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Businesses could lose money as a result of stress

Friday 19 November 2010 by Gina Le Prevost

Managers of people in banking jobs may be among those interested in the opinion of one expert who has warned failing to tackle anxiety in the workplace could have serious financial consequences.

Neil Shah, director of the Stress Management Society, said greater pressure could see people losing productivity or taking more sick leave, as well as becoming argumentative with colleagues and making errors.

He stated bosses had a responsibility to keep their workers happy and healthy by ensuring they did not place unreasonable demands on them.

Implementing a support network to allow employees to cope with their workload may also help, he added.

Managers needed to pay attention to any changes in behaviour that may indicate stress and plan how best to tackle the problem, which if left unchecked could cost "a lot of money", the expert continued.

According to Mr Shah's organisation, stress affects one in five working people in the UK and costs businesses £1.24 billion a year.