I work in a Startup where I was hired at the first employee, after the founder. Naturally, after the company started growing, I rose the ranks quite fast.
I am still quite young and the founder of the company was an experienced Regional Director of a very big and famous multinational company.
He decided to implement a 6-day work week. On any single day, we start work at 9 am and doesn't end till 8pm on average. Sometimes, it goes far beyond that. We don't get remunerated for overtime as, in his own words, it is a startup.
This 6-day workweek and along with the long working hours is proving more detrimental to the company. Unfortunately, he values long working hours more, employees who validates his idea and generally loyalists that will keep their heads down and do as they say.
On Saturday, there was a situation where I decided to leave at 7 and he "made a joke" about how we should swap jobs and I should take his. He even involved my other colleagues in the discussion whereby they were discussing how "lucky" I am to be working in this specific area and how stressful their job is. I smiled then, but it really got me thinking.
Colleagues are complaining internally to each other, but no one has the guts to say anything to him. Do I need to say anything? How do I approach this subject?
EDIT
To clarify some few things:
- The company is based in Dubai, United Arab Emirates
- The working hours specified in my contract is 09:00 - 18:00, Monday to Friday
- The maximum working hours in a week in UAE is 48 hours. Overtime should be paid. However, in my signed contract, it says overtime won't be paid. I am aware that the country's law takes precedence.
- Yes I do own stocks in the company. It has the potential to grow into a successful company, but I don't think the long hours is helping with that. It is doing more harm than good.
- 6 days a week was instituted after 15 months of me joining the company.