Staff financial worries cost UK employers £15.2bn a year

Staff absence, turnover and lower productivity related to financial worries costs the UK economy £15.2bn a year, the fourth annual ‘DNA of Financial Wellbeing' report by Neyber has revealed. The survey, which explored the spending habits and attitudes of more than 11,000 employees and 720 employers, also found that 20.3 million British workers - three out of five - of all income groups are affected by money worries. For businesses of 1000 employees, this equates to a cost of £450k annually. The research suggested that financial worries lead to a £14.2bn cost in turnover a year, wit...