TransferWise is a financial company for people that travel, live and work internationally. Starting out as an online international money transfer platform, it has now expanded to include e-money accounts, a debit card and a business platform that allow people to make payments and send money abroad easily, quickly and cheaply. Founded seven years ago,
New research, commissioned by Tiger Recruitment, has confirmed what we’ve known for a long time – for 73% of UK bosses, personal assistants are essential in helping to improve their mental wellbeing and reduce stress.
Since our establishment in 2001, we have endeavoured to match outstanding personal assistants and executive assistants with employers of choice in London, regional UK and more recently, internationally. We’ve recognised the importance of the PA role and the impact having a great PA can have on an executive’s professional and personal life.
In October 2018, we surveyed 600 senior managers, directors and owners of businesses across the UK, 300 of whom had a PA and 300 didn’t. Spread across a variety of industries, including financial services, IT, legal, retail, sales and healthcare, these leaders worked in companies ranging from under 10 to 250+ employees. The results revealed just how important support staff are to senior decision makers, regardless of industry or size.
There’s no doubting a fantastic PA or EA can significantly change an executive’s lifestyle. Receiving additional support, whether that’s diary management or acting as a gatekeeper, frees up senior leaders to focus on other things, allowing an innovative and creative approach to business matters.
• Three quarters (73%) of UK bosses say personal assistants improve mental wellbeing and reduce stress
• Leaders without PAs work on average 22 hours more each month than those who are supported by an assistant – this equates to as many as 34 days per year
• Over a quarter of bosses (28%) say their business doesn’t have enough PAs, while nearly one in five (18%) say their business doesn’t invest in PAs at all
• A third (33%) of those who don’t have a PA believe they would be more successful if they had one
For those that had a PA, they named several key advantages, including having more time to reflect and think (45%), screening calls and unnecessary interruption (37%), being able to eat well (36%), time to exercise (26%), keeping up with life admin (24%) and more time to spend with family (23%).
The large percentage (62%) who cited being able to maintain their own health and wellness as a benefit of employing a PA is indicative of the general movement towards an emphasis of workplace wellbeing and work-life blend. Having a PA frees up executives of administrative tasks, allowing them to focus on their lifestyle and by extension, their mental health.
Look after your leaders
Mental health continues to be a huge issue for businesses across the UK, costing the economy over £35 billion last year. More specifically, recent research from Bupa found that more than six in 10 senior business leaders have suffered from mental health conditions, including anxiety, depression and stress. Therefore, any initiative that has been shown to successfully reduce the occurrence negative mental health should be embraced by businesses. Receiving administrative support in the form of a PA or EA could go a long way to ensure senior executives can remain at the top of their game.
Should you need administrative support in the form of a PA or EA, get in touch with Tiger today!