplace priorities Examines how technology influences work-life balance Copyright 2013 Accenture All rights reserved. 2

3 Methodology Accenture fielded an online survey of 4,100 business executives from medium to large organizations across 33 countries Argentina, Australia, Austria, Belgium, Brazil, Canada, China, Denmark, Finland, France, Germany, India, Indonesia, Ireland, Italy, Japan, Malaysia, Mexico, Netherlands, Norway, Philippines, Poland, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, United Arab Emirates, United Kingdom and United States A minimum of 100 respondents participated from each country, excluding Denmark, Finland, Norway and Sweden where the combined number totaled 200 The survey was conducted in November 2012; the margin of error is +/-2 percent Copyright 2013 Accenture All rights reserved. 3

4 Respondents profile Gender Generation Male 50 percent Female 50 percent Generation Y ( ) 33.7 percent Baby Boomers ( ) 33.1 percent. Generation X ( ) 33.2 percent Copyright 2013 Accenture All rights reserved. 4

5 Executive Summary Copyright 2013 Accenture All rights reserved. 5

6 Most professionals believe they can have it all More than two-thirds of female professionals around the world and the same number of male respondents say they can have it all Copyright 2013 Accenture All rights reserved. 6

7 Desire to balance a successful career with a full life outside work influences job choice, tops money in defining success Having it all 70 percent of both women and men believe they can have a successful career as well as a full life outside work 50 percent also said they cannot have it all at the same time Work-life balance More than half (52 percent) say they have turned down a job due to concerns about its impact on work-life balance Work-life balance tops respondents definitions of career success, ahead of money, recognition and autonomy (cited by 56 percent, 46 percent, 42 percent and 42 percent, respectively) Copyright 2013 Accenture All rights reserved. 7

8 Technology plays a role in achieving work-life balance, yet also brings work into personal lives Flexible schedule More than three-quarters (78 percent) agree technology enables them to be more flexible with their schedules 80 percent report that having flexibility in their work schedule is extremely or very important to work-life balance Personal lives Yet 70 percent say technology brings work into their personal lives Copyright 2013 Accenture All rights reserved. 8

9 Defining success in today s workplace Job satisfaction 53 percent of women and 50 percent of men say they are satisfied with their jobs and not looking for new opportunities, compared to 43 percent of women and 41 percent of men, who expressed satisfaction in Accenture's 2012 research Rewarding workplaces Tenure When asked what words describe a good work environment, rewarding (cited by 59 percent) tops respondents lists. Honest, flexible and interesting follow (54 percent, 50 percent and 49 percent, respectively) Two-thirds of women (66 percent) and three-quarters of men (75 percent) have been with their current employer for more than four years Copyright 2013 Accenture All rights reserved. 9

10 Defining success in today s workplace (continued) Pay raises The majority of respondents (58 percent of women; 64 percent of men) say they have asked for or negotiated a pay raise These findings continue a steady upward trend: 49 percent of women and 57 percent of men in our 2012 research asked for or negotiated a pay raise, while 44 percent of women and 48 percent of men in the 2011 survey did the same Vacation and work Three-quarters (75 percent) of respondents report they work frequently or occasionally during paid time off, generally checking , catching up on work, working with no distractions and participating in conference calls (cited by 71 percent, 44 percent, 35 percent and 30 percent, respectively) At the same time, 40 percent consider themselves workaholics Copyright 2013 Accenture All rights reserved. 10

11 Defining success in today s workplace (continued) Leaving Top reasons for leaving a job include responsibilities that don t match a job description (38 percent), pay (38 percent) and uninteresting work (34 percent) Job search When asked to name three things they would do to start a job search, respondents cited looking on job boards for open positions, contacting friends and others in their networks, and updating online profiles and information (cited by 30 percent, 24 percent and 21 percent, respectively) Copyright 2013 Accenture All rights reserved. 11

12 Key Findings Copyright 2013 Accenture All rights reserved. 12

13 More than two-thirds of female professionals around the world and the same number of male respondents say they can have it all Please indicate your agreement with each of the following statements: You can have it all in terms of successful career and family. 49% 48% 21% 22% 21% 21% 8% 7% 1% 2% Strongly Agree Agree Neither Agree nor Disagree Disagree Strongly Disagree Female Male Copyright 2013 Accenture All rights reserved. 13

14 70 percent of both women and men believe they can have a successful career as well as a full life outside work Please indicate your agreement with each of the following statements: You can have it all in terms of successful career and family. 48% 22% 21% 8% Strongly Agree Agree Neither Agree nor Disagree Disagree Strongly Disagree 1% Copyright 2013 Accenture All rights reserved. 14

15 50 percent also said they cannot have it all at the same time Please indicate your agreement with each of the following statements: You can have it all just not at the same time. 37% 29% 18% 13% 3% Strongly Agree Agree Neither Agree nor Disagree Disagree Strongly Disagree Copyright 2013 Accenture All rights reserved. 15

16 More than half of respondents say they turned down a job due to concerns about its impact on work-life balance Have you ever turned down or did not pursue a job because you were concerned about its impact on your work-life balance? 52% 48% Yes No Copyright 2013 Accenture All rights reserved. 16

17 Work-life balance tops respondents definitions of career success, followed by money, recognition and autonomy How do you define success in your career today? Multiple responses. 56% 46% 42% 42% 31% 29% 25% 24% 2% Work/Life balance Money Recognition Independence/Autonomy Advancement Social impact/making a difference Job Title Status None of the above Copyright 2013 Accenture All rights reserved. 17

18 More than three-quarters agree technology enables them to be more flexible with their schedules With which of the following statements do you agree? Technology enables me to be more flexible with my schedule. 49% 29% 16% 5% 1% Strongly Agree Agree Neither Agree nor Disagree Disagree Strongly Disagree Copyright 2013 Accenture All rights reserved. 18

19 80 percent report that having flexibility in their work schedule is extremely or very important to work-life balance How important are the following factors with regard to work-life balance? Flexibility in work schedule to manage personal responsibilities. 47% 33% 18% 2% Extremely Important Very Important Somewhat Important Not at All Important Copyright 2013 Accenture All rights reserved. 19

20 Yet, 70 percent say technology brings work into their personal lives With which of the following statements do you agree? Technology allows my work to move into my personal life. 48% 22% 19% 8% 3% Strongly Agree Agree Neither Agree nor Disagree Disagree Strongly Disagree Copyright 2013 Accenture All rights reserved. 20

21 Defining Success in Today s Workplace Copyright 2013 Accenture All rights reserved. 21

22 Both men and women are more satisfied with their jobs than last year Which of the following statements best describes your current job situation? 53% 50% 43% 41% 22% 24% 23% 24% 11% 12% 12% 12% 9% 14% 10% 15% 5% 7% 5% 8% Satisfied - not looking for new opportunities Dissastisfied, but not seeking new opportunities Looking for another opportunity inside company Looking for another opportunity outside company Planning to start my own business Female 2013 Female 2012 Male 2013 Male 2012 Copyright 2013 Accenture All rights reserved. 22

23 Respondents cited a good work environment as rewarding, honest, flexible and interesting What words would you use to describe a good work environment? Multiple responses. 59% 54% 50% 49% 44% 43% 33% 33% 28% Rewarding Honest Flexible Interesting Dependable Fun Inclusive Smart Important None of the above 1% Copyright 2013 Accenture All rights reserved. 23

24 Two-thirds of women and three-quarters of men have been with their current employer for more than four years How long have you been at your current employer? 25% 24% 26% 19% 18% 18% 18% 13% 13% 11% 9% 6% Less than one year 1-3 years 4-6 years 7-10 years years More than 15 years Female Male Copyright 2013 Accenture All rights reserved. 24

25 The majority of respondents say they have asked for or negotiated a pay raise, continuing a steady upward trend from 2011 Have you ever asked for or negotiated a pay raise? 64% 58% 57% 49% 44% 48% Female Male Copyright 2013 Accenture All rights reserved. 25

26 Three-quarters of respondents report they work frequently or occasionally during paid time off Do you work on your vacation days (Paid Time Off)? 55% 20% 25% Yes, frequently Yes, occasionally Never Copyright 2013 Accenture All rights reserved. 26

27 Among those who work during PTO, they generally check , catch up on work, work with no distractions and participate in conference calls When you work while on vacation, which of the following do you do? Multiple responses. 71% 44% 35% 30% 28% 2% Check Catch up on work tasks Work on things that require no distractions Participate in conference calls Work just like a regular work day None of the above Copyright 2013 Accenture All rights reserved. 27

28 At the same time, 40 percent consider themselves workaholics Do you consider yourself a workaholic? 60% 40% Yes No Copyright 2013 Accenture All rights reserved. 28

29 Top reasons for leaving a job include responsibilities that don t match a job description, pay and uninteresting work Which of the following would be reasons for you to leave your current job? Multiple responses. 38% 34% 31% 31% 28% 20% 19% 16% Responsibilities don't match job don t description/pay match job description/pay Uninteresting work Long and/or inflexible hours Lack Lack of feedback/recognition of from hours recognition supervisors from supervisors Unable to make to make impact impact at work Lack Lack of connection of connection with co-workers with I want I want to leave to leave my current my job current but at work co-workers don't job feel but I can I don t because feel I can because None of the of above the above Copyright 2013 Accenture All rights reserved. 29

30 If looking for a job today, most respondents would start with looking on job boards for open positions If you were to start looking for a job today, what are the first three things you would do? 30% 24% 21% 18% 7% Look Look on job on boards job boards for open positions for open Contact friends friends and others and in others my network in Update Update my profile/information my online Contact Contract recruiters None of the above positions my network information online Copyright 2013 Accenture All rights reserved. 30

31 Additional Findings Copyright 2013 Accenture All rights reserved. 31

32 Over past three years, job satisfaction is on the rise Which of the following statements best describes your current job situation? 52% 42% 43% 22% 24% 24% 11% 12% 14% 9% 15% 13% 5% 8% 6% Satisfied-not looking for new opportunites Dissatisfied, but not seeking new opportunites Looking for another opportunity inside company Looking for another opportunity outside company Planning to start my own business Copyright 2013 Accenture All rights reserved. 32

33 Nearly all respondents agree technology enables them to work smarter and get more done in less time With which of the following statements do you agree? Technology enables me to work smarter and get more done in less time. 48% 35% 13% 3% 1% Strongly Agree Agree Neither Agree nor Disagree Disagree Strongly Disagree Copyright 2013 Accenture All rights reserved. 33

34 The majority of respondents use a desktop, laptop or smart phone for work What types of technology do you use for work? Multiple responses. 65% 65% 56% 36% 25% 2% Desktop computer Laptop computer Smart phone Cell phone Tablet computer None of the above Copyright 2013 Accenture All rights reserved. 34

35 Similar percentages of men and women agree that technology allows work to move into their personal life With which of the following statements do you agree? Technology allows my work to move into my personal life. 48% 48% 22% 23% 18% 19% 9% 8% 3% 2% Strongly Agree Agree Neither Agree nor Disagree Disagree Strongly Disagree Female Male Copyright 2013 Accenture All rights reserved. 35

36 44 percent disagree that technology is a burden on free time With which of the following statements do you agree? Technology is a burden on my time outside of the office. 32% 22% 25% 12% 9% Strongly Agree Agree Neither Agree nor Disagree Disagree Strongly Disagree Copyright 2013 Accenture All rights reserved. 36

37 Similar percentages of men and women agree that technology enables them to be more flexible with their schedule With which of the following statements do you agree? Technology enables me to be more flexible with my schedule. 49% 50% 28% 29% 16% 16% 5% 4% 2% 1% Strongly Agree Agree Neither Agree nor Disagree Disagree Strongly Disagree Female Male Copyright 2013 Accenture All rights reserved. 37

38 Similar percentages of men and women have turned down or did not pursue a job because they were concerned about its impact on worklife balance Have you ever turned down or did not pursue a job because you were concerned about its impact on your work-life balance? 53% 52% 48% 47% Yes No Female Male Copyright 2013 Accenture All rights reserved. 38

39 Time that is disconnected from work is very important to work-life balance How important are the following factors with regard to work-life balance? Having sufficient time to disconnect from work. 44% 31% 22% 3% Extremely Important Very Important Somewhat Important Not at All Important Copyright 2013 Accenture All rights reserved. 39

40 Four out of five respondents who negotiated a pay raise received one What was the outcome? 43% 36% 36% 22% 26% 25% 16% 15% 15% 11% 9% 8% 8% 12% 16% Received a raise and it was as expected Received a raise and it was less than expected Received a raise and it was more than expected Did not receive a raise Did not receive a raise but received additional incentives/benefits Copyright 2013 Accenture All rights reserved. 40

41 Almost half of respondents asked for a promotion Have you ever asked for a promotion? 60% 47% 53% 40% Yes No Female Male Copyright 2013 Accenture All rights reserved. 41

42 And a similar percentage of men and women received a promotion What was the outcome? 41% 42% 16% 13% 15% 14% 15% 16% 6% 6% 7% 9% Received a new role and it was better than expected Received a new role and it was as expected Received a new role but it was not the role expected Another employee received the new role Did not receive a new role but received additional responsibilities Did not receive a new role or any additional responsibilities Female Male Copyright 2013 Accenture All rights reserved. 42

43 Missing a flight for vacation is worse than any other event listed Which of the following is worse for you? 26% 19% 19% 16% 14% 6% Missing a flight for vacation Losing your smart phone Forgetting your keys/being locked out of your home Catching a cold Missing a flight for a work trip Getting parking/traffic ticket Copyright 2013 Accenture All rights reserved. 43

44 Over half of respondents have a spouse/significant other with a full-time job Does your spouse or significant other have a full-time job? 58% 22% 20% Yes No N/A, I don't have a significant other Copyright 2013 Accenture All rights reserved. 44

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