If you work more hours will you be more profitable? This is an important question for any business owner, manager, and employee.
If you’re trying to improve your productivity
, simple math would suggest that more input equals more output and thus you should work more. However, this question is not that simple.
To better understand the relationship between hours worked and profitability, GetCRM
analyzed data from the Organisation for Economic Co-operation and Development (OECD) about the top 35 hardest working countries in terms of hours worked per week. By comparing this data to GDP per capita numbers for the same countries, they were able to put together a graphic that visualizes the relationship between hours worked and economic value.
Their visual also compares:
- GDP per capita per hour
- Average wage per hour
- Average hours worked per week
Read on to learn more about their findings
and the relationship between hours worked and productivity.
Source: Does Working More Hours Lead to a Healthier Economy?