Big packets bring bigger worries, finds HT survey
Executives nowadays are paying for high salaries with endless work hours and poor quality of family life, writes Namita Bhandare.business Updated: Mar 17, 2007 12:03 IST
Reduced family time, 24/7 work schedules and concerns about health. Are cool cat MBAs ready for the rat race?
The fat salaries come at a price: frayed nerves and dissatisfaction at the workplace. An HT-C-fore survey of executives earning over Rs 10 lakh a year has revealed that there is a high level of concern about burnout and stress.
Sixty-six per cent of the 400 middle-level executives interviewed in Delhi and Mumbai said they are unhappy about their work-life balance. Only 11 per cent want better salaries, while 56 per cent said they would prefer a job with less stress, even if it comes with a smaller paycheck.
One-fourth put in over 12 hours a day and 77 per cent say they are accessible 24/7 via Blackberries and mobiles.
A whopping 93 per cent said they are on call even when they are not in the office. Almost everybody interviewed (98 per cent) either takes work home or goes into office even on holidays.
Predictably, dissatisfaction with personal time is high: 65 per cent said they do not get enough time for themselves, while 67 per cent said they do not get enough time with their families. Health is a concern, with 61 per cent convinced their work was putting their health at risk; 41 per cent said they were headed for burnout.
Only 16 per cent find their offices totally congenial; 60 per cent are unhappy with the amenities provided by their companies. Only 32 per cent said they look forward to going in to work every day. "Stress in the workplace is a given," said Gaurav Seth, a senior executive search consultant.
In the corporate jungle, there are no free lunches.