Are you working more now than you ever have?
Feel like you're always at work? Well, you're not alone.
A recent survey released by Towers Watson found that two thirds of Canadian and U.S. companies admit to asking their employees to work longer hours. And it's slowly killing them.
"In the short run, having employees work extra hours can increase productivity, but in the long run, extended hours can negatively affect employee well-being and retention," Towers Watson’s Laurie Bienstock told Benefits Canada.
Overall, 60% of Canadian respondents report that employees have been working more hours over the past three years, and just under half (47%) expect this trend to continue over the next three years.
Additionally, a quarter (25%) of the employers surveyed said their employees have been using less of their vacation or personal time off over the past three years.
"Employees at many organizations are already suffering from change fatigue. As a result, when the labour market does recover, companies can expect a sharp increase in voluntary turnover, especially if they do not address employee concerns, and deliver reward and talent management programs more effectively," Bienstock declares.
The study also found that almost half (48%) of Canadian organizations are concerned about the long-term effects of changes they made during the recession on their employees’ ability to maintain a healthy work/life balance.
Does that sound like anybody you know?
Have you been clocking more hours over the past few years? Do you see any signs of this letting up?
By Gordon Powers, MSN Money