March 20, 2017
Companies have a new crisis on their hands. Despite shrinking unemployment rates and projected economic growth, U.S. workers report feeling dissatisfied and burnt out. Why? Employees are expected to work long hours and stay plugged in on weekends and vacations with minimal pay increase. Dan Schawbel says companies need to stop the trend to avoid playing the high price of turnover:
Employees are spending more of their time doing work but their compensation hasn’t adjusted to reflect this increase in productivity. The legacy nine-to-five workday no longer exists either, and Gallup estimates that it is now 47 hours for a full-time salaried worker. Technology, especially smartphones and wearables, has greatly expanded the workday even more as employees are expected to respond to business matters anytime or place.
Outside of the workplace, employees are working on weekends and even on vacations. Vacations allow employees to regenerate so they can elevate their productivity upon return. A Project: Time Off study found that more than half left vacation time unused in 2015 because they couldn’t find the time to take them due to a heavy workload. Aside from vacation, employees can’t even find time to take breaks at the office.