We may work longer hours than ever before, but over two-thirds of employees around the world fail to get any recognition for working overtime. Todayís employers appear to expect that working long hours are the norm, with just 31% rewarding their staff for overtime.
According to latest research by international recruitment consultancy Robert Walters, the few employers that do reward their staff for working extra hours pay overtime as recognition.
Other popular forms of overtime payment include awarding time ëin lieuí and career progression. Just one percent of bosses offer gifts as a thank you to hardworking employees ñ in the form of dinner or theatre vouchers, for example.
ï 69% of employers donít recognise overtime
ï 11% offer overtime pay
ï 9% offer both time in lieu and career recognition and progression
ï just 1.5% give lifestyle gifts such as dinner vouchers
But the long-hours culture that is now especially prevalent in the UK is now so much part of the norm that employers routinely fail to reward their employees for putting in the extra hours at work. However, this attitude could result in faster staff turnover as employees seek better rewards for their work.
ìWith the increasing shortage of skilled staff around the world, employers should be thinking about ways to reward and retain staff. Motivating and encouraging hard work is a great way of getting the best out of employees,î comments Andrew Chancellor, managing director of banking & financial services at Robert Walters.
Other findings show:
ï Japan and the UK are most likely to reward overtime with pay
ï Continental Europeans are keen on rewarding long hours with career progression
ï Australia and New Zealand will generally offer time off in lieu as a reward for overtime
Working Long Hours?
Overtime work only rewarded by a third of UK bosses
