May 19, 2020

Working lunches add weeks to your working year

working too hard
working lunch
no breaks
employee rights
Bizclik Editor
2 min
Working lunches add weeks to your working year

I has emerged that many Aussie employees are working an extra 40 hours a year due to skipped breaks.

A study of 1000 Australians found that 44 percent have skipped lunch to keep working, and 59 percent have worked while eating lunch.

News website news.com.au polled its readers, and with more than 2000 responses, there is a clear pattern amongst the work force.

The poll found that 55 percent felt "too guilty" to take a lunch break, choosing instead to continue working. Many of those questioned stated their desire to get ahead within the company, or that they felt pressure not to appear like a slacker. Almost one in five workers said they were worried if they take full lunch breaks every day people will think they’re slack and they won't get ahead.

The survey also found 46 percent have checked work emails or taken work calls while on their break.

But corporate psychologist Travis Kemp said we “absolutely need to take breaks on a regular basis while at work.

“If your job requires an intense amount of concentration you need to disrupt your headspace from time to time and take time out,” Kemp said.

The survey also found that 16 percent of workers said they sometimes skipped lunch to impress their boss.

The figure was much higher among younger workers, jumping up to 30 percent of 25 to 34 year olds and 24 per cent of 18 to 24 year olds.

The survey also found professionals were the most worried about how they would be perceived for taking a lunch break. However, Kemp does not think that time in the office should be taken as a key indicator for office performance

“People are judged more and more about what they deliver and what they contribute, not by how many hours they spend in the office,” he said.

All of this missed lunch adds up to a sizable chunk of time, which over a year or even a whole career could take a toll on both your health and your private life. Maybe we should ask ourselves if it is really worth the extra effort.

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Jun 8, 2021

Timeline: India takes unicorn leap with six in five days

India
Unicorns
Startups
tech
Kate Birch
2 min
We chart an historic week in India’s startup tech industry, where from April 5-9 the country achieved six unicorns

We chart an historic week in India’s tech industry, where in just five days, between 5-9 April 2021, the country achieved six new unicorns, bringing India’s total to 10 in 2021 to date, an immense unicorn leap from just seven in 2020 and six in 2019.

April 5: Meesho

India’s first social commerce unicorn, Meesho raised US$300m from SoftBank, Facebook and Shunwei Capital, giving the Bangalore-based startup a US$2.1bn valuation, a threefold jump from its previous funding round in 2019. Founded in 2015 by two IIT-Delhi graduates, Meesho connects producers and resellers, helping small businesses sell through social media. It has 45m customers and has enabled 13m entrepreneurs to start their online businesses with no investment.

April 6: CRED

Founded just over two years ago, Bangalore-based credit card repayment app CRED raised US$215m from Falcon Edge Capital and Coatue, nearly trebling its valuation to US$2.2bn from its January US$80m round. Allowing customers to pay off their credit card debt while earning CRED coins which they cash in for rewards, CRED has grown rapidly during COVID-19, doubling its customer base to nearly 6 million in a year.

April 7: API Holdings / Groww

The first epharmacy startup to gain unicorn status, PharmEasy (API Holdings), which has digitised 60,000 brick and mortar pharmacies and 400 doctors across India, raised US$350m in a round led by Prosus Ventures. Founded by four former Flipkart employees as a way of making investing simple, investment platform Groww became India’s second-youngest fintech unicorn, raising US$83m in Series D funding led by Tiger Global, quadrupling its previous round in September.

April 8: ShareChat

New Delhi-grown social media startup ShareChat, founded in 2016 by Mohalla Tech raised US$502m from Lightspeed Ventures, Tiger Global, Twitter and Snap taking its raised total over six rounds to US$766m and pushing its valuation to US$2.1bn. The funding will be used to grow its user base and short video platform Moj, which launched in 2020 following TikTok’s ban in India. The regional language startup claims 280m users.

April 9: Gupshup

AI-led conversational message startup joined the unicorn club after raising US$100m from Tiger Global giving it a ten-fold valuation of US$1.4bn. The smart messaging platform, which has seen accelerated growth during the pandemic, was founded in Bangalore in 2005 by serial entrepreneur Beerud Sheth, whose online freelancing platform Elance is now listed. Gupshup’s API enables 100,000+ businesses to build messaging and conversation experiences across 30+ communication channels. 

 

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