Irish workers score poorly on Europe-wide restfulness score

As Irish workers come in the top five of the worst-rested countries in Europe, burnout and workplace dissatisfaction remain high. One solution is a brand new career challenge.
by IFSC News
08 Sep 2023
IFSC

International Financial Services Centre

New research from jobs website Indeed has found that Ireland is among the most attractive countries for international jobseekers, and in fact, Ireland is the third most attractive EU country for international jobseekers.

We may be considered an attractive destination for jobs but other research has identified that Ireland is in the top five “restless” countries in Europe.

Eight factors were considered, across 28 European countries, which included the minimum number of days paid annual leave and public holiday, maximum hours of work weekly, legal minimum duration of rest breaks, annual working hours per person, hours of daily and weekly rest, and the percentage of the population sleeping for seven hours or more each night.

Combined, these resulted in a “Restfulness Score” for each country, with Greece topping the charts as the most restless country in Europe. It was followed by Italy, the Netherlands, Hungary and Ireland.

The study’s authors said that “Countries like Greece and Italy ranked highly for restlessness because of how much time their population works throughout the year whilst allowing less rest time compared to the rest of Europe. This prevents workers from achieving a good work-life balance.”

Work-life balance

In April, the Work Life Balance and Miscellaneous Provisions Act 2023 was signed into law by President Michael D. Higgins. The Act, which gives new rights to workers, aims to support a balance between work life, family life and caring responsibilities.

Despite that, recent research from Gallup and Workhuman found that three in 10 Irish employees say that they feel burnt out “very often” or “always”. In terms of workplace stress, Irish employees are doing badly too, wth 6.5 out of 10 workers saying they had experienced stress “a lot” during the previous day.

Additionally, only 4.5 in 10 employees in Ireland reported that they were “thriving”. Other Gallup research has found that just 11% of Irish employees are engaged at work, a telling statistic for workers––and employers.

When people aren’t engaged at work, they are burnt out, prone to quiet quitting––aka doing the bare minimum and no more––and they are less likely to be doing work which absorbs and satisfies them.

The solution for many is to seek out a new job. If you'd like to move to a company where employee wellbeing is a priority and not an afterthought, then the IFSC Job Board is the perfect place to start. 

It contains thousands of open roles across financial services and baking. Discover three below.

By Kirstie McDermott

Finance Director, Siemens Healthineers, Dublin

Siemens Healthineers is a leading global medical technology company and is seeking a Finance Director at its Diagnostics Manufacturing site in Swords. You’ll be managing a group of finance professionals and providing analytical, forecasting, budgeting, LRBP and financial guidance and support to all functions at the site, direct all financial statements, reports, and analysis for the Swords’ site, as well as recruiting, managing, and developing the legal entity finance staff to ensure an uninterrupted and efficient accounting operation. To be considered, you’ll need CIMA/ACCA accounting qualification, BA/BS Degree in accounting/finance or equivalent qualification. An MBA, CPA, or equivalent profession accreditation is required, as is 10 years’ with significant financial senior management and reporting experience. Apply for this job now.

Compliance Manager, Aviva, Dublin

Aviva currently has a vacancy for a Compliance Manager. Here, you'll assist the Head of Compliance in implementing, reviewing and amending the company’s compliance policy, compliance plan, and other relevant procedures to ensure staff are aware of the role of the compliance function and their role in ensuring the company acts in a manner compliant with regulation. You should have knowledge of relevant legislation e.g. CPC, an LCI qualification, substantial life insurance or general insurance compliance experience ideally, with financial services experience required as a minimum. Additionally, you will have well-developed communication skills, and be comfortable in a constantly changing environment. See all the requirements here.

Business Consulting - Finance Transformation, Grant Thornton, Dublin

The Business Consulting team at Grant Thornton is looking to recruit an exceptional Senior Consultant with experience in finance transformation and project management roles to join the team and support continued success. This role will offer a huge variety of challenges and opportunities to make a serious impact on client’s businesses, your career and the firm. You will support, deliver and lead finance transformation projects such as finance function reviews, process, people and technology reviews and optimisations, systems and technologies analysis, improvement implementations, and P2P implementations. You should be a qualified accountant (ACA, ACCA, CPA, CIMA or equivalent); have a strong academic record including a third level degree, preferably in a finance/accounting, business or project related area, as well as a minimum of two to five years’ post qualification experience. See more requirements here.

For thousands more opportunities in finance, visit the IFSC Job Board today

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