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Real Business : 2013 Issue 1
23 for Manpower Group Australia, says that more closely correlates with the anecdotal snapshots he’s been seeing in workplaces. “Everyone seems to be working longer hours nowadays,” Riley says. “That’s indicative of the market and employer concerns about productivity. Rightly or wrongly, it seems to have become the new norm.” The movement is most pronounced in the finance industry. Particularly in the wake of the global financial crisis, staff at all levels in the sector have been increasing their engagement as firms attempt to do the same – or more – with fewer resources. Recent research from Robert Half estimates Australian finance workers currently put in an average of 43.2 hours per week (see graph above). The finance industry in particular has seen an increase in what Riley calls “double-hatting” work arrangements, in which the duties of departing employees are spread among remaining team members instead of new staff being brought in. Chained by technology Alongside these economy -wide efforts to stretch resources, professionals are also putting in more hours of their own accord. That’s partly thanks to the enabling power of communications > hOw much is tOO much? luxemBouRg 47.6 Japan 47.1 iReland 45.8 iTaly 43.8 spain 43.7 ausTRalia 43.2 hong Kong 43.1 neW Zealand 42.8 The neTheRlands 42.6 Canada 42.5 Belgium 42.3 geRmany 42.2 uK 42.1 CZeCh RepuBliC 41.0 us 40.9 FRanCe 40.0 sWiTZeRland 36.4 AvErAgE hoUrS WorkEd aRound The WoRld Source: Robert Half, UK
Issue 3 2012