Some years ago I read a study that found that companies which have a lot of overtime are less productive. I certainly believe it from my personal experience and from observations of coworkers.
http://www.eurekalert.org/pub_releases/2009-06/sfwi-doa061509.php
Public release date: 16-Jun-2009
Contact: Jessica Holden Sherwood
Sociologists for Women in Society
New research indicates overtime pressures are adversely affecting families
If dad looks exhausted this Father's Day it could be due to his job, suggests new research that found many male employees are now pressured to work up to 40 hours of overtime—often unpaid— per week to stay competitive.
Women face the same pressures, but family obligations may force them to work fewer hours on the job, putting them at risk for demotions or even firings.
The new findings, published in the journal Gender & Society, add to the growing body of evidence that heightened competition in the workplace, combined with modern business practices, are resulting in near-unprecedented levels of overtime that may not even be productive in the long run.
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In future, van Echtelt and her team hope that businesses will value their "employees more for their efficiency and relational skills and less for their crisis mentality and working long hours."
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