FDs say 48 hours are not enough
Could your company function if all the staff including the board worked a flat 48 hour week?
Could your company function if all the staff including the board worked a flat 48 hour week?
Almost 50% of UK finance directors believe their company could fail if their staff were limited to working a 48-hour week.
With the TUC condemning Britain’s long-hours working culture as a ‘national disgrace’, the results of the latest Accountancy Age/Reed Accountancy Personnel survey show there is no sign of it ending.
Some 45% of more than 400 FDs polled this week said their company could not function if all the staff, including the board, were forced to work a flat 48-hour week. One FD, who wished to remain anonymous, said: ‘Looking at France’s 35-hour working week, you can see the problems it’s causing regarding efficiency and employment for the business. You have to recognise that the hours worked cannot be put to a base minimum.’
Another FD said: ‘The flexibility and willingness to work additional hours enables firms to meet short-term rises in demand.’
Nevertheless, 49% of finance directors said their company could function if staff hours were cut. Mushroom Records FD Gavin Reed said: ‘Why shouldn’t everybody be able to do all their work in a 48-hour week? If they can’t it should be a staffing issue.’
PRIMA FD Simon Young said: ‘I appreciate employees need to be protected, though outside interference is unnecessary if people are not complaining’.
The numbers you crunch tell a story. Your expertis...
22yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article