Is Being “Always On” Good For Productivity?

What impact does technology and the “always on” culture have on productivity?

Technology allows us to work when and where we want to.  But is the “always on” culture good or bad news for productivity in UK business?

A recent article in HR News discusses a recent survey by Aviva. The findings are that 72% of UK workers are checking their emails outside of work hours. On average we spend up to two and a half hours per week working outside our usual hours.  This equates to an extra 16 days at work per year.

Employers may feel this is good for productivity.  Additionally, in these days of flexible working, we like to be able to work at times to suit our lifestyles.  Technology allows us to do this, so where is the problem?

Is it bad to be able to work outside normal hours?

Many people like the freedom to catch up with some work in the evenings or at weekends.  If we work flexibly, it gives us the chance to take time out of work during normal hours.  Then we can make up the time missed when it suits us to do so.

But the downside is that we never really leave work behind for the day.  It is too easy to keep in touch remotely, which means managers can (and do) send emails outside working hours.  That is fine and they probably don’t expect an answer there and then.  But many of us see an email from the boss and think we need to be working because our manager is working.  It doesn’t matter how much a manager says “do as I say, not as I do”, it is human nature to want to please.  Particularly, we want to please the boss. So if we see them working we automatically feel guilty if we aren’t working too.

There is emerging evidence that this is having a detrimental effect on mental and physical well-being. We want to please the boss, but we also want to spend quality time with family and friends.  And we need to have a break from work.  Research by the Chartered Institute of Personnel and Development (CIPD) in 2019 found that 87% of organisations reported the inability to switch off after hours as the biggest negative effect on employee well-being.

What can employers do?

Have you thought of banning email at weekends or after certain hours? American healthcare company, Vynamic, have banned people from sending emails between 10pm and 6am and any time at the weekend.

You may think that this policy is a backward step for flexible working.  But the ban is only on hitting “send”.  Managers and employees are free to work whenever they please and to draft emails, but they are not able to send the emails.  If the matter is urgent, they can text or telephone the other party.  Vynamic have found that this ban is really effective.  Because there is no danger of getting emails, employees don’t feel the need to check for any and so they are free to enjoy their downtime.  And the sender of an email has to stop and think if the matter is so urgent that they need to send a text or pick up the phone.  Mostly it is not that urgent.

The CEO of Vynamic says it is the best benefit they have ever introduced – and at no cost.  Employee well-being has improved hugely.  What is more, the retention rate has increased as well as people want to continue to work for a company where they are valued and truly get a break at the end of the working day or week.

Do you want your employees to be well and happy?

Of course you do.  We all want that for our employees. It makes great business sense.  Well and happy employees are loyal and want to continue to work for you.  They are your advocates and tell your clients and the world that they work for a great company.

 

Then there is the financial aspect.  The cost of implementing this rule is fairly negligible, yet it has a huge impact.  The other financial benefits include reduced absence and a lesser need for recruitment.  How would you like to be the CEO of a company where everyone wants to work for you?

 If you think this article is useful and you would like any strategic HR support or information  on dealing with this  – or any other people-related issue in your business – contact us for a no-obligation chat.

Jill Aburrow runs an HR strategic consultancy business – JMA HR .  She provides strategic HR advice and support to businesses who want to improve loyalty, growth and profit. Why not join the JMA HR mailing list?  Jill has been a professional strategic HR advisor for over two decades. She is a Fellow of the Chartered Institute of Personnel and Development (FCIPD) and has a Post Graduate Certificate in Employment Law.

How Employee Financial Well-being Ignites Productivity

In August last year, I wrote an article about how you can support the financial well-being of your employees.  Now I want to concentrate on why this matters to employers.

This really fits as part of my current focus on productivity in the workforce.  A survey by Metlife UK  earlier this year  looked at employee financial well-being. 64% of senior managers said that addressing financial well-being will help boost productivity and engagement.

But businesses say they do not understand enough about the link between financial well-being, mental health and productivity.  They want more clarity on how to tackle this issue.

What is financial well-being and why does it affect people who are working?

In simple terms, employee financial well-being can be slotted into various categories.  Firstly we need to have an adequate salary to support ourselves and our families.  We need to be able to save for the future, in terms of things like mortgages or pension provision.  It is good to have a cushion to deal with emergencies.  And we want to be able to pay off existing debt.  These are key aspects of our financial well-being.   Understanding our finances and feeling in control is important.  And we want to feel that we are paid fairly for what we do and in comparison to others. It is linked to a belief about whether we are valued properly.

This is not just about pay (or low pay). It is not about financial mismanagement. And it is definitely not limited to a need for debt counselling.  Just because people are in employment, it does not mean they don’t have money worries.  And the worry is not confined to those on low pay.  Financial well-being can be a concern for all income groups, even those with a higher income or in a senior role. In fact, it can have a greater impact when we earn more.  The more we earn, the higher our financial commitments.

How does employee financial well-being impact the workplace?

The CIPD, in association with Close Brothers, carried out a study on employee financial well-being.  This shows that a quarter of employees say that financial concerns impact their performance at work.  The issues include loss of sleep. And time spent at work thinking about or dealing with financial problems.  It affects our productivity, our ability to do the job.  There can be an impact on ourconcentration and decision-making.   Additionally, nearly a third of people in the UK only have savings to cover up to three months if we lost our jobs.

There is a great deal of coverage in the press and social media about mental health and well-being in the workplace.  But many employers fail to grasp that employee financial well-being contributes hugely to employee mental health.  The CIPD has found that only a third of employers actively promote employee financial well-being.   This is largely because employers do not know where to start or how to work out what is needed .

Practical steps for employers

Larger employers  are more likely to provide benefits packages.  These may comprise a number of different benefits for employees.  Smaller businesses will offer a pension.  But they may not be in a position to offer a wider range of benefits.

Employers are well-advised to inform and educate employees about the options and what they mean.  This is the case however simple or limited the benefit package may be. Have you thought about consulting with employees to find out what is effective (or not)?  Are you confident they are making the right choices? This is even more important if you offer a variety of benefits.  Especially if people can choose which benefits to take.

There are many low cost or cost-free advice services which employers can provide.  Additionally, there may well be some local companies who would be glad to come into your workplace to advise and help your employees.  This may be at no cost to you, as the employer.

As employers, we have a duty of care towards our employees.  So we need to be aware of people who are working longer hours, not taking all their holidays.  Or those who are having unexplained sickness or are behaving uncharacteristically.  These could all be signs of problems.  And those problems could have financial difficulty as the root cause.  We have no right (or desire) to pry into people’s personal finances, of course.  But advice on where to seek help may be all that is needed.

What are the benefits for the employer?

How can you  help your employees to understand their finances and to become more able to control them?  If you can do this, you will benefit from a happier and more engaged workforce.  The immediate benefit is higher productivity. If people are getting a good night’s sleep and are able to concentrate at work, then they will be more effective, quicker and more accurate at work.

As an employer, you will benefit from the fact that people will have more trust in you. They know that you pay fairly, that you care about their welfare, that you support them through any difficulties.  This translates into better customer service, improved employer reputation, increased loyalty.  All of this improves business growth.  Why would any employer not want to see those benefits?

If you think this article is useful and you would like any strategic HR support or information  on dealing with this  – or any other people-related issue in your business – contact us for a no-obligation chat.

Jill Aburrow runs an HR strategic consultancy business – JMA HR .  She provides strategic HR advice and support to businesses who want to improve loyalty, growth and profit. Why not join the JMA HR mailing list?  Jill has been a professional strategic HR advisor for over two decades. She is a Fellow of the Chartered Institute of Personnel and Development (FCIPD) and has a Post Graduate Certificate in Employment Law.

Personal Financial Wellbeing – How Can You Support It?

Do you know about the personal financial wellbeing of your employees?

Earlier this year, I wrote a guest blog post for Nikki Ramskill, the Female Money Doctor.  Nikki is a medical doctor and she sees first-hand the effect that financial worry has on people’s health.  In my article I said that “A caring employer who wants to benefit from a healthy, happy and productive workforce should be thinking about how to provide financial advice.”

I am returning to this subject as it is dear to my heart and there has recently been a study by the Institute for Employment Studies (IES) into employee financial wellbeing guidance in organisations.

This study looks into what employers can do to support the personal financial wellbeing of their employees and why they might want to.

Horror Stories

There have been recent headlines  about people who are holding down jobs but are homeless.  And there have been other stories about people who are in full time work, but below the poverty line.

Of course, these are the extremes, but many people are in debt and are unable to save.  They are struggling to pay mortgages or rent and to feed and clothe their families.  Other studies over the years have come up with statistics such as: 40 per cent of adults say they are not in control of their finances; only 28 per cent of people have a savings buffer equal to three months’ income and a third of employees state financial worries are their biggest concern.

All of this will inevitably have a negative impact on the health of your employees.  It will give them higher stress and anxiety levels and affect their ability to sleep, their concentration levels and their absence due to sickness.  If they are suffering, then your business is also suffering.  They will not be performing well.  Their decision making will be affected.  They will have a reduced ability to concentrate.

You may be paying well and providing other benefits on top, but are you aware of the financial health of your employees?  If not, then you may be missing out on a good way to improve productivity, employee engagement and your employer reputation.  There are many low cost or even cost-free ways to help your employees to enhance their personal financial wellbeing.  And if you help them, then you are helping yourself too.

How can I help?

You could start by setting up an employee financial wellbeing strategy.  This does not have to be difficult.  It would be a good start to look at all the help you already provide and put it all into an easily accessible package.  You probably provide help already, but not in a clear format.

You can also signpost employees to help which is available for them – usually at no cost.  There are all kinds of support mechanisms, debt counselling, financial guidance, pension advice, savings schemes, etc which is available if employees know where to look.

Sometimes all that is needed is some financial education.  People are frightened of managing their finances because they feel they don’t have the skills or knowledge.

But I don’t want to invade their privacy

In these days of enhanced data protection, identity theft, invasion of privacy, employers are nervous of enquiring into the personal finances of their employees. But you don’t need to know specific details, unless the employee wants to share it with you.  Additionally, you might assume that your employees have adequate knowledge to make decisions about their finances – especially if you already provide advice on things like pensions and flexible benefits. But the IES study found that that many employees would positively welcome some engagement from their employer to help them to resolve any difficulties they may be facing.

If you think this article is useful and you would like more advice on dealing with this  -or any other people-related issue in your business – please join our mailing list, or contact us for further guidance.

Counting The Pennies

This is a guest-blog written for The Female Money Doctor, Dr Nikki Ramskill.  To read more, please go to http://thefemalemoneydoctor.com/blog

Are you giving your employees financial advice and support?

Your financial responsibility towards the people working for you shouldn’t stop with their pay cheque.

When people are struggling financially, they always hope for more income.  They try to find an extra job.  They volunteer for  some overtime, or hope to get a pay rise.  This is all so that they can pay their bills and feed their families.  Many people have more than one job or work overtime, so they can bring in a bit more money.  As an employer, you are already helping them by paying for their services.  But is there more you can and should be doing?

 

If you think this article is useful and you would like more advice on dealing with this  -or any other people-related issue in your business – please join our mailing list, or contact us for further guidance.