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Finances, Job Security: Stressing Out
Employees
Workplace
Options conducted a survey to develop catered programs, uncovering job
insecurity and financial stress as today’s main concerns.
According
to
the survey, 50 percent of respondents listed the economy as the biggest
impact on stress level. Fifty-two percent of respondents between
46-65-years-old blamed their stress on the economy and 15 percent
pointed their finger to work-related issues.
|
Biggest Impact on Stress Level
|
Base
|
Age
|
|
18 to 29
|
30 to 45
|
46 to 65
|
Older than 65
|
|
Work
|
16%
|
28%
|
23%
|
15%
|
4%
|
|
Health
|
15%
|
10%
|
9%
|
16%
|
25%
|
|
Economy
|
50%
|
35%
|
49%
|
52%
|
49%
|
|
Family
|
19%
|
26%
|
19%
|
17%
|
23%
|
Source:
Workplace Options
Fifty-four
percent indicated their stress level increased within the past six
months compared to 9 percent citing their stress decreased.
|
Change in Stress Level
|
Base
|
Age
|
|
18 to 29
|
30 to 45
|
46 to 65
|
Older than 65
|
|
Increased
|
54%
|
48%
|
59%
|
54%
|
45%
|
|
Decreased
|
9%
|
17%
|
3%
|
9%
|
11%
|
|
Remained the Same
|
38%
|
35%
|
38%
|
37%
|
44%
|
Source:
Workplace Options
Finances
was
selected by 35 percent of respondents as a distraction at work.
Recognizing the workplace concern, Workplace Options "offers financial
consulting resources that provide comprehensive telephonic support and
education to help employees avoid financial trouble and attain goals.
Additional financial services include help with debt management,
bankruptcy prevention, credit report review and access to Certified
Financial Planners."
The
second
distraction at work noted by respondents is job security, affecting 24
percent of 18-29-year-olds, 27 percent of 30-45-year-olds and 19
percent of 46-65-year-olds.
|
Distraction at Work
|
Base
|
Age
|
|
18 to 29
|
30 to 45
|
46 to 65
|
Older than 65
|
|
Finances
|
35%
|
45%
|
38%
|
36%
|
26%
|
|
Relationship or Family Trouble
|
17%
|
13%
|
18%
|
18%
|
14%
|
|
Job Security
|
19%
|
24%
|
27%
|
19%
|
5%
|
|
Caregiving Responsibilities
|
10%
|
10%
|
12%
|
9%
|
12%
|
|
Health
|
18%
|
8%
|
6%
|
18%
|
44%
|
Source:
Workplace Options
"Baby
Boomers
are experiencing a challenging time in this economy. They have spent
their entire lives working toward a goal of retirement and some are now
faced with the possibility of being sandwiched between the desire to
retire and the need to make up for lost income, investments and savings
over the past year," said Dean Debnam, CEO of Workplace Options.
On
top of the
realization that they might not retire when previously planned,
"Boomers may feel insufficient in terms of technology and job
flexibility compared to their younger counterparts," said Workplace
Options.
"Delays
in
retirement compounded by fierce competition in the workforce can lead
to immense stresson workers," said Debnam, "enhancing one’s
skill
set combined with workforce reentry training can ease fears of
inadequacy in an older worker."
The
survey was conducted by Public Policy Polling of 644 American
workers.
Address:
Workplace Options, Corporate Headquarters, 3020 Highwoods Boulevard,
Suite 100, Raleigh, NC 27604; (800) 699-8011, www.workplaceoptions.com.
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