Tired, stressed and poor – how money worries are putting our jobs at risk too : Daily Mirror.

Millions and millions of Brits are having their ability to work and earn affected by money stress – this is who’s worst hit.

One in four employees say money worries have affected their ability to do their job.

Women (28%) were more likely to say this was the case than men (23%), research among 1,800 UK employees showed.

This might be a reflection of women tending to work in lower-paid jobs than men, the report added.

Overall, 25% of workers reported money worries had affected their performance, according to the survey from HR body the CIPD (Chartered Institute of Personnel and Development) and Close Brothers Asset Management.

Others likely to be affected by money worries were those under general pressure at work on a daily basis, people who were unhappy with their pay, younger workers aged between 18 and 34 and workers based in London, where living costs tend to be higher.

The problem was found to be particularly likely to upset those working in the public sector, where 30% of employees said they were affected.

Nearly three in 10 (28%) earning less than £15,000 a year said money concerns got in the way of their work.

But the problem extends up the pay scale – troubling one in five (20%) employees earning £45,000 to £59,999 and one in seven (14%) of those on £60,000 or more.

Nearly a third (30%) of of those earning £35,000 to £44,999 said financial worries affected them.

The report said: “More than one in five (21%) senior managers and over one in four (27%) middle managers report that money fears affect their work, indicating that money worries affect all income groups.”

Feeling tired at work because of sleep loss was the most common way in which fretting about money affected job performance, the survey found.

Employees also reported that they found it hard to concentrate and make decisions, they spent time during the working day dealing with financial problems and they had to take time off to deal with them while some said their financial woes caused them health problems.

Read More : Daily Mirror.

Advertisements

One thought on “Tired, stressed and poor – how money worries are putting our jobs at risk too : Daily Mirror.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s