Financial services employees work longer hours than any other sector,
according to a pan-European survey.
Research by business communications provider Nextra shows 54 per cent of
employees in financial services work between 45 and 60 hours a week.
Of these, 27 per cent claim they are suffering from mental strain or
disorder as a result of their working practices.
More than 82 per cent of respondents in financial services claim work
encroaches on their evenings and 59.5 per cent say it often interferes with
weekends and public holidays.
Forty-eight per cent claim their work life can impact negatively on their
social and family life.
However, 86 per cent say they do not mind working such long hours. The
results also show that 39 per cent of financial services employees work at
home at least once a week.
According 61.5 per cent of respondents, working from home encourage
increases productivity and 53 per cent say it improves staff morale and
Nextra marketing manager Sara Gemmell says: “The survey highlights that
financial services employees work longer hours than in any sector.
“The pressure that staff are working under means that they are crying out
for more flexible working conditions.”