Source : TheManufacturer.com
Published : 07 July 2008
MANUFACTURERS DITCH HOLIDAYS TO
RIDE THROUGH RECESSION
Manufacturing industry executives across
the sector are cutting holidays, working longer and taking
on bigger loads as they attempt to make themselves ‘recession
proof’ – so says a survey by the Chartered Management Institute
released today.
As redundancy rates have doubled to three per cent over
the last year and 23 per cent of respondents rate their
positions as ‘insecure’, 29 per cent said they would prefer
to work through their holiday allocation in exchange for
cash and 14 per cent will not use their full allowance regardless.
For those that do take time off, a third will check their
work emails while away and 31 per cent will pick up voicemails.
A fifth will use the time for ‘background reading’ and developing
new skills.
“There is clearly a fear that ‘out of sight means out of
mind’ but without a proper break individual performance
can suffer and employers will notice mistakes more than
they will absence through holiday,” warned Jo Causon of
the CMI, “individuals need to recognise this and use holiday
time to recharge their batteries,” she added.
Extensive workloads were to blame for 27 per cent who don’t
take time off while 52 per cent said they did not want to
let clients down or further burden their colleagues. Staying
focussed on a major project was also cited by those choosing
to waiver breaks.
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