Slowdown makes work more exciting for executives: Survey
Challenging economic times seem to be extracting the best from executives worldwide, as many of them are putting in longer hours and are having more responsibility at work.india Updated: Aug 23, 2009 12:37 IST
Challenging economic times seem to be extracting the best from executives worldwide, as many of them are putting in longer hours and are having more responsibility at work.
Interestingly, most of the executives also find their work more exciting and meaningful now, despite the rising stress levels, according to a survey conducted by global consultancy firm McKinsey.
"Most respondents are working more hours since the crisis began, and nearly 40 per cent have more responsibilities without the benefit of a new title.
"But although stress levels have increased, most executives say they can cope," the report said.
Conducted in July, McKinsey Quarterly survey received responses from 1,653 executives worldwide. Among the respondents, 47 per cent were C-level executives (like CEO and CFO) or corporate directors, while 33 per cent were senior executives and middle managers made up 18 per cent.
According to the survey, about 95 per cent of the executives were to some extent satisfied with their own performance but much less impressed with superiors' work.
"Most find their work more exciting and meaningful than they did before the crisis, and almost all -- 95 per cent -- are at least somewhat satisfied with their own performance as business leaders. Far fewer are impressed with the work of their direct superiors," it noted.