Execs would take pay cut for fewer hours


More than one in three top executives would take a pay cut in return for working fewer hours, says a report from the Association of Executive Search Consultants.

The AESC's 2014 Work-Life Balance survey of 571 senior executives from around the world has shown that global executives work an average of 58.5 hours per week, and 39 per cent work more than 60 hours.

Globalisation and mobile technology has resulted in executives being available almost anywhere, anytime - even while they are on holiday.

The AESC says nearly one third of global executives would refuse a promotion or new job if they felt it would negatively affect their work-life balance.

"Over a third would accept a pay cut if it meant working fewer hours," the AESC said.

Fifty-two per cent of the respondents to the AESC survey said they were either satisfied or very satisfied with their work-life balance - up from 45 per cent one year ago.