SOURCE: BMO Harris Bank

BMO Harris Bank

August 13, 2014 06:55 ET

It's Vacation Time -- Do You Know Where Your Smartphone Is?

84 Percent of Business Owners/Executives Surveyed Keep an Eye on Work Emails While on Vacation Says BMO Harris Bank Study

 

While 70 Percent of Business Leaders Would Describe Themselves as Workaholics, Only 10 Percent See This as the Primary Reason for Success; Over a Quarter Cite Their Ability to Think Outside the Box as the Key to Their Business Success

CHICAGO, IL--(Marketwired - Aug 13, 2014) - A study released today by BMO Harris Bank found that an overwhelming majority of business owners and executives do not truly "get away from it all" when on vacation, with 84 percent of them checking work emails during their holidays.

"The speed at which information travels today has been instrumental in driving business productivity throughout the world," said Dave Casper, Executive Vice President and Head, Commercial Banking, BMO Harris Bank. "At the same time, that same speed drives the need to stay connected, especially in a highly competitive environment."

That "always on" mentality translates into long hours focused on work. While 70 percent of business leaders describe themselves as workaholics, only 10 percent of those same respondents cite their workaholic tendencies as the primary reason for their success. When asked which of the following attributes were more responsible for success in the business world, the answers were as follows:

Thinking outside the box   26 percent
Calm under pressure   14 percent
Able to bounce back   12 percent
Obsessed with details   11 percent
Workaholic   10 percent
Competitive   9 percent
Like to be in control   8 percent

"The ability to bring new ideas and perspectives transcends industries and roles, and has always been a key component of a successful career," added Casper.

The survey was conducted by Pollara with an online sample of 601 American business owners in November, 2013. A probability sample of this size would be accurate to +/- 4%, 19 times out of 20.

About BMO Harris Bank
BMO Harris Bank provides a broad range of personal banking products and solutions through more than 600 branches and approximately 1,300 ATMs in Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Nevada, Arizona and Florida. BMO Harris Bank's commercial banking team provides a combination of sector expertise, local knowledge and mid-market focus throughout the U.S. For more information about BMO Harris Bank, go to the company fact sheet. Banking products and services are provided by BMO Harris Bank N.A. and are subject to bank or credit approval. BMO Harris Bank® is a trade name used by BMO Harris Bank N.A. Member FDIC. BMO Harris Bank is part of BMO Financial Group, a North American financial organization with approximately 1,600 branches, and CDN $582 billion in assets (as of April 30, 2014).

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