Is Balance the Key to a Successful Workcation?

In recent years, workcations have been gaining wide acceptance in the asset management industry, with top firms including Schroders, Baillie Gifford, DWS and BlackRock allowing forms of temporary remote overseas working. With so many moving pieces at play, it begs the question, “How can I make it work for both the employer and employee?”

Caroline Walker, managing director of Cavendish Employment Law, recently contributed towards an article in the Financial Times discussing how balance is the key to a successful workcation agreement. 

Caroline had the following to say "Employers are now acutely aware that offering a quality work/life balance enables them to attract and, importantly, retain, talent in the workforce, as well as potentially minimising the risk of mental health conditions brought on by excessive work pressure or burnout," she says.

"International employees can spend quality time with family living overseas, or other employees can extend family holidays and work whilst their children play on nearby beaches.”

But these benefits must be balanced against “the needs of the business”.

Firms have to ensure employees have “enough physical attendance to feel connected to the business and other employees”, as well as consideration of the benefits from client-facing opportunities, Ms Walker says.

Read the full article to hear more about how you can make the most of your workcation.

At Cavendish Employment Law Limited, we are specialists in employment law and have won many high-value claims for senior employees and executives. Get in contact with us today for immediate expert advice.