Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites.
Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. For avoidance of any doubts and to make it easier, you may consider any links to external websites as sponsored links. Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

78% OF CFOS PREDICT STRESS LEVELS WILL RISE IN FINANCE BY 2020

  • Only a third of finance departments regularly discuss health & wellbeing
  • Businesses urged to implement meaningful wellness programmes as finance faces peak demand

Finance workers in the UK are among the most stressed in the world, according to a study by Robert Half UK. Research found that 78% of Chief Financial Officers in the UK see stress levels rising in the next two years, with over a third (31%) saying it would grow significantly. CFOs believe that increased workloads (51%), growing business expectations (49%) and a lack of staff (40%) will send stress levels soaring.

In contrast, just 16% of UK respondents expect to see no change to workplace stress levels over the next couple of years.

RegionStress levels will increase by 2020 (%)Stress levels will not increase by 2020 (%)
UAE83%11%
Switzerland81%19%
Germany79%18%
Chile78%17%
Singapore78%19%
UK78%16%
Brazil77%16%
Australia76%18%
New Zealand75%18%
Hong Kong75%25%
Belgium73%26%
France71%22%
The Netherlands67%24%

*Responses do not total 100% as only a selection of responses shown.

“In the run up to financial year-end, organisations need to remember that tired, stressed and unhappy employees make for an unproductive and less efficient workforce. Being on the front foot by hiring temporary support, such as additional credit controllers, purchase ledger clerks, and financial/management accountants can have a positive effect on the stress-levels of your existing employees,” commented Matt Weston, Director at Robert Half UK.

Finance is renowned for being a particularly stressful job. However, the research highlights a widespread failure to implement effective measures to combat stress in the workplace. Only a third (34%) of finance departments regularly discuss health and wellness – while less than one in 10 (7%) never talk about it all. The remaining 59% discuss it occasionally.

While many businesses have policies and programmes for reducing workplace stress, these are by no means universal. According to the research, just over half (53%) allow flexible working. Other steps taken includes redesigning office space to facilitate efficient working (47%), implementing an employee wellness scheme (44%), or providing regular opportunities for employees to give feedback to management (39%).

“Businesses need to go above and beyond to meet high employee expectations around health and wellbeing, and finance is no exception,” concluded Weston. This means rethinking working practices, establishing a dialogue with employees around their needs and planning ahead to bring in interim workers to help finance cope with busy periods and remove some of the pressure.”

To find out more about how to tackle stress in finance, visit our blog.