Insurance

Round-the-clock working ‘a false economy for multinationals’

A quarter of employees believe it harms their mental wellbeing

The trend for employees to work around the clock is leading to a false economy within the UK’s largest multinationals, insurance broker Lockton has warned.

The broker’s inaugural Global Benefits Forum Survey found 74% of employers contractually require their employees to be available outside of core office hours.

However, 26% of employees believe this obligation negatively impacts their mental wellbeing.

Although 90% of employers said working longer hours does not have an effect on productivity, 20% of employees thought otherwise.

The survey also found half of employers offer mental health resilience support for their employees and a further 24% expect to do the same in the next decade.

Half of employees cited flexible working hours as the most important benefit they could receive in the next 10 years.

Chris Rofe, senior vice president of UK and international benefits practice at Lockton, warned that with employers spending millions on health and wellbeing initiatives, many are failing to acknowledge one of the biggest risks to their employees’ health and wellbeing.

“This just doesn’t make sense and leaves employees performing sub optimally or at worst, burning out altogether. Even the most dedicated and driven employees reach their limit and employers owe it to all employees to ensure appropriate down time to re-charge and re-energise,” he added.

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