Employees struggling with their finances suffer from far higher levels of stress, and poorer health, than those who are unworried financially, a new report has found.
Mental health is one of the top three reasons for employee absence (13%), after musculoskeletal conditions (48%) and general sickness, colds and bugs (15%); according to analysis of sick pay data from ECIS.
Canada Life Group Insurance's Employee Assistance Programme (EAP) has revealed a fifth (21%) of calls made to the service in Q1 2015 concerned mental health - a 40% increase from Q1 2014.