A top job at one of the country’s big listed businesses has its upsides. The pay (normally) isn’t half bad, the perks are numerous and there’s real prestige to being on the board of a FTSE Plc. But all of that comes at a cost.
A majority of directors in the FTSE 350 are worried they can’t keep up their current performance, according to a survey published by The Times and executive recruiters Odgers Berndsen today. Asked how long they can perform at their best with their current workload, 16% said less than six months, 22% said 6 months to a year and 38% said between one and two years. This looks like a ticking time-bomb of executive talent.
There’s little wonder Britain’s bosses are feeling busy. One fifth of them check their emails before getting out of bed and 18% check the news. They typically work late, with the average director leaving the office at 7:20PM, and often have to attend evening events.
When they finally do get home, many have a difficult time nodding off. One in ten rated their quality of sleep as ‘bad’ and 37% said they didn’t wake up feeling ‘refreshed’. Almost two thirds (65%) pressure to work at weekends and 92% respond to emails ‘at any time’.
Bosses said their biggest worries were unfinished work (47%), preparing for speeches and events (25%) and lack of knowledge about their own company (17%). Just 4% said they were worried about the media – we’ll see about that.
Despite all these challenges, bosses remain upbeat. A majority said they were motivated (75%), confident (70%) and performing (67%), and just 4% said they were over stressed. Let’s hope that reflects reality and isn’t simply a classic case of success-fuelled rose-tinted glasses.