Only 13% of Australian finance leaders say they don’t experience a negative impact on their business during summer months. Read the full release today.
While summer break is beneficial for employees and offers the perfect opportunity to recharge the batteries, summer months bring along certain challenges for companies according to a global survey commissioned by specialised recruitment company Robert Half.
- Only 13% of Australian finance leaders say they don’t experience a negative impact on their business during summer months
- 34% experience slowed commercial activities in summer and 21 % say productivity loss due to annual leave is a concern
- The summer months offer vital employee benefits to relax and recharge the batteries
The independent survey reveals that 87% of Australian CFOs and finance directors experience a negative impact on their business during summer months. Only 13% say that the summer would not have any negative impact on their business.
More than one third (34%) of Australian finance leaders say that slowed commercial activities are the biggest challenge for their business during summer months, followed by 30% who indicate that there is less managerial guidance due to annual leave. Another 21% state that the company - because of annual leave – is less productive. Merely 2% say that staff are less motivated.
David Jones, Senior Managing Director Asia Pacific said the following: “Getting away from work, having a holiday and recharging the batteries is vital for every employee and critical to the success of every business. Employees who take regular breaks are generally more satisfied with their job, more motivated and more productive upon their return."
David Jones continued: "The reality is that many companies cannot afford to put ongoing projects and tasks on hold during the summer months. To keep productivity levels up while employees enjoy their well-deserved holiday, companies regularly call on temporary and interim workers to alleviate workload for employees who are in the office and to continue to meet the demands of their customers.”
Summer slowdown is a reality across the globe. While Australia is just slightly higher in its results around commercial activity, managerial direction and lost productivity, when compared to the rest of the world, the trends are closely mirrored in other countries.
Over the summer months, which of the following will have the greatest impact on your business?
|Slowed commercial activity||34%||33%|
|Less managerial direction due to annual leave||30%||29%|
|Less productivity due to annual leave||21%||18%|
|Less motivated workforce||2%||9%|
|No negative impact||13%||11%|
*Source: independent survey commissioned by Robert Half among 2,425 CFOs and finance directors in Austria, Belgium, Brazil, Chile, China , Dubai, France, Germany, Hong Kong, Japan, the Netherlands, New Zealand, Singapore, the UK, Switzerland and Australia.
Robert Half offers five recommendations for companies to ensure their teams can enjoy stress-free holidays:
- Set up a team planning day: this means tasks can be divided between the team when employees are on holiday. It enables every employee to know his or her responsibilities and schedule them in advance.
- Be prepared: it is important to clarify expectations and deadlines. Clear agreements with respect to all tasks are needed to better manage the additional workload.
- Provide support: by relying on temporary and interim workers during the summer months organisations can meet deadlines for the most urgent projects and daily tasks, but also ensure that permanent employees are not overloaded.
- Allow some flexibility: employees who are given additional flexibility in the period just before their holiday will be more inclined to make additional efforts to complete their tasks on time.
- Encourage employees to take all their entitled holidays: every team member has the right to a minimum number of holidays and it is important to encourage employees to take them. Employees who take all of their holidays are generally more satisfied with their jobs and are more productive throughout the year.