New survey finds cost-of-living crisis is lead cause of stress among employees,

wallet with cash

According to new research from Laya Healthcare, 71% of employees say the cost of living crisis is their main cause of stress and anxiety.

Compiled from the Laya Healthcare Wellbeing Index, the figures also found that 51 per cent of employees are worried about money. It was also revealed that 35% of workers reported feeling concerned or anxious either frequently or all the time, representing a significant increase since the last wave of research was conducted six months ago where this figure was 24%.

Other causes of stresses listed in the survey results included Ireland’s economy and uncertainty about the future.

Employee anxieties were higher in women, affecting two in five women, compared with one in four men. Younger female employees are more likely than other staff to have suffered poor mental health in the past six months.

The survey also found that one in three business owners or HR leaders are concerned about the mental health of their employees, an increase of 18 per cent from six months ago.

Commenting on the figures Sinead Proos, Head of Health & Wellbeing at Laya Healthcare, said “Our research shows a clear and sustained decline in employee mental health and employers need to take urgent action to provide supports tailored to their needs,”