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29 April 2009 8:05am

More than half of employees in the Australian finance profession have had to take on extra tasks after staff cuts, but employers are failing to put in place countering work/life balance initiatives, a survey has found.

Almost one in two accounting and finance professionals (48%) works in a department affected by restructuring, according to Robert Half’s research, which involved 366 Australians (and 4,830 workers worldwide).

Some 58 per cent have taken on extra responsibilities as a result of consolidation, and 49 per cent report increased workloads (Australia was second only to Singapore in this regard, where 58% of workers had higher workloads).

Roughly in line with these figures, almost half (48%) of workers are reporting greater stress, the survey says. Some 33 per cent also report lower morale.

Robert Half found that despite these numbers, only 13 per cent of companies have introduced programs to manage work/life balance, and just 35 per cent have increased the level of communication between managers and staff.

According to David Jones, the managing director of Robert Half Asia Pacific, the one rule that employers should currently be living by is: “you can’t over-communicate in tough times”.

He acknowledges that communication can be more challenging when employees and managers are fearful for their jobs, and suggests giving people the opportunity to ask questions anonymously, “in an open forum whereby questions are submitted in an envelope so nobody knows who’s asking [them]. This ensures managers are made aware of the core issues in their departments and gives them the opportunity to respond.

“Without these sorts of initiatives, managers are often left in the dark and staff continue to feel insecure or unappreciated, leading to a decline in productivity,” he notes.

http://www.hrdaily.com.au/nl06_news_selected.php?act=2&nav=1&selkey=1140&utm_source=daily+email&utm_medium=email&utm_campaign=Daily+Email+Article+Link

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