Wednesday, December 13, 2006
Overtime Pay is Overrated


According to a piece from the Wall Street Journal's CareerJournal: "The 70-hour week is no sweat for a new breed of executive."

"World-class workaholics," as titled by economist Sylvia Ann Hewlett from the Center For Work-Life Policy, have been unleashed. Based on a study pool of 2 million high-salaried employees in the U.S., many of them are showing signs of "extreme" behavior:
- More than 50% were working over 70 hours per week
- More than 65% were available to serve clients day or night
- More than 40% take 10 or fewer vacation days per year

However, these are not silent victims. More than 65% acknowledged that their health would improve with less work, 58% believed that their lack of leisure was hurting their relationships with their children, 50% felt that their sex lives have been taken a toll on, and 46% altogether blame their overextended employment for getting in the way of a healthy relationship.

Showing that some of Corporate America doesn't facilitate work-extremist behavior as mentioned above, 34 major companies have joined together to form the Hidden Brain Drain Task Force. Amongst those participating are Johnson & Johnson, Time Warner, and American Express, looking to figure out ways to reduce the pressures on managers to "perform and produce."

To be continued...

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