HiBob , the company behind Bob – the HR platform that is transforming the way organisations operate in today’s world of work – revealed today that the average British worker works 215 hours per year of overtime.
Over two-fifths (42%) of workers don’t receive additional compensation for overtime work. This means that these individuals earn an average of PS4,022* per year.
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HiBob’s research examines how people perceive promotions. It reveals a culture of excessive overtime that is linked to the desire for pay increases and promotions. Over half of British workers (55%) believe that employees should make personal sacrifices in terms of time and convenience to achieve raises or promotions. Six out of ten (58%) would be willing to do so themselves.
The current economic situation has motivated four in ten Brits to remain in their job for a foreseeable time. They therefore ask their employers for pay increases and promotions.
In their next review of performance, 50% expect to receive a raise in pay and 31% expect a promotion. This may be because only 40% of people received a pay rise in their last performance review, and just 25% received a promotion.
Workers support the Right to Disconnect
Despite their willingness to work extra hours to earn pay raises and promotions 72% of workers are in favor of the proposed Right to Disconnect Law by Labour, also called the Right to Switch Off.
Ronni Zehavi is the CEO and co-founder of HiBob. She comments: “Today’s study reveals a harmful work culture that exposes how employees believe they can advance in the workplace. The overwhelming support of the proposed Right to Disconnect shows that a nation wants to stop working hundreds of hours of unpaid overtime each year, but cannot see any other way to progress without legislation.
It is ironic that people work unpaid overtime in order to earn more money. Employers need to show their care for their employees. If they do not, they risk losing their best employees to competitors who have a better work-life equilibrium, assuming that they don’t burnout before then.
Over one-tenth of UK workers (13%) will cancel or change vacation plans or other time off in order for them to advance within their organization.
A third of workers will leave their job when the economy improves
The economy keeps 42% Brits in their current roles, but businesses who do not invest in people run a risk when the economy improves. Over a third of Brits (38%) said they would likely look for a job when the economic situation improved.
A clear career path and training are proven ways to keep staff happy. However, 20% of employees claim that their company doesn’t offer any kind of development or training, while 20% can’t see a path for their career.
Ronni continued, “Despite the current economic climate, many employees have stayed where they are. However, the fight for talent continues to be fierce.” If companies do not prioritize employee development and wellbeing, they can expect their best talent to leave when the economy improves. It is an effective way to improve employee engagement. This sends the message that a company is concerned about its employees’ wellbeing and committed to creating an environmentally sustainable workplace .”
In February, the full findings of HiBob’s ‘Does hard work pay’ report will be made available at www.hibob.com. This report provides further insight on professionals’ opinions about the modern workplace.
The original version of this article British workers plan to change jobs when the economy improves and average 215 hours overtime per year, according to HiBob Research appeared first on Human Resources News.
