There are too many good things you can do, according to financial analyst study on work-life balance

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Last winter, Goldman Sachs reported that a group of junior analysts were working to improve the situation after rebelling against 100 hours of work per week.

That’s wise and suggests a new study from the University of Toronto’s Rotman School of Management. Diligent analysts, based on workplace reviews of over 6,000 employees and surveys based on enterprise predictive accuracy data Work-life balance Generate career dividends for the company and for analysts.

“There is a lot of anecdotal evidence, but here we provide a lot of evidence to support the recent push to give these employees at least some grace over the extremes of their jobs,” said the Deloitte professor. said Olekristian Hope. I did some accounting at the Lotman School and worked on research with three colleagues.

However, too many good things are possible. The study found that improving work-life balance had a limited positive impact on performance.

The accuracy of the analyst’s forecast, that is, the accuracy of the forecast for the future earnings of the company and if it is the recommended stock selection, achieves work-life balance an analyst’s personal score of about 3.5, or “OK.” Then it will be the maximum with a 5-point evaluation. climb.

Return on investment based on these recommended values ​​showed a similar effect, with maximum return when the work-life balance reached about 3 out of 5 points. This is believed to be due to the need for a psychological stimulus and the requires efficient processing of information.

“If you have too much work-life balance, you can’t focus on your job,” said Professor Hope. “A little stress is probably good, but if it’s too much the pressure can be intimidating and you can’t do anything.”

Work-life balance has also been found to support career advancement for analysts, based on career mobility and promotion data, as well as information from industry-recognized award programs. . These rewards affect the rewards and career opportunities of analysts.

This is the first study to examine the role of work-life balance in the performance and career advancement of financial analysts. This was made possible by making employee reviews of the company they work for available through a social media platform called Glassdoor.

Researchers chose these employees to measure the impact of work-life balance because of their reputation for being more professionally aggressive, career-focused, and stress tolerant. Financial analysts can spend 70 to 110 hours per week during quarterly earnings season when a company releases a report. “These are not your typical animals,” said Professor Hope. Balance It will affect them like any other worker.

The information provided by financial analysts contributes significantly to the functioning of capital markets, so it is important to investigate financial analysts as well. “It is important in itself to learn about the causes of fluctuations in the performance of their work,” said Professor Hope.

Even happy employees don’t always perform better audits

For more information:
Ole-Kristian Hope et al, Happy analysts, Accounting, organization, company (2020). DOI: 10.1016 / j.aos.2020.101199

Quote: You Can Do Too Many Good Things, and a Financial Analysts Work-Life Balance Study (June 23, 2021) He says he got June 23, 2021 from -analysts-financiers-vie-travail.html

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There are too many good things you can do, according to financial analyst study on work-life balance

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