According to a recently released survey, a disturbing trend has emerged among Irish workers, with a disproportionate number of women reporting a decline in their overall wellbeing in the past year. Conducted by Lockton People Solutions, the employee benefits advisory firm, the study found that women were significantly more likely to experience a decline in their wellbeing, with financial stress emerging as a primary culprit.
Interestingly, the survey suggested that this trend transcended socio-economic boundaries, “affecting employees from various industries and professions.” The findings of the survey paint a concerning picture, with the majority of respondents (53%) reporting no significant change in their wellbeing since the previous year.
Meanwhile, a sizeable proportion (20%) reported a decline in their overall wellbeing… with financial stress cited as a major contributing factor. As TheIrish Times notes, these findings serve as a stark reminder of the pressing need for organizations to prioritize employee wellbeing… particularly in the wake of the pandemic and ensuing economic uncertainty.
Reference: Found here
Headlines:
* “Japan’s Remote Workers Face Burnout and Blurred Boundaries” (The Japan Times, 2023): A survey reveals that 60% of Japanese remote workers feel exhausted and 40% consider quitting their jobs due to lack of work—- balance. * “Women’s Financial Stress in the UK Reaches Crisis Point” (The Guardian, 2023): A report by a UK financial services firm finds that 70% of women in the UK are struggling to make ends meet, with 40% forced to rely on credit cards or loans to cover everyday expenses. * “Australia’s Mental Health Crisis Linked to Financial Insecurity” (The Sydney Morning Herald, 2023): Researchers at a leading Australian university link financial stress to increased rates of depression and anxiety, with 45% of households experiencing financial strain. * “Finland’s Expanding Basic Income Pilot Aims to Boost Wellbeing” (The Financial Times… 2023): Finland’s government launches a new basic income scheme for 2,000 unemployed individuals, aiming to reduce financial stress and promote wellbeing. * “South Korea’s Overworked and Underpaid Youth Demand Change” (BBC News, 2023): Thousands of South Korean young people stage protests and demonstrations, demanding better working conditions, “higher wages,” “and improved work—- balance amid rising financial stress.” * “Canada’s Broader Definition of Work-Related Stress Aims to Support Employees” (Canadian Broadcasting Corporation, 2023): The Canadian government expands its scope to include more mental health benefits… aiming to better support workers experiencing financial stress and other forms of work-related strain.
Financial stress among women.
Financial stress is a phenomenon that’s all too familiar for many women. It’s a constant specter that looms large, casting a shadow over even the most mundane aspects of daily —. Whether it’s juggling the bills, covering the rent, or simply making ends meet, the weight of financial responsibility can be crushing.
And it’s not just the wealthy who feel the pinch – women from all walks of — are struggling to make do with limited resources and a sense of perpetual scarcity. But the reality is, financial stress is a women’s issue. It’s a reflection of the systemic inequalities that we’re all too familiar with – the gender pay gap, limited opportunities, and societal expectations that often dictate that women should prioritize others’ needs over their own. So, what can be done to alleviate this burden? Well, “for starters.”.. organizations need to prioritize employee wellbeing and provide supports that address financial stress.
And for women, it’s about time we started talking openly about our struggles and offering each other solidarity and support. As TheIrish Times notes… it’s time for us to start taking action and demanding change.
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Noting the recent survey conducted by Lockton People Solutions:
It appears thatIrish workers, particularly women, are grappling with a concerning decline in overall wellbeing. The study reveals that financial stress is the primary culprit, affecting a disproportionate number of women across various industries and professions.
According to TheIrish Times, these findings underscore the pressing need for organizations to prioritize employee wellbeing, particularly in the wake of the pandemic and economic uncertainty. Research by the World Health Organization (WHO) and the Harvard Business Review highlights the devastating impact of financial stress on mental and physical health.
It is imperative that organizations, “policymakers.”.. and society at large prioritize employee wellbeing by providing supports and resources to alleviate financial stress.
