Millennials and FinTech Will Solve the Work/Life Balance
For many people, the work/life balance is an important notion that ends up seeming more like a dream. Even though we want to spend time on ourselves or with our families, the stresses of our careers and the modern work world end up taking precedence.
According to a 2015 PCMA study, 38% of employees missed important life events because of their career and 57% say they can’t even guarantee a quiet family dinner without work interruptions.
Not surprisingly, millennials want to change this balance. And FinTech companies, eager to enlist their talents, are changing the workplace to better suit the needs of this demographic. By offering, for example, flexible hours, FinTech startups can attract talent without necessarily being able to offer the high salaries many major banking institutions provide.
One example of a company striving to create a healthy work/life balance for its employees is Easy Pay Direct. Launched in 2006 and led by Brad Weimert, the company says it will “strive to be the most pleasant people you talk to.” In order to create a good environment and an upbeat staff, the company has weekly happy hours and social events designed to blow off steam and cultivate teamwork (i.e. paintball). In February, however, Weimert went one step further and gave his employees a free day to go enjoy life.
On February 29, employees of Easy Pay Direct were encouraged to go and do something that made them happy, either with their family, friends or just on their own, something they haven’t been able to do because of their work responsibilities. Although this offer of an extra day off may seem like a concept that would never make it past the idea board at Fortune 500 companies, Easy Pay Direct used it to create a healthier and happier work environment.
It’s been said that happy workers mean happy customers. Given this logic, it makes sense that companies should start to shift their thinking to a way that creates happy and healthy staff members. As FinTech is as industry that is at the cutting edge of technology and is leading a new world order, it makes sense that this is the industry leading the way in the new work world.
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