In this connected world we live in, ranking company executives have come to accept the fact that for business to thrive, sometimes it takes much sacrifice and commitment. Hence, many are devoted to their work, putting in more than the minimum time at the office—sometimes doing 60, or even 80 hour workweeks, even working seven days a week. Most even bring their work at home. Family life is sacrificed for financial gain or security.
However, recent studies have shown that this practice may not exactly be productive. After all, fatigue and stress are known to lessen productivity and hence, efficiency. Fatigue also affects the decision-making process, which can lead to costly mistakes.
It makes sense for businesses to rethink their executive workweek and compensation policies. Company formation experts advise businesses to consider efficient organizational structures at the outset, which would support the emerging needs of executives to go on flexible schedules or shared work arrangements. While it is, indeed, difficult to quantify the short-term performance gains, business solutions experts are sure to come up with novel ways of measuring the benefits.