The summer slowdown is still a reality in the UK, say finance leaders

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While the summer break can bring about heightened motivation and morale for employees, the majority (87%) of finance leaders say it has a negative impact on their business, new research from Robert Half, a leading recruitment specialist finds.

Only 13 percent of finance leaders say the summer slowdown won’t have any negative impact on their business.

The biggest impact is a result of increased annual leave (48%). Senior leaders attribute their being a ‘less managerial direction’ from annual leave, with multiple senior leaders away from the office on holiday (35%) and lost productivity (13%). While a quarter (25%) say that commercial activity will slow down, a further 14 percent say their workforce us less motivated during the summer months.

Phil Sheridan, UK managing director of Robert Half, comments:

“Although it can feel that business never stops, the summer months bring a great opportunity for UK workers to take a break, unwind and recharge their batteries. In the long run, businesses and employees benefit greatly from making the most of the summer slowdown as individuals who take regular breaks are known to be more motivated, have higher morale and are more productive on their return to work.

“Although it is clear that the majority of companies across the UK are impacted by the seasonal slowdown, with some advance planning the negative affect to businesses of employees taking their summer breaks can be alleviated. Many businesses looking to maintain productivity levels over the summer months are turning to temporary and interim professionals to help manage workloads and keep critical projects on track.”

 

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