Workers stressed over cost of living crisis
Matthew Pinto-Chilcott, Owner of Consensus HR comments: – Workers stressed over cost-of-living crisis. With this latest news article within The Guardian, it can hardly be surprising for business owners and managers during these very difficult times that the cost of living is affecting the team’s performance when at work. Unfortunately, this is an economical problem that does not seem to have an end in the foreseeable future and really emphasises the need for productive, best practice, HR, and Line Management. We all need to ensure that we work to our companies HR Policies & Procedures and maintain a consistent, legal, and reasonable approach to all matters of concern such as sick leave, stress, and anxiety to name a few. As discussed in one of our previous blogs, we have seen a huge increase in the requests for advice on sickness and medical reports and we are not the medical professionals and hence must seek their advice / support for the best outcome for the business and employee.
NEWS ARTICLE – Workers stressed over cost of living crisis:
A survey by the Chartered Management Institute (CMI) has found that workers in the UK are becoming so anxious about the cost-of-living crisis that it is affecting their performance at work, with two-thirds of managers reporting issues such as rising absenteeism and lack of engagement among stressed-out staff. The survey of more than 1,000 managers and team leaders revealed that 71% had seen evidence of the crisis increasing stress and anxiety for their teams. Some 41% of the respondents highlighted “more distraction, less focus and attention to detail,” 33% noted increased sick leave of absence and 31% observed a reluctance to take on extra work. “We were very surprised at the extent to which there were these very visible knock-on effects,” said the CMI’s director of policy, Anthony Painter. “There seems to be a sort of bandwidth issue, where people are facing extreme money worries, and that’s narrowing their field of vision, their ability to do their work well.”