Financial worries causing decline in performance

Financial worries causing decline in performance

You can’t leave your worries at the front door…never a truer saying surely proven by a report recently released by the CIPD (Chartered Institute of Personnel and Development).

Charles Cotton, reward and performance adviser at the CIPD, the professional body for HR and people development, said: “This report shines a light on how financial well-being can impact not just employee health, but also workplace productivity. Money worries affect people regardless of their age, gender or level of pay, and with one in four admitting it negatively impacts their work, it’s clear that organisations should be focussing on financial well-being as part of their workplace agenda. This will become increasingly important over the next 18 months, as rising inflation is likely to lead to a pay squeeze and increased concerns about personal finances.
“Employers not only have a duty of care to their employees but will also see their bottom lines benefit if they invest time in developing a financial well-being strategy and play an active role in supporting staff in this area. Today’s businesses need to consider the impact financial worries are having on employee health, happiness and productivity and look at what they can do to help reduce stress levels.”
Business Pastors are connected to effective financial management support to help bring positive resolutions and a meaningful way forward in managing personal finance and debt. Contact us today to find out more.

About The Author

Jim Grimmer is the Founder and Director of Business Pastors Ltd created to serve the business community seeking to bring care, support and encouragement to the workplace. Jim is a father and grandfather and is married to Ashlyn. He had a 20 year career as a Police Officer and has over 17 years experience in Business Development and General Management roles within the oil and gas industry. Jim is also a Founder and Trustee of the registered charity The Business Connection.

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