ACC Global Report Addresses State of Work-Life Balance in the Corporate Legal Community
Findings Spotlight Disconnect Between Benefits Offered and Employees’ Comfort; Efforts Balancing Personal and Work Demands By Caregivers and Non-Caregivers
Posted: Sep 29, 2014
WASHINGTON (September 29, 2014) – The Association of Corporate Counsel (ACC), a global bar association representing more than 35,000 in-house counsel in over 85 countries, today released its first global report on the state of work-life balance among in-house lawyers, which underscored the worldwide movement toward creating a healthy equilibrium between professional ambitions and personal goals.
The 2014 ACC Global Work-Life Balance Report received insight from 2,004 corporate counsel in 43 countries, including Europe, Middle East and Africa (EMEA) region, Asia Pacific region, Canada and Latin America. According to the report, work-life balance was a significant consideration when choosing an in-house position for 62 percent of in-house lawyers who are caregivers, compared to 45 percent not providing primary care for others.
"The perception of work-life balance plays a significant role in the career decisions of business executives across the globe, especially those working in the compliance and ethics, regulatory and employment and labor sectors," said Veta T. Richardson, president and CEO of ACC. "In order to eradicate barriers between benefits offered and employees' comfort using them, companies need to encourage participation and educate employees about the long-term benefits. This will also help attract and retain talent and ease turnover costs."
Survey results demonstrated varying levels of happiness by law department size. In-house counsel working in large legal departments (200+ employees) expressed more favorable views toward the level of departmental support offered to caregivers, compared to those working in small to mid-size legal departments.
Fifty-eight percent of survey respondents are happy with their work-life balance in their current work setting. Globally, Canada and the United States rank work-life balance satisfaction more positively (62 percent and 59 percent respectively) than those in Latin America (47 percent), EMEA (44 percent) and Asia-Pacific (33 percent).
"Understanding employees' work-life balance perceptions and needs is the first step to building strong diversity and inclusion programs," said David R. Allgood, chair of the ACC board of directors and executive vice president & general counsel, Royal Bank of Canada. "At a time when caregiving is becoming an increasingly important role for many employees, the 2014 ACC Global Work-Life Balance Report offers a summary of still unfulfilled work-life balance needs and best practices so that corporations can better hone their programs."
Additionally, technology (47 percent), compliance and ethics (44 percent), real estate (42 percent) and employment and labor (42 percent) are industries where in-house lawyers considered searching for another role in anticipation of parenting or caregiving responsibilities.
Other key findings in the report:
For more information on the 2014 ACC Global Work-Life Balance Report or to purchase a full copy of the survey, visit www.acc.com/surveys.
About ACC: The Association of Corporate Counsel (ACC) is a global bar association that promotes the common professional and business interests of in-house counsel who work for corporations, associations and other private-sector organizations through information, education, networking opportunities and advocacy initiatives. With more than 35,000 members in more than 85 countries employed by over 10,000 organizations, ACC connects its members to the people and resources necessary for both personal and professional growth. By in-house counsel, for in-house counsel.® For more information, visit www.acc.com and follow ACC on Twitter: @ACCinhouse.
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