If you’re a 25-34-year-old male finance worker in Cardiff then you may just be the most stressed out person in the country, according to Perkbox’s newly published 2018 UK Workforce Stress Survey. But you’re certainly not alone.
The study of 3,000 UK-based employees found that one in three experience work-related stress at least once a week – and it’s directly affecting business performance.
When under stress, a quarter of employees are less productive, 11% take sick days and 7% go as far as to look for new jobs altogether. In other words, absenteeism, staff retention and health. And it’s an issue that businesses cannot afford to ignore.
Demographics, including age, gender, and geography only tell part of the story. Perkbox’s research reveals that the industry an employee works in is equally – if not more – telling of the levels of stress they’ll experience. Topping the list of stressful industries is finance, followed closely by local and national government, and health.
Given that the study identified long working hours, work performance and client satisfaction as the top three causes of stress, it’s perhaps not surprising that the sleep-deprived, highly pressurised finance and health sectors feature prominently.
Company size also has a big impact. All three of our top industry stress spots are dominated by large organisations – and we found that stress levels are almost 50% higher in businesses with over 500 employees than those with fewer than five.
With both interdepartmental communications and company culture listed in the top 10 causes of stress, perhaps it’s time for larger organisations to consider what they can learn from the highly flexible and integrated work practices of smaller businesses.
The only way is up
One piece of good news is that just over half of the UK’s businesses have already taken some steps to address workplace stress – with flexible working, home working and social events as the most popular remedies.
While this sounds great on paper, let’s remember that the other half of UK employees receive no work-based support to combat stress. In fact, just 9% have regular one-to-ones with their managers – clearly a missed opportunity to address the high levels of reported stress around job performance.
5 ways to reduce workplace stress
With workplace stress directly affecting business performance, it’s important to act now to pinpoint and address the stress triggers for your organisation. But before you become too stressed about stress, here are five (relatively painless!) actions to help you on your way:
- Make sure all employees have regular one-to-ones with their managers. It helps to address anxieties around work performance before they turn into broader issues.
- Give employees access to freebies such as fresh fruit and salary sacrifice schemes for anything from childcare to gym membership. You’re improving health and addressing financial stress all in one. It’s win-win!
- Introduce flexible working. It’s a great way to counteract long hours and to help your people balance work and home responsibilities.
- Remember to say, 'thank you'. It’s amazing how much impact this one phrase can have on your organisation’s culture.
- Download the full report from Perkbox to find out more about how you can help build a healthy, stress-free and productive workforce.
To find out how your organisation can start managing stress, and looking after your employees wellbeing – download Perkbox’s complete guide here.
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