New report has the answer
A new analysis of small to medium-sized business (SMB) employment and human capital economic indicators from HR services firm TriNet finds that employees today are working an average of 5.14 hours more per month than in 2007.
Compared to the 12-month period leading up to the start of the Great Recession, the reports shows that employees in all industries except professional services saw an increase in monthly working hours during the recession. The percentage increase ranged from 2.6% to 5.6% over the prior year. According to the report, working hours have not returned to pre-recession levels and were 3% higher in 2013 than in 2007.
- Leisure time decreased overall by 1.7% during the Great Recession and further decreased in 2013 by 3.4% compared to 2007.
- The information sector was impacted the most by the recession, increasing working hours by 20.8% in 2013 compared to 2007. In 2013, time spent on leisure activities by employees in the information sector saw a substantial decrease, with 28.7% fewer hours per month as compared to 2007.
- Working hours in the finance sector increased 2.6% during the recession as compared to 2007. Conversely, leisure time increased by 4.9%, a trend that was extended in 2013 to a 7.3% increase as compared to 2007.
- The amount of hours spent on PTO decreased by 12% during the recession compared to 2007. The number of PTO hours taken in 2013 has further decreased, dropping 16.5%, or 1.03 hours, compared to 2007.