Business leaders — and their employees — are tired.
That’s one of the conclusions from the Adobe Document Cloud “The Future of Time” survey, released Thursday. The study included 2,100 small and medium business leaders, as well as 3,400 employees of major companies in the US, UK, France, Germany, Australia, New Zealand and Japan.
“Burnout has gotten worse over the past year,” Todd Gerber, vice president of product marketing for Adobe Document Cloud, wrote in a company blog post about the survey. Fifty-six percent of SME leaders said they are working longer than they would like. Of that group, 65 percent say they have worked more since the start of the coronavirus pandemic.
A majority of leaders also said they feel they should always be reachable (61 percent) and that they always have to wait a long time for work (57 percent).
For some groups of business leaders surveyed, the struggle seems to have undermined the joy of owning a business: For example, 55 percent of minority entrepreneurs say they no longer feel connected to the reason they started their business. Meanwhile, 49 percent of essential businesses — defined as those that provided consumers with critical products or services during the pandemic — say they would sell their business tomorrow because it no longer brings happiness.
According to the survey, things aren’t looking much better for workers. Companies should be aware: More than a third of employees said they plan to change jobs next year. And of those employees in the company who say they work more hours than they would like, 39 percent blame corporate culture. To retain your employees and attract new ones, you should definitely check it out Inc.‘s advice about increase compensation, increasing salary transparency in vacancies and more.
Adobe’s survey, conducted online in April and May, defines SMBs as companies with between one and 999 employees. “Business leaders” include those who “handle contracts and documents that require legal signatures for their business.”