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Stress over cost of living crisis harming workers’ performance, survey finds

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

by | 11 Dec, 2022

absenteeism and lack of engagement among stressed-out staff. In a Chartered Management Institute (CMI) survey of more than 1,000 managers and team leaders, 71% said they had seen evidence of the crisis increasing stress and anxiety for their teams.

Of these, 93% said it was affecting employees’ productivity. That amounts to 66% of all the managers surveyed. Forty-one per cent of the respondents highlighted “more distraction, less focus and attention to detail”, 33% increased sick leave or absence and 31% 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.”

Read more at The Guardian

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