In a recent discussion with 2016 Batch Talented Staffs, Dato Dr Chua shared his insights on the importance of work-life balance, particularly for young talent. Drawing from personal experiences and industry studies, Dr Chua emphasized the need for organizations to adapt to the changing workforce and cater to the needs of younger employees.
The Importance of Initiative
In a recent discussion, Dato Dr Chua shared his insights on the importance of work-life balance, particularly for young talent. Drawing from personal experiences and industry studies, Dr Chua emphasized the need for organizations to adapt to the changing workforce and cater to the needs of younger employees.
Passion as the Foundation of Work-Life Balance
Dr Chua believes that passion is the key to achieving a work-life balance. When individuals are passionate about their work, it becomes more than just a job. Supported by his family, Dr Chua focuses on helping clients’ businesses flourish and addresses their challenges with their best interests at heart. Passion drives individuals to excel, leading to better social and economic standing and the fulfillment of personal aspirations.
Addressing Workplace Stress among Young Employees
Dr Chua acknowledged the heightened levels of stress experienced by younger employees, citing the 2015 / 2016 Global Benefits Attitudes Survey by Willis Towers Watson. The study found that 50% of Generation Y staff in the UK faced increased workplace stress, compared to 44% of Generation X and 35% of baby boomers. Although these statistics are from the UK, they reflect the situation in most fast-paced economies today.
Promoting Work-Life Balance at Cheng & Co
In response to these findings, Cheng & Co redefined its core values to I.M. F.I.T., with “Mutual Responsibility & Care” encompassing work-life balance as a key component. To attract and retain young talent, the firm focuses on understanding their motivations and finding the right balance to ensure job satisfaction. Dr Chua believes that Cheng & Co’s greatest asset is its people and that catering to their needs is crucial to the firm’s success.
Adapting the Workplace for Millennials
As millennials continue to enter the workforce, organizations must adapt the workplace landscape and dynamics to accommodate their needs. Younger employees are increasingly concerned about long, stressful hours at the expense of personal time, questioning the value of an attractive salary. Dr Chua is committed to making Cheng & Co the preferred workplace for all generations by acknowledging and addressing the importance of work-life balance.
Conclusion
In conclusion, Dato Dr Chua asserts that passion is the key to achieving work-life balance for young talent. By valuing initiative, fostering a supportive environment, and adapting to the needs of a changing workforce, Cheng & Co is well-positioned to continue attracting and retaining top talent while helping employees navigate the challenges of today’s fast-paced business world.