Workplace financial stress costs firms £10.3bn annually

The report found that the proportion of both full-time and part-time private sector workers missing work due to financial concerns has risen to 12% - up from 10% in 2021. The lost workdays due to financial worries is expected to cost employers £10.3 bn annually - up from £6.2bn reported two years ago. The report suggested that lost workdays are down to presenteeism, when employees attend work with reduced productivity due to personal and health-related factors. On average, employees lost 4.7 workdays per year, leading to over 3.2 million private sector workers requiring time off ...