×


Home About Contribute Sponsorship Contact Sign In
×







.


Finance Industry News

National Stress Awareness Month Workplace stress affects 3 in 4 employees


Freedom finance survey reveals 3 in 4 employees suffer form workplace stress

National Stress Awareness Month Workplace stress affects 3 in 4 employees


"April is the start of national stress awareness month and with a recent government report revealing 12.5 million days a year were lost to workplace stress its time that companies started to take note"
Andrew Fisher of Freedom Finance



British “snowflake” generation of millennials really do have it tougher than those before them. That’s according to a recent study by Manchester based, lending platform, Freedom Finance.

HSE.gov.uk reported that 12.5 million working days lost were lost in 2016/17 due to workplace stress, depression and anxiety, showing that it’s not just individuals suffering from the effects. We’re currently in the middle of National Stress Awareness month and both these reports highlight just how prevalent stress is in the modern workplace.

 

Why are millennials stressed?

88% of millennial employees admit to suffering some level of workplace stress according to Freedom Finance. In contrast to 70% of baby boomers and 81% of Gen X at the same age. Could the prevalence of new technology be impacting businesses by creating an “always on” generation who find it difficult to switch off from work?

88% of millennials suffer workplace stress and 1 in 10 would say they are “VERY” stressed, and the survey findings indicate that baby boomers seem to agree that this younger generation are suffering from more stress than they did at the same time in their lives.

Another influencing factor may be that millennials also feel less secure in their jobs and have already moved job on average five times in their career. That’s just two less than baby boomers had over the duration of their entire working lives.

Which city is the most stressed in the UK?

The survey of 2,000 UK adults asked respondents to what level they experienced workplace stress. Shockingly, in Gloucester and Wolverhampton 100% of people said that they experience at least some level of workplace stress. Levels of stress are halved however, in Wrexham where only 50% experience workplace stress and London ranked in the middle of the table with 80% of workers experiencing stress.

Andrew Fisher, Group Managing Director of Freedom finance commented:

“It’s often perceived that the younger generation have it easy in many ways, however, our study found that this is just not the case. Millennials have it tough in lots aspects of their lives.

This age group is the most likely to suffer workplace stress, and so events such as National Stress Awareness Month are really important to help tackle this widespread issue.

April marks the start of national stress awareness month and with a recent government report revealing 12.5 million days a year were lost to workplace stress its time that companies started to take note.”

How can businesses reduce these numbers?

There is no easy way to deal with this issue of workplace stress however, acknowledging there is a problem is the first step. Here are a few starter tips and methods that can be implemented to help reduce the impact and effects according to MIND.

  • Recognise the problem – what are the triggers? Figuring these out means you can then look to make changes to reduce them.
  • Try mindfulness and coping techniques – taking time out to relax the mind can have a huge impact on your mental health. Don’t be deterred if some don’t work, you might need to try a few to see what is the best fit for you.
  • Speak out – if others do not know you are struggling, then they won’t be able to help. This could mean confiding in a close friend or family member, someone you trust in the workplace or a professional.
  • Get active – this doesn’t have to mean running a marathon or taking up extreme sports. However, physical exercise is believed to have a positive impact when it comes to stress relief. Simply going for a quick walk can help relieve symptoms.

For further information and advice around workplace stress please visit: https://www.mind.org.uk/information-support/tips-for-everyday-living/workplace-mental-health/work-and-stress/#.Ws4H5YjwaUk

 

 

 

.


Finance Business News - Angela Fishwick of Unify Credit Union said, people can get themselves into a spiral of debt when turning to buy now, pay later services which are currently not adequately regulated meaning they are not carrying out affordability checks and credit checks.


Credit union issues warning ahead of Christmas to avoid Buy Now, Pay Later

Finance Business News - Like many couples, the pandemic made Howard and Sylvia Glass from Manchester reassess their priorities.


How Clarion gave us a second life and brought our family together again

Finance Business News - Cheshire based Clarion Wealth Planning has appointed a new compliance director to enhance the company s dedication to its clients.


Financial planning company appoints new compliance director

Finance Business News - Credit Unions across Greater Manchester held an awareness campaign to start a conversation with members of the public about their financial wellbeing.


Credit Union campaign aims to improve Mancunian's financial wellbeing

Finance Business News - Local business Research and Development Specialists Ltd RDS is calling all Altrincham limited businesses to attend its informative evening in which it will help de-jargon the complexities of the HMRC s R amp D tax incentive.


Altrincham-based RDS invites local business to a R&D Overview Evening

Finance Business News - Yorkshire based fleet management company Autohorn Fleet Services Ltd has benefited from a cash boost of over half a million pounds, following a successful claim through HMRC s R amp D tax incentive.


HMRC R&D Incentive Results in Six Figure Boost for Yorkshire Business






Ten Times Ten

Analytics, Modelling & Business Intelligence Specialists