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COUNTRIES THAT DEFY THE 9 TO 5

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COUNTRIES THAT DEFY THE 9 TO 5

Countries like Germany, Norway, Sweden and France are proving that you don’t have to work eight hour days or more to be productive.

Businesses in these countries offer alternative working options that aim to limit interactions with employees after hours, shorten the work week and encourage leave to be taken, and workers generally report higher levels of overall happiness and engagement.

To find out more, Instant Offices looked at different work cultures around the world and how factors like working closer to home, a decrease in hours and extended parental leave are challenging ideas of the traditional work environment.

Countries that work the most hours:

Region Average hours worked weekly National Holidays in 2017 (days) Annual leave in 2017 (days)
1.     Mexico 43.19 16 6
2.     Costa Rica 42.88 11 12
3.     South Korea 40.63 20 15
4.     Greece 39.27 12 20
5.     Chile 38.23 14 15
6.     Russian Federation 38.04 16 22
7.     Poland 37.75 13 22
8.     Iceland 36.15 13 24
9.     Portugal 35.92 12 22
10.   Israel 35.73 9 14

 And the least hours:

Region Average hours worked weekly National Holidays in 2017 Annual leave in 2017
1.     Germany 26.37 11 30
2.     Netherlands 27.29 7 20
3.     Norway 27.38 10 21
4.     Denmark 28.02 11 25
5.     France 28.50 11 30
6.     Luxembourg 28.98 10 25
7.     Belgium 29.63 10 20
8.     Switzerland 30.58 5 20
9.     Sweden 31.00 14 25
10.   Austria 31.25 13 25

Increased Employee Happiness

With UK workers believing that over 36% of their time spent at work is unproductive, we look at what countries around the world are doing to encourage employee engagement and overall happiness.

Research points to the fact that employers reportedly find it easier to attract top talent with flexible working options and a better work life balance. UK employees voted flexible working a favoured benefit, with 35% listing it as their top one.

Hours worked

Data shows that Mexicans work the longest hours, 64% more than the country that works the least hours, Germany. Costa Rica and South Korea work the second and third longest hours, working 63% and 54% more than Germany respectively. What’s more, Germans, can request a reduction in their hours if they work for a company with fewer than 15 employees.

In Sweden, the introduction of six-hour work days was established to motivate employees to work smarter at work while having more time to spend at home. Sweden and Germany are not the only countries that believe the 8-hour work day isn’t as effective as some think.

Paid leave

Interestingly, the USA is the only country on our list that doesn’t guarantee workers any paid annual leave, and nearly one in four Americans has no paid time off. In Mexico, it’s not much better – after completing a year of employment, employees are entitled to only six days of paid holiday per year (increasing two days thereafter for each year worked). In some cases, employees in Mexico will receive ‘personal days’ in addition to annual leave.

As we already know, Germans have the highest amount of annual leave with a whopping 30 days off annually. In Norway, it’s 21 days each year and in Denmark, the average paid vacation allowance is five weeks. The Danish consider family highly important, so finding a balance for work and home is easy – they have the right to five weeks of holiday a year, of which three weeks can be taken consecutively during the school vacation periods to encourage time with children.

Flexitime

The UK is committed to transforming the modern workplace, and through several benefits and options for employees, the UK labour market has introduced some of the most diverse working patterns in Europe. After 26 weeks of continual employment with a company, workers in the UK can request agile working options, including anything from job sharing and shift work to part-time work or even working from home. In Germany, flexitime is a popular working arrangement in larger organisations, and is agreed between the company and the employee at their discretion.

Maternal and paternal leave

On top of no paid leave obligations for US employers, they also aren’t obliged to give paid maternity leave to their employees. According to a study done by the US Department of labour, the majority of paternity leave taken in the US is an average of ten days or less. To increase happiness and encourage productivity, many businesses offer initiatives like flexitime.

In Chile, Portugal and Italy, paternity leave is compulsory — men have to take time off work when their babies are born. German employees with new born children are able to take a break from work for up to 12 months, with an additional 24 months able to be taken unpaid. In the UK, mothers can take up to nine months paid maternity leave.

Norwegians enjoy a generous 12 months of combined paid parental leave. In the UK, parents also enjoy shared parental leave, allowing the parent to split leave to take at different times. A father is also entitled to two weeks paid leave when the baby is born.

Lunch time

French employee’s time spent working can be broken up with a generous lunch break that can last 2 hours, and some smaller businesses tend to close for lunch so employees can spend time with their families. Germans follow similar suit, often having full, sit-down lunches with colleagues, with a lunch beer not something that’s frowned upon. In the US, a lunch break is almost a forgotten concept, with most workers eating lunch at their desk, similarly to the UK, where a lunch break usually lasts between 15 and 30 minutes.

The Spanish, like the Germans, tend to eat their largest meal at lunch time, but the siesta isn’t as common any more. Office/lunch time napping is growing in popularity in countries like Japan – a trend that would seem to contribute to burnout rather than prevent it.

Overtime

Labour ministries in Germany have banned managers from calling or emailing staff after work hours, except in an emergency, enforcing the idea that employees leave work at work when they go home. France followed similar suit when the country passed a law which requires companies with 50 or more employees to establish hours when staff will not send or respond to emails. In France, overtime is not generally part of the working culture – taking work home to do in the evenings or over the weekend is not common practice for regular employees, however senior staff are more likely to put in overtime. Regulations like these ensure that employees are fairly paid for work, and prevent burnout by protecting private time.

Through strict paid leave programs, like compulsory vacation time, maternal and paternal paid leave, countries like Norway, Sweden, France, and Germany take a strong stand when it comes to preventing worker burnout. With the rise of family-friendly workplaces, the reduction of hours spent at the office and different ways of working being encouraged, a new culture is emerging that challenges the traditional 9 – 5.

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How to lead a high-performing team

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How to lead a high-performing team 1

By Matthew Emerson, Founder and Managing Director, Blackmore Four

When we think about a great team, the image we conjure up almost always includes a superstar leader.  A smiling Sir Alex Ferguson guiding Manchester United to countless domestic and European successes year after year. The conductor of an orchestra, drenched in sweat, turning to take rapturous applause from an appreciative audience.  The self-styled entrepreneur-turned-CEO who has steered their company’s share price, profit margins and brand recognition to levels of international envy.  Our bias to assign the leader credit or blame for successes or failures that are actually outcomes of a team effort is strong and widespread, and results in both positive and negative outcomes for individual leaders that often overlook any team-based root causes.

Clearly, some people are better at leading teams than others. It is quite reasonable, therefore, to try and identify the traits that distinguish effective leaders from those who consistently fail to get the best out of people they work with. Literally hundreds of research studies have attempted to see which traits predict leadership effectiveness. However, none have succeeded in identifying any set of universal traits that could reliably distinguish and predict effective leadership from the rest.

For one thing, research has shown that there is no one leadership style that works well across all situations.  A style that may be just what is needed when working with skilled and trusted colleagues to develop a team may fail badly when a newly-formed team encounters a challenging situation that requires a quick, decisive team response.

A second problem with leadership styles stems from our assumption that leader behaviour is the cause of member behaviour and team dynamics. In fact, a leader’s style may, in many circumstances, be as much a consequence of members’ behaviours as it is a cause of that behaviour.  For example, if a leader is charged with managing a team of subordinates who are both competent and cooperative, the leader is likely to be more effective responding with a considerate, participative leadership style.  However, if team members are obviously not capable in carrying out the work and, moreover, demonstrate aggression in their dealings with the leader, a much more structured, directive and autocratic style is likely to be exhibited, to varying degrees of effectiveness.  Excellent team leaders are aware of their natural styles—they know what they like to do, what they can do easily and well, and what they can accomplish.

Effective leadership

On the one hand, we tend to overattribute responsibility for collective outcomes to the team leader. Although that tendency is often exaggerated there is no doubt that what a team leader does (and doesn’t do) is highly consequential for team performance.  Instead of focusing on a leader’s generalised behaviour (style) and who they are (character, superhero), the focus should be shifted onto what it is they actually do (action).

Effective leaders focus on the four basic factors we discussed in the previous articles in this series, starting with a compelling direction and clear accountability.  The team need to know that they are a real, interdependent team and that normalised behaviours, high expectations and trusting relationships are agreed across the group.

Sometimes most of these conditions will already be in place when a team is formed and fine-tuning them will not pose much of a leadership challenge. Other times, when the focus has been on individual work not teamwork, it will take great effort to establish these four basic factors.

Behavioural leadership skills

Matthew Emerson

Matthew Emerson

Great team leaders do not rely on any single strategy for promoting high team performance. Instead, they work hard in getting all of the factors we have been discussing aligned and pulling in the same direction. However, it’s not sufficient for those who lead teams merely to know about the factors for high performance; they also need to know how to create and maintain those factors—in a word, they need to be skilled in leading teams.

Effective team leaders are skilled in executing actions that narrow the gap between what is happening in the group or its context, compared with what the leader believes should be happening.  They are also skilled at managing their emotional response, resisting the impulses of acting too quickly and dealing with one’s anxieties.

Effective leaders demonstrate their ability to tap into the collective resources and coach teams in order to exploit potential to the fullest extent.  Being able to exploit those special moments at the beginning, middle and end of task and team life cycles can prevent future breakdowns or factors that hinder high performance.

The ability to inspire others is another commonly identified, essential behavioural skill for leaders of high-performing teams.  The is no single best way to provide it, but the key is to identify which of your skills and styles can best be used to create in others the passion you feel for your work and then to hone and develop those resources as one core element in your personal repertoire of team leadership skills.

Leading high-performing teams

There is no way to “make” a team perform well, let alone sustain outstanding high performance.  Teams create their own destinies to a great extent.  After a team has launched itself on a particular path, its own actions create additional experiences which then guide members’ subsequent behaviour, which can set in motion either a cycle of ever-increasing competence and commitment or a downward spiral that ends in collective failure.

Once members have established their shared view of the world and settled into a set of behavioural routines, there is not a great deal that leaders can do to change the team’s basic direction or momentum. What leaders can do is make sure the team is set up right in the first place, action the four factors and then constantly hone and learn to develop a number of key skills specific to team leadership.

About Author:

Matthew Emerson is the Founder and Managing Director of Blackmore Four, an Essex based management consultancy working with leaders of ambitious businesses to achieve outstanding performance through periods of growth or significant change.

Starting his career at Ford Motor Company, Matthew has developed his expertise in Organisational Effectiveness in key senior HR, Organisational Development and Talent roles, predominantly in Financial Services (Credit Suisse, Barclays and DBS) and most recently as the Group Head of Talent and Performance at UBS AG.

Having worked in and across Asia for six years as well as having ‘global’ responsibility in a number of his roles, Matthew has an appreciation of international and multi-cultural working environments.  He also has a multi-sector perspective, having worked with organisations in Manufacturing, Healthcare, Education and Technology.

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Oil prices steady as lockdowns curb U.S. stimulus optimism

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Oil prices steady as lockdowns curb U.S. stimulus optimism 2

By Noah Browning

LONDON (Reuters) – Oil prices were steady on Monday as support from U.S. stimulus plans and jitters about supplies competed with worries about demand due to renewed lockdowns to prevent the coronavirus from spreading.

Brent crude futures for March rose 7 cents, or 0.1%, to $55.48 a barrel by 1210 GMT. U.S. West Texas Intermediate crude for March was up 5 cents, or 0.1%, at $52.32.

“Sentiment was buoyed by expectations for a blockbuster coronavirus relief package … (but) the tug of war between stimulus optimism and virus woes is set to continue,” said Stephen Brennock of broker PVM.

U.S. lawmakers are set to lock horns over the size of a $1.9 trillion pandemic relief package proposed by new President Joe Biden, financial stimulus that would support the economy and fuel demand.

European nations, major consumers, have imposed tough restrictions to halt the spread of the virus, while China reported a rise in new COVID-19 cases, casting a pall over demand prospects in the world’s largest energy consumer.

Barclays raised its 2021 oil price forecasts, but said rising cases in China could contribute to near-term pullbacks.

“Even though the pandemic is not yet slowing down, oil prices have good reasons to start the week with gains,” said Bjornar Tonhaugen from Rystad Energy.

Supply concerns have offered some support. Indonesia said its coast guard seized an Iranian-flagged tanker over suspected illegal fuel transfers, raising the prospect of more tensions in the oil-exporting Gulf.

“A development that always benefits prices is the market turbulence that conflicts create,” Tonhaugen added.

Libyan oil guards halted exports from several main ports in a pay dispute on Monday.

Output from Kazakhstan’s giant Tengiz field was disrupted by a power outage on Jan. 17.

(Editing by David Goodman and Edmund Blair)

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Dollar steadies; euro hurt by vaccine delays and German business morale slump

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Dollar steadies; euro hurt by vaccine delays and German business morale slump 3

By Elizabeth Howcroft

LONDON (Reuters) – The dollar steadied, the euro slipped and riskier currencies remained strong on Monday, as currency markets were torn between optimism about U.S. stimulus plans, and the reality of slow vaccine rollout and the economic impact of lockdowns in Europe.

Market sentiment had turned more cautious at the end of last week as European economic data showed that lockdown restrictions to limit the spread of the virus hurt business activity, dragging stocks lower.

The safe-haven dollar declined gradually overnight, and riskier currencies strengthened. It then recovered some losses after European markets opened, and was at 90.224 against a basket of currencies at 1152 GMT, flat on the day.

On one hand, market sentiment is supported by hopes for President Joe Biden’s $1.9 trillion fiscal stimulus plans, as well as the expectation that central banks will continue to provide liquidity.

But, in Europe, the extent of the risk appetite was limited by a lack of progress in rolling out the COVID-19 vaccine as well the economic impact of lockdown measures.

German business morale slumped to a six-month low in January, surprising market participants who had expected the survey to show a rise.

“It’s very much a case of hopes for the future against the reality of the first quarter of this year which is going to still prove to be fairly troubled,” said Jeremy Stretch, head of G10 FX strategy at CIBC Capital Markets.

“For now at least, the optimism that we’re hoping for has been somewhat delayed and that has taken a little bit of steam out of the euro and just put a little bit of support back in the dollar but ultimately I think it is still a case of those high-beta commodity currencies, reflation currencies, will continue to perform well,” he said.

Analysts expect a broad dollar decline during 2021. The net speculative short position on the dollar grew to its largest in ten years in the week to Jan. 19, according to weekly futures data from CFTC released on Friday.

The U.S. Federal Reserve meets on Wednesday and Fed Chair Jerome Powell is expected to signal that he has no plans to wind back the Fed’s massive stimulus any time soon – news which could push the dollar down further.

“The process of tapering QE is likely to be a gradual process which could last throughout 2022, and then potentially be followed by the first rate hikes later in 2023,” wrote MUFG currency analyst Lee Hardman.

“In these circumstances, we continue to believe that it is premature to expect the US dollar to rebound now in anticipation of policy tightening ahead, and still see scope for further weakness this year,” he said.

The euro was down around 0.1% against the dollar, at $1.2153 at 1207 GMT. At the European Central Bank meeting last week, President Christine Lagarde said the bank was closely watching the euro. The euro surged 9% last year versus the dollar and reached new two and a half year highs earlier in January.

But despite this verbal intervention, traders remain bullish on the euro, expecting the bar for a rate cut to be high.

Elsewhere, the Australian dollar, which is seen as a liquid proxy for risk, was up 0.2% at 0.7726 versus the U.S. dollar at 1208 GMT.

The New Zealand dollar was up 0.5%, while the commodity-driven Norwegian crown was up 0.2% the euro.

The safe-haven Japanese yen was flat on the day at 103.815 versus the U.S. dollar.

Graphic: USD, https://fingfx.thomsonreuters.com/gfx/mkt/qmypmyjdxpr/USD.png

(Reporting by Elizabeth Howcroft, editing by Ed Osmond and Chizu Nomiyama)

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