Extreme Work Flashcards
Key principles
High demands- job characterised by long hours, high intensity and high performance expectations
Significant Responsibility- employees have consideration responsibility and often work in high stakes environments
Work life imbalance- often leads to an imbalance between professional and personal life due to the demanding nature of the work
Techniques
Extended hours- regularly working beyond standard hours including nights and weekends
High intensity- Maintaining high levels of focus and productivity over extended periods
Performance pressure- continuous pressure to achieve exceptional results and meet ambitious targets
Benefits
Rapid career advancement- opportunities for fast tracked career progression due to high visibility and significant achievements
High comprehension- often accompanied by substantial financial rewards and benefits
Skill development- accelerated development of skills and experience in challenging environments
Criticisms
Burnout risk- high risk of burnout due to sustained stress and overwork
Health issues- potential for negative impacts on physical and mental health
Reduced personal time- significant reduction in time available for personal life and family and leisure
Goldman Sachs- application
Long hours- employees, particularly in investment banking often work 80-100 hour weeks
High performance expectations- intense pressure to deliver exceptional results and secure high value deals
Competitive Environment- highly competitive culture with a focus on outperforming peers and achieving top performance
Goldman Sachs- benefits
High compensation- significant financial rewards, including bonuses and stock options
Careers opportunity- rapid career progression and opportunities to work in high profile projects
Skill enhancement- development of advance financial and analytical skills in a demanding environment
Goldman Sachs- criticism
Burnout- high levels of stress and risk of burnout due to prolonged extreme work conditions
Work-life imbalance- severe imbalance between work and personal life, impacting overall well-being
Health concerns- negative impacts on physical and mental health from sustained stress and long hours
Application- NHS
Extended hours- Healthcare professionals, especially doctors and nurses often work long shifts, including nights and weekends
High pressure- intense work environments, particularly in emergency and critical care units, where quick decision-making is crucial
Heavy workloads- managing large numbers of patients with complex health issues, often with limited resources.
Benefits- NHS
Skills development- rapid development of medical and clinical skills due to the high volume and verity of cases
Career progression- opportunities for advancement in medical and administrative roles
Public service- personal fulfilment from contributing to public health and providing essential care to the community
Criticism- NHS
Burnout Risk- high levels of stress and risk of burnout due to long hours and intense work conditions
Work-life imbalance- significant challenges in balancing professional duties with personal life
Health Issues- potential negative impacts on physical and mental health from sustained stress and demanding work schedules
