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Money worries causing stress in the workplace

Money worries can be debilitating. With the news that almost 9 million people in the UK are living with 'serious' debt problems, and that household debt has reached a record high of £1.43 trillion, one might wonder what kind of effect this is having in the workplace.

Research has singled out money as the single most stressful concern faced by workers at small and medium businesses (SMEs).

More than one in three workers (34 per cent) experiencing stress in the workplace put their troubles down to money worries. Work and family issues were next, reported by 31 per cent and 18 per cent of respondents respectively in the survey carried out by Axa PPP.

Almost half of SME employees said that they felt stressed at work two or more times a week. Despite this nearly three quarters of employers said they had no initiatives to support positive mental health, two thirds said they didn't provide stress training for managers, and more than a half didn't monitor employee stress levels.

While it may be beyond the scope of employers to remedy their employees' money worries, there are certainly steps that they can take to monitor and alleviate levels of stress at work.

Acas provides detailed information on Stress and has published the Advisory booklet - Health, work and wellbeing.

Acas can also visit your organisation to help you understand what needs to be done to address a range of issues related to stress management, and offers training courses on Stress and Mental Health Awareness for Employers.

Visit the Acas Training and Business Solutions area for more information.

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