Facebook Twitter LinkedIn
Register for our daily updates!


Featured Advisor



Kim Butler
President

Partners for Prosperity, Inc.

City:Mt. Enterprise

State: TX



BIOGRAPHY:
I have 20+ years of handling alternative investments in cash, growth and income for clients nationwide.  I strive to help my clients with all things financial in every way possible over the phone and the web.  I own an alpaca farm which I enjoy working during my downtime.  I also enjoy gardening, writing and reading books.  I also train other advisors on Prosperity Economics.

Click to see the full profile


Share |

Working Longer Every Day

Some management level employees believe having flexibile work hours hurts them in terms of advancement.

| BY Kent McDill

The modern business world is becoming more flexible in terms of working hours, but that flexibility is being offset by extended work hours for people in managerial positions.

According to a study performed by Harris Poll for the tax and consulting firm EY, workers identified as managers are working longer hours than ever and that is true not only in the United States but elsewhere in the world.

Taking information from 9,700 adults between the ages of 18 and 67, almost half of those who are managers reported working more than 40 hours per week. Forty percent of managers said their hours have increased over the past five years.

The study looked at workers from eight major countries, and found that 61 percent of managers in Mexico are working more than 40 hours, while 58 percent of managers in the United States are on the job for more than 40 hours.

Those totals were compared to managers in China, of which only 19 percent said they are working more than 40 hours a week. In the United Kingdom, 34 percent were burdened with more than 40 hours of work each week.

Interestingly, in the world of increased flexibility and work-life balance, managers who are also parents were more likely to report longer hours in the last five years than non-parents, 41 percent to 37 percent.

The work-life balance issue is affecting employment, the study found. While more than two-thirds of respondents said they might quit a job if they were not allowed to have flexible work hours, 10 percent said their employment was negatively affected when they worked flexible hours or requested flexibility.

Asked why they quit a job most recently, the top answer was minimal wage growth, followed by lack of opportunity to advance, excessive overtime hours, a poor work environment and the lack of flexibility in work time.

Well more than half of full-time employees in the United States have a spouse or partner who works at least 35 hours a week. Seventy percent of American parents in the survey had a partner working at least full-time.

For managers in the United States, the greatest challenge to the job is “finding time for me” (76 percent) followed by “getting enough sleep” and “managing personal and professional life”.

 



About the Author


Kent McDill

kmcdill@spectrem.com

Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for www.nba.com. He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.

In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.

McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.

McDill is the father of four children, and an active fan of soccer, Jimmy  Buffett and all things Disney.