Staff financial worries cost UK employers £15.2bn a year

‘DNA of Financial Wellbeing’ report finds

Adam Saville
clock
Staff financial worries cost UK employers £15.2bn a year

Survey reveals three out of five Brit employees across all income groups are affected by money worries

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....

To continue reading this article...

Join Cover

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around Covid-19, regulation, diversity and mental health.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Exclusive access to our fortnightly Protection insight mini-podcast.
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

The Chancellor works on his Budget speech with his staff.  Photo: Flickr/HMTreasury

Autumn Budget 2021: £5.9bn allocated to clear current NHS backlogs

Around 5.7m waiting for hospital treatment

John Brazier
clock 27 October 2021 • 2 min read
FCA gives green light to next stage of LV= demutualisation

FCA gives green light to next stage of LV= demutualisation

Confirmation of non-objection from regulator

John Brazier
clock 26 October 2021 • 2 min read
CII gender pay gaps lags behind UK average

CII gender pay gaps lags behind UK average

Also reports ethnicity pay gap

John Brazier
clock 26 October 2021 • 1 min read