The Pros & Cons of 996
As with any work schedule, there are definitely some benefits and downfalls, depending on how you look at it. Here are the pros and cons of the 996 work schedule:
The pros
For the pros, the study mentioned above from Stem Search Group found that companies employing the 996 work schedule generally pay a lot more than their counterparts, with salaries 25-30% higher than the market.
Generally speaking, these jobs also offer a lot more perks (to the tune of approximately $15,000-25,000 more) and these companies offer double the equity when signing on their employees.
To be fair, though, you are working a lot more than your average position, and those increased salaries might not be enough to make up for it.
The cons
Unsusprisingly, it’s not all sunshine and roses with 996. The cons are pretty substantial and could have a far worse impact on your business than the added productivity.
For starters, employees aren’t sticking around at 996 businesses for very long, with voluntary exits coming, on average, after 14 months. On top of that, these businesses see a sky-high turnover rate of 45%. The industry average is only 12%.
Companies employing the 996 work schedule are also a lot more prone to errors. According to the study, error rates at these businesses are up 23-35% and code quality generally falls 15-28%.
More importantly, there is one serious con to the 996 work schedule that can be devastating for your workforce…
