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In times of worry...
Page 46
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Recessions induce stress in employees, and this can have a negative effect on your bottom line. So what can be done to remedy this situation...
Words: Louise Cote
Stress is a primary cause of lost working days; they cost UK industry up to £530m a year and the tax payer £3.8bn, according to statistics from the Health and Safety Executive.
Under the Health and Safety at Work Act, work-related stress is the responsibility of the employer, as well as detracting significantly from performance and staff morale.
The problem for employers is that stress of any kind can also affect productivity. Uncertainty about family security or personal money worries can have as strong an impact on workplace activity as job uncertainty. Although it is not an employer's legal responsibility to handle personal worries, it doesn't make sound business sense to ignore someone who is struggling with anxiety.
During a recession, stress can become even more of an issue. Recent research shows that UK adults spend more than two hours a day worrying. For many, this is likely to affect their concentration, their love life and may even make these individuals more likely to compromise an