Finance Managers Worldwide Working Longer Hours

U.S. Professionals Work Fewer Hours Than Many Global Counterparts but are More
Likely to Work at Home and on Vacation

MENLO PARK, CA — A new global report shows that many financial professionals
are putting in more hours on the job than just two years ago, but exactly how
much time varies widely by country. The Robert Half International research also
suggests a trend toward increased accessibility of financial managers outside of
the office.

Among the findings:

  • Forty-five percent of U.S. finance managers surveyed said
    their hours have increased over the last two years. Among those,
    two-thirds said they now work an additional five to 15
    a week.
  • U.S. respondents cited working an average of 40.9 hours per
    week, more than the 40 hours the French reported but below the
    42.2 hours worked in Germany, 43.8 hours in
    Italy and 47.1 hours in Japan. (A chart illustrating this data
    can be found below.)
  • Nearly four out of 10 (39 percent) of U.S. respondents said
    they sometimes or always take their laptops or PDAs with them on vacation, as
    compared to 16 percent in Ireland, a country near the top of
    the list in hours worked.
  • Only 32 percent of U.S. practitioners said they never work
    weekends, versus 65 percent in Spain and 51
    in New Zealand. One-quarter of U.S. financial
    professionals say they work three or more weekends each month.

The Working Hours: A Global Comparison report was based on a global
survey conducted by an independent research firm and developed by Robert Half
International, the world’s first and largest staffing services firm specializing
in accounting and finance. The study includes responses from more than 2,200
financial managers across four continents, representing 17 countries.

Globally, 37 percent of financial professionals polled said
they work between 39 and 45 hours per week, and more than half (52
) said they have been putting in more time over the last two
years. The three most popular reasons for an increase in working hours are
taking on more responsibility (56 percent), company growth
(45 percent) and understaffing (27

“Finance and accounting managers have taken on new roles and responsibilities
due to company expansion and the emphasis on corporate governance and
compliance,” said Max Messmer, chairman and CEO of Robert Half International.
“This clearly has resulted in heavier workloads — and, in many cases, the need
to work longer hours.”

Messmer noted that as business becomes more global, it’s useful to understand
typical work hours and preferences across cultures. “Professionals around the
world have differing expectations of how and when they should work,” he said.
“As organizations branch into new countries, they must understand and respect
the customs within different parts of the world. While it may be acceptable to
call contacts in one location in the evening or during their vacation, for
example, others may consider it intrusive or unprofessional.”

Source: Robert Half Accountemps

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