Study Reveals More Than Half of Finance Managers Worldwide are Working Longer Hours



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

    TORONTO, Aug. 29 /CNW/ - 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-seven per cent of Canadian finance managers surveyed said their
        hours have increased over the last two years. Among those, close to
        two-thirds (64 per cent) said they now work an additional five to
        15 hours a week.

    -   Canadian respondents cited working an average of 42.5 hours per week,
        more than the 40.9 hours reported in the United States but below the
        average 43.2 hours worked in Australia, 43.8 hours in Italy and 47.1
        hours in Japan.

    -   Forty-four per cent of Canadian finance professionals said they take
        work calls or check e-mail in the evening at home. The results were
        10 percentage points higher than the global average, double the
        results in Germany and were second only to Netherlands (46 per cent).

    -   Only 29 per cent of Canadian practitioners said they never work
        weekends, versus 65 per cent in Spain and 55 per cent in France.
        One-quarter of Canadian finance professionals say they work three or
        more weekends each month.

    -   Nearly four out of 10 (38 per cent) of Canadian respondents said they
        sometimes or always take their laptops or PDAs with them on vacation,
        as compared to 16 per cent in Ireland, a country near the top of the
        list in hours worked.
    

    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 per cent of financial professionals polled said they work
between 39 and 45 hours per week, and more than half (52 per cent) 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 per cent), company growth (45 per cent) and understaffing (27 per cent).
    "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."

    Robert Half International was founded in 1948 and is traded on the New
York Stock Exchange. Its financial staffing divisions include Accountemps(R),
Robert Half(R) Finance & Accounting and Robert Half(R) Management Resources,
for temporary, full-time and senior-level project professionals, respectively.
The company has more than 350 staffing locations in the Americas, Europe and
the Asia-Pacific region, and offers online job search services on its
divisional websites, all of which can be accessed at www.rhi.com.

    NOTE TO EDITORS: For a copy of Working Hours: A Global Comparison or to
    schedule an interview for local commentary in Toronto, Calgary, Edmonton
    or Vancouver, please contact Jason Chapman at 416-350-2330 extension
    62070.





For further information:

For further information: ROBERT HALF INTERNATIONAL, Jason Chapman, (416)
350-2330, jason.chapman@rhi.com

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Robert Half Finance & Accounting

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