Published on: 23 April 2024 Luxembourg boasts one of the world's top rankings for work-life balance, although Spain has recently claimed the top spot. But what makes Luxembourg shine in this arena?
In assessing work-life balance, several key factors come into play:
- Hours worked
- Paid time off (annual leave, sick leave, maternal and paternal leave)
- Happiness quotient
While Luxembourg offers 26 days of paid annual leave, Spain edges ahead with 30. Additionally, paternal leave in Luxembourg spans a mere 2 weeks compared to Spain's generous 12 weeks. Yet, Luxembourg consistently ranks high, thanks to its robust economy, elevated minimum wage, and equitable pay structures across various employment types, making it a haven for professionals.
Luxembourg's leave policies are a game-changer, facilitating seamless integration of work and personal life. Whether it's embracing part-time work as a parent or availing maternal leave, employees can prioritize family without sacrificing their career trajectory. With ample paid leave, individuals can return to work refreshed after moments of relaxation.
Job satisfaction
But it's not just about numbers; it's about satisfaction. Work-life balance isn't just a buzzword; it's the cornerstone of job contentment. Recent studies confirm this, with a significant majority citing it as the primary driver of workplace satisfaction.
According to a survey conducted by Jobs.lu, a leading job portal, a whopping 60% of respondents attribute their job satisfaction to work-life balance. Other factors like financial compensation and team dynamics also play a role, but none quite as crucial as achieving that elusive equilibrium between work and life.
Luxembourg isn't just a place to work; it's a place to live well. Discover a harmonious blend of career growth and personal fulfillment in the heart of Europe.
The role of recruiters
HR-partners like Select HR Luxembourg pay a pivotal role in all this. We serve as catalysts, bridging the gap between employer policies and employee needs. On one side candidates have different demands when looking for a new job, on the other side companies can’t always fill all those demands. As an HR-partner we mediate between the two sides and find common ground.
Not only do we attract top talent but we nurture a workforce that thrives. Thanks to our expertise in HR, we can address work-life challenges and advise companies on how to build a stronger wellbeing foundation. Which will result – In the end – in a more attractive employer brand.
Not sure how you could leverage the importance of well-being in your company as a competitive advantage in the job market? Leave it to the experts. Contact us for tailor-made advice on info@selecthr.lu
Sources:
https://www.hcamag.com/nz/specialisation/benefits/which-countries-have-the-best-work-life-balance/481425
https://delano.lu/article/work-life-balance-tops-salary-