sleep deprivation<\/a><\/span> have all been linked to a number of cognitive impairments (e.g., impaired attention, working memory, long-term memory, decision-making ability, and cognitive flexibility), employees working extended hours may make more mistakes and get less work done overall than they would have had they simply worked fewer hours. <\/span><\/p>\n\u00a0<\/span><\/p>\nWhy Many Overwork Anyway<\/span><\/h2>\nSome companies have tried to discourage their employees from overworking. In many cases, their efforts have not been successful. This raises the question, if overworking is bad for one\u2019s emotional and physical health, why would anyone continue working 70 plus hours per week when their bosses are telling them not to? In her interview with Purtill, Alexandra Michel, who has been following investment bankers for the past twenty years, offers some potential explanations. <\/span><\/p>\n\n Reward Structures:<\/strong> Michel notes that in some cases, the problem lies with reward structures that incentivize overworking. She states:<\/span><\/li>\n<\/ul>\nWhen an organization says \u2018we value work-life balance, we want our people to not work on weekends, we want blah blah blah\u2019\u2014there is still this competitive structure where people have an incentive to work all they can because others are doing the same thing, and only winners get rewarded.<\/span><\/p><\/blockquote>\n\n Social Status: <\/strong>Michel believes that for many people, a desire for status and respect is the most powerful motivator. She states:<\/span><\/li>\n<\/ul>\nIn the end, if you ask me, what is the one true fear? [\u2026] It\u2019s the loss of social status. It\u2019s not the money. It is that people who formerly looked at you with respect and esteem will all of a sudden ignore you.\u00a0<\/span><\/span><\/p><\/blockquote>\nThis explanation receives some backing by theories in the psychology of motivation. For example, according to Abraham Maslow\u2019s hierarchy of needs, which categorizes and ranks needs or desires in terms of the importance attributed to them, individuals must satisfy their need for esteem, which includes prestige and the feeling of accomplishment, before they can focus on the fifth and final need of \u201cself-actualization.\u201d<\/span><\/p>\n\n Lack Of Knowledge: <\/strong>Some employees may continue overworking because they don\u2019t know just how bad it is for them or that it might decrease their productivity. <\/span><\/li>\n<\/ul>\n\u00a0<\/span><\/p>\nHow Should Employers Respond<\/span><\/h2>\nBelow are a few suggestions employers can practice to reduce employee overwork.<\/span><\/p>\n\n Change The Reward Structure: <\/strong>If overworking is due to reward structures that incentivize it, then it stands to reason that one can combat overworking by changing the reward structure. This is the response that companies like PricewaterhouseCoopers (PwC) and Boston Consulting Group have chosen. More specifically, as Purtill notes, PwC recently announced:<\/span>\u00a0<\/li>\n<\/ul>\n\nthat it will pay a $250 bonus, up to four times a year, to employees who take a full consecutive week of vacation. Boston Consulting introduced options for employees to take up to two months off or reduce their work schedules while remaining on their career tracks<\/p>\n<\/blockquote>\n
\n Boost Social Status:<\/strong> Another option is to boost the degree of social status that employees associate with their position. Some businesses have attempted to accomplish this by changing their employees\u2019 job titles to ones that sound more respectable. However, this is unlikely to be enough on its own. When possible, it is important to accompany job title changes with status conferring changes in the job itself.<\/span>\u00a0<\/li>\n<\/ul>\n\n Educate: <\/strong>To the extent that employees are motivated to work excess hours because they have false beliefs about the effects of overworking, employers can address the problem by distributing the relevant articles and research papers to educate them on the consequences of such behavior.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"Overwork is on the rise. This is bad news for employees and employers alike. To solve this problem, companies must take a close look at the desires and beliefs that motivate it.<\/p>\n","protected":false},"author":1,"featured_media":12323,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"acf":[],"yoast_head":"\n
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