To feel fulfilled at work, employees must prioritize a healthy work-life balance and good quality of life, according to an Udemy report released on Tuesday. The report determined the factors that matter most to employees when trying to find happiness in their jobs.

SEE: How to succeed as a new IT manager (free PDF) (TechRepublic)

The report, conducted by Toluna Group on behalf of Udemy, surveyed more than 1,000 US office workers in full time jobs. The majority (69%) of respondents said they are currently working at their dream job, but those dream jobs are reliant on three key factors, the report found.

Here are the three factors employees need to be happy in a job:

1. Balance

Employees ranked balance as the factor that matters most in their careers, the report found. Nearly 40% of US workers ranked work-life balance as the most essential component to giving their work meaning, outranking personal accomplishments (19%), constant growth (16%), and contributing to a greater good (14%).

2. Learning

Among the age groups, Millennials valued learning and professional development most out of all other factors. This emphasis on growth may be because Millennials are the happiest in their jobs, with 84% citing their current position as their “dream job,” the report found.

3. Mission

While quality of life was the greatest motivator for respondents, company mission also played a large role, the report found. Across all age groups, most respondents said mission is both important and inspiring in the workplace. Some 62% of employees said they would take a pay cut to work for a company that has a mission they believe in.

To attain and retain top talent, organizations must prioritize these factors in their operations, the report said.

“The social contract between employer and employee has been upended, and the smartest companies have moved from a hierarchical, transactional relationship with employees to a collaborative partnership of mutual respect,” Cara Brennan Allamano, senior vice president of HR at Udemy, said in a press release. “Today, meeting employees’ personal needs and understanding their career goals are the best ways to foster a happy work environment where employees feel committed to meeting critical business goals.”

For advice on how to appeal to these factors, check out TechRepublics article on 3 ways managers can promote a healthy work-life balance.