Meltdown risks mental health disaster

Posted by Steve Rhode

October 28, 2008

Fears over job security, paying the bills or even just whether your house is going to be foreclosed are fuelling an epidemic of stress, anxiety and sleepless nights among workers on both sides of the Atlantic – and it is managers who are having to pick up the pieces.
Increased stress, anxiety and tension inside as well as outside the workplace is posing a severe challenge for managers around how best to manage people who, often through no fault of their own, may not be 100 per cent focused on the job in hand.

Nine out of 10 American workers are losing sleep over financial worries, according to a poll by Chicago-based health and wellbeing company ComPsych Corporation.

Nearly a third of those surveyed said they were worried about the cost of living, while 29 per cent said their anxiety over their credit card debt was keeping them awake at night.

For 14 per cent it was whether they would be able to meet their mortgage payment that often preoccupied them in the depths of the night.

It’s a similar story across the Atlantic in the UK, where a poll by health insurer Bupa has found that a third of British workers are deeply concerned for their jobs, with two out of five saying levels of stress at work have increased since the financial crisis began.

Meltdown risks mental health disaster Management-Issues, UK - 28 minutes ago Nearly a third of those surveyed said they were worried about the cost of living, while 29 per cent said their anxiety over their credit card debt was …

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