Does the perfect work-life balance actually exist? What does it look like when we have it? Silvia Razgova / The National
Does the perfect work-life balance actually exist? What does it look like when we have it? Silvia Razgova / The National
Does the perfect work-life balance actually exist? What does it look like when we have it? Silvia Razgova / The National
Does the perfect work-life balance actually exist? What does it look like when we have it? Silvia Razgova / The National

Is it possible to achieve proper work-life balance?


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"When shall we live if not now?”

This observation on the human condition from Seneca, a Roman philosopher and dramatist who lived from approximately 5 BC to 65 AD highlights the tension we all face as we try to find balance and happiness in our busy lives.

A recent work-life balance survey that appeared in the local media has highlighted the reality of expatriate life in the UAE.

Out of more than 1,300 professionals (nationality not indicated for the UAE respondents), 56 per cent of UAE respondents reported their work-life balance was “awful”, with 12-hour shifts accepted as the norm.

Even though this is a relatively small data pool, certain conclusions can be drawn. I know the general feeling among many who live and work here calls attention to the gap between the reality of work in the UAE and that imagined by those left back in the home countries.

In my current role, I meet many professionals in public- and private-sector companies and organisations, very few of whom I could describe as appearing to be happy or fulfilled.

Often the grey, pinched faces staring back at me betray dreadful stresses silently endured by many who land on these shores with lofty dreams of deep blue seas lapping sun-drenched beaches, sipping sunset mocktails while pondering the joys of the “easy life”.

Does the perfect work-life balance actually exist? What does it look like when we have it?

Reasonable work hours, time for leisure, exercise and precious family time, no all-nighters to meet early morning deadlines, no checking emails at 2am, and no reliance on multiple cups of coffee, perhaps. Or is it one of those human constructs, like nirvana, that remains just out of reach?

Opinions wildly differ.

As The Huffington Post’s Lisa Earle McLeod recently remarked: “we know exactly what perfect work-life balance is supposed to look like; we just don’t know anyone who actually does it.”

Her take is that the concept of work-life balance sets people up for failure because it suggests that your work is on one side of the equation and your life is on the other. They are like two opposing forces that wage a battle against each other, resulting in unfortunate win-lose outcomes.

Again, Seneca reminds us of the dangers of giving too little attention to all aspects of our lives when he says: “He who is everywhere, is nowhere.”

On the other hand, The Entrepreneur magazine sees balance as far more achievable and sustainable when it isn’t portrayed as a conflict of interest.

There are many hundreds of “inspiring” stories on the internet that showcase the perfect work-life balance, shaming us with catchphrases such as “If These People Can Do It, You Can, Too!”

From Stephen, a doctor at one of Boston’s busiest hospitals, who decided to remain in his day-job and also enrolled as a graduate student in a competitive MBA programme to establish his start-up business to a power couple, Brian and Beth, who between them run four businesses and find time to host weekly radio shows and do a spot of lecturing at the local university, these people exemplify the “can-do, will-do” attitude of those actively pursuing a work-life balance.

It seems to me that having the perfect work-life balance energises people, making them even more successful and capable. It also appears to take a lot of effort, energy and good planning to achieve the ideal balance.

Waking up in the middle of the night sometimes provides a moment of reflection about ourselves and life. How am I going? Are things working out?

We usually know the answers to those questions, and for me, it means enjoying my life every single day in all the important areas of my life – work, family, friends, self.

It also means having a sense of achievement in those important areas which feed self-esteem and self-worthiness.

All of this appears to support that adage that busy people are happy people.

And if that is true, the words of Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai, in support of the new Happiness Ministry, highlight principles of sustainability and community cohesion that reinforce the importance of a work-life balance – “happiness and positivity in the UAE are a lifestyle, a government commitment and a spirit uniting the UAE community. The government system is evolving to realise the goals that every human seeks: happiness for him and his family.”

Everyone’s situation is different, so what do the experts tell us about how to achieve a work-life balance which works for us?

Firstly, some deep self-examination about our values and beliefs would help in setting out achievable congruent goals. When I make my job and career a priority because I value success and financial security, I’m not doing it to meet my company’s needs. I’m doing it because it fits with who I am and striving to be.

Secondly, be aware of the effect of that priority on the other important parts of your life – family, friends and self. And be forgiving of yourself when you sometimes mess up, when you are forced to work that late night instead of being at home reading a bedtime story to your child.

Finally, some firms in the UAE are rolling out bonus schemes to motivate employees in 2017.

As Dan Pink reports, people at work are motivated by a sense of autonomy, mastery of their skills and a sense of purpose – money may compensate for some late nights but it is fleeting and ultimately unrewarding.

Remain true to your values and remember these final words from Seneca: “As a tale, so is life: not how long it is, but how good it is, is what matters.”

Dr Peter J Hatherley-Greene is director of learning at Emarise

MATCH INFO

Jersey 147 (20 overs) 

UAE 112 (19.2 overs)

Jersey win by 35 runs

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The bio

Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.

Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.

Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.

Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.