Entirely Finance

MANCHESTER FINANCE NEWS


National Stress Awareness Month Workplace stress affects 3 in 4 employees


Freedom finance survey reveals 3 in 4 employees suffer form workplace stress



National Stress Awareness Month Workplace stress affects 3 in 4 employees

British “snowflake” generation of millennials really do have it tougher than those before them. That’s according to a recent study by Manchester based, lending platform, Freedom Finance.

HSE.gov.uk reported that 12.5 million working days lost were lost in 2016/17 due to workplace stress, depression and anxiety, showing that it’s not just individuals suffering from the effects. We’re currently in the middle of National Stress Awareness month and both these reports highlight just how prevalent stress is in the modern workplace.

 

Why are millennials stressed?

88% of millennial employees admit to suffering some level of workplace stress according to Freedom Finance. In contrast to 70% of baby boomers and 81% of Gen X at the same age. Could the prevalence of new technology be impacting businesses by creating an “always on” generation who find it difficult to switch off from work?

88% of millennials suffer workplace stress and 1 in 10 would say they are “VERY” stressed, and the survey findings indicate that baby boomers seem to agree that this younger generation are suffering from more stress than they did at the same time in their lives.

Another influencing factor may be that millennials also feel less secure in their jobs and have already moved job on average five times in their career. That’s just two less than baby boomers had over the duration of their entire working lives.

Which city is the most stressed in the UK?

The survey of 2,000 UK adults asked respondents to what level they experienced workplace stress. Shockingly, in Gloucester and Wolverhampton 100% of people said that they experience at least some level of workplace stress. Levels of stress are halved however, in Wrexham where only 50% experience workplace stress and London ranked in the middle of the table with 80% of workers experiencing stress.

"April is the start of national stress awareness month and with a recent government report revealing 12.5 million days a year were lost to workplace stress its time that companies started to take note"
Andrew Fisher of Freedom Finance



Andrew Fisher, Group Managing Director of Freedom finance commented:

“It’s often perceived that the younger generation have it easy in many ways, however, our study found that this is just not the case. Millennials have it tough in lots aspects of their lives.

This age group is the most likely to suffer workplace stress, and so events such as National Stress Awareness Month are really important to help tackle this widespread issue.

April marks the start of national stress awareness month and with a recent government report revealing 12.5 million days a year were lost to workplace stress its time that companies started to take note.”

How can businesses reduce these numbers?

There is no easy way to deal with this issue of workplace stress however, acknowledging there is a problem is the first step. Here are a few starter tips and methods that can be implemented to help reduce the impact and effects according to MIND.

  • Recognise the problem – what are the triggers? Figuring these out means you can then look to make changes to reduce them.
  • Try mindfulness and coping techniques – taking time out to relax the mind can have a huge impact on your mental health. Don’t be deterred if some don’t work, you might need to try a few to see what is the best fit for you.
  • Speak out – if others do not know you are struggling, then they won’t be able to help. This could mean confiding in a close friend or family member, someone you trust in the workplace or a professional.
  • Get active – this doesn’t have to mean running a marathon or taking up extreme sports. However, physical exercise is believed to have a positive impact when it comes to stress relief. Simply going for a quick walk can help relieve symptoms.

For further information and advice around workplace stress please visit: https://www.mind.org.uk/information-support/tips-for-everyday-living/workplace-mental-health/work-and-stress/#.Ws4H5YjwaUk

 

 

 




DISCLAIMER: The statements, opinions, views and advice expressed in this article are those of the author/organisation and not of ENTIRELY. This article should represent information correct at the time of publication however whilst every care has been taken to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. ENTIRELY will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within this article or any information accessed through this site. The content of any organisations websites which you link to from ENTIRELY are entirely out of the control of ENTIRELY, and you proceed at your own risk. These links are provided purely for your convenience and do not imply any endorsement of or association with any products, services, content, information or materials offered by or accessible to you at the organisations site.





Get The Entirely Weekly Brief In Your Inbox



Cowgill Holloway

Accountants and business advisors


Cowgill Holloway are a leading independent firm of chartered accountants and business advisors based in the North West, with offices in Bolton, Manchester and Liverpool. Established for over 30 years, and over 140 staff members, we work with all types of businesses. Our entrepreneurial ethos and partner-led approach is tailored to help you achieve your ambitions and financial aspirations.






Sedulo Chartered Certified Accountants


Sedulo is an established firm of accountants, with offices based in Manchester city centre and Cheshire, providing expertise in accountancy solutions and commercial business advisory services.






Crowe Clark Whitehill


With an office in Manchester city centre, Crowe Clark Whitehill is a leading national firm offering audit, tax and advisory service. Michael Jayson heads up the Manchester office.






Moore Accountancy Limited


Moore Accountancy are a proactive firm of Chartered Accountants based in South Manchester working predominantly with Start Ups and Small Business.\r\n\r\nWe work alongside businesses, helping with their tax and accounting needs, leaving business owners with more time and energy to focus on growing their businesses and client base.\r\n\r\nWe Do More Than Just Accounting!






Vernon Building Society

Building Society


Founded in 1924 in Stockport, Cheshire, the Vernon is an independent, mutual building society. We seek to provide competitive mortgages, savings and investment products and to be a trusted source of reliable financial advice within our local community.






RECOMMENDED FOR YOU ON ENTIRELY NORTH WEST