Updated: Thursday, 12th December 2019 @ 5:54am

Recession worries: Manchester bosses sacrifice family weddings, funerals and Christmas due to work commitments

Recession worries: Manchester bosses sacrifice family weddings, funerals and Christmas due to work commitments

By Hannah Hulme

Manchester bosses are working too hard, according to a study released last week.

A survey of 1,000 company bosses across the UK revealed that in Manchester, 15% have missed family funerals and weddings for work commitments.

A quarter also admitted to missing Christmas, New Years, and other family celebrations.

But with companies struggling to stay afloat throughout the recession, it is unsurprising that bosses are working hard to keep their businesses going.

Two fifths of bosses are working longer hours since the recession struck and this coupled with lower salaries has left some leaders in Manchester feeling undervalued.

Colin Mercer, Managing Director at recruitment agency Wickland Wescott, said: “Anybody who is in, or wants to be in, a position of leadership and authority in a business environment will know that there is no substitute for hard work.

“Dedicated graft is the back bone of business and this is reflected in our study, many bosses work long hours and often have to put business before other things in life.”

Some Manchester bosses have dealt with the pressure of an executive career by moving to less stressful roles.

Liam Duvel, 48, recently left his job as financial director of a large catering company, which employed over 16,000 people.

He had worked hard to make the business a success and earned enough money in the process to take care of a family of five and save for retirement.

But he left his job when he realized the stress was taking its toll on his health and lifestyle.

He said: “I’ve been fortunate enough to save enough money that I can be comfortable. A lot of people don’t ever get to that situation.”

Mr Duvel agreed with the survey, that the recession has lead to enormous stress for bosses across the UK.

“In this economic climate, there is a lot of pressure to ensure you’re making the right decisions for the future and that the business is on a firm footing.

“Money is king at the moment. People are hanging on to their cash and borrowing or over-trading which puts them under even more pressure to meet targets and grow a business and make it secure.

“The economic conditions are tougher than they’ve ever been which means there is more tension in the boardroom than ever.

Mr Duvel added that his hours became longer than ever towards the end of his career and that many bosses are doing ‘whatever it takes’ to keep their companies afloat.

However, the survey it’s not all doom and gloom.

It also showed that one third of Manchester bosses believe they inspire their staff and 10% said they were driven to work harder by those in their employ.

Mr Mercer said that this was one of the ways that bosses are coping with the pressure and that.

He explained: “It is these two qualities, of hard work and optimism above all else, that will help lead us out of these tough economic times.”

For more on this story and many others, follow Mancunian Matters on Twitter and Facebook.