Summer break hits companies' finances

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A summer break may be crucial for mental health, but brings challenges for companies' bottom lines, a new survey shows.

A global survey by recruitment company Robert Half found that 87% of Australian CFOs and finance directors say they experience a negative impact on their business during summer months. Slowed commercial activity was a common challenge, with 34% of those surveyed tipping it as the biggest difficulty for their business during summer months. Thirty per cent said there was less managerial guidance due to annual leave, while 21% said their company was less productive.

"The reality is that many companies cannot afford to put ongoing projects and tasks on hold during the summer months. To keep productivity levels up while employees enjoy their well-deserved holiday, companies regularly call on temporary and interim workers to alleviate workload for employees who are in the office and to continue to meet the demands of their customers," Robert Half senior managing director Asia Pacific David Jones said.