4-day workweeks might need all the excitement, however one main tech firm goes in the wrong way.
Samsung is implementing a six-day workweek for all executives after a number of the agency’s core companies delivered lower-than-expected monetary outcomes final yr.
A Samsung Group government advised a Korean information outlet that “contemplating that efficiency of our main models, together with Samsung Electronics Co., fell wanting expectations in 2023, we’re introducing the six-day work week for executives to inject a way of disaster and make all-out efforts to beat this disaster.”
Decrease efficiency mixed with different financial uncertainties like excessive borrowing prices have pushed the South Korean firm to enter “emergency mode,” per The Korea Financial Every day.
Associated: Apple Is No Longer the Prime Phonemaker within the World as AI Stress and Competitors Intensifies
Executives in any respect Samsung Group divisions might be affected, together with these in gross sales and manufacturing, in response to the report.
Samsung had its worst monetary yr in over a decade in 2023, with the Wall Road Journal reporting that internet revenue fell 73% in This fall. It additionally misplaced its high spot on the worldwide smartphone market to Apple in the identical quarter, although it reclaimed it this yr.
Although staff under the manager stage aren’t but mandated to clock in on weekends, some would possibly observe the unwritten instance of their bosses. In any case, The Korea Financial Every day stories that executives throughout some Samsung divisions have been voluntarily working six days per week since January, earlier than the corporate determined to implement the six-day workweek coverage.
Entrepreneur has reached out to Samsung’s U.S. newsroom to ask if this information contains executives located globally, together with within the U.S., or if it solely impacts staff in Korea. Samsung didn’t instantly reply.
Analysis on the connection between hours labored and output exhibits that working extra doesn’t essentially enhance productiveness.
A Stanford mission, for instance, discovered that overwork results in decreased whole output. Common productiveness decreases attributable to stress, sleep deprivation, and different components “to the extent that the extra hours [worked] present no profit (and, in truth, are detrimental),” the research mentioned.
Associated: Samsung’s Latest Galaxy Gadget Goals ‘To See How Productive You Can Be’
Longer hours may imply long-term well being results. The World Well being Group discovered that working greater than 55 hours per week decreases life expectancy and will increase the chance of stroke by 35%.
The identical 55-hour workweek results in a 17% greater danger of coronary heart illness, per the identical research.
