A new report from the Chartered Institute of Personnel and Development (CIPD) suggests that one in five workers have reported losing sleep over financial worries. The research also found that 58 per cent of workers were going to work despite being unwell, with disabled employees more likely to do so - the highest percentage to do so since 2020.
The survey of 1,000 workers found only 49 per cent of employees were keeping up with their bills without difficulty during the cost of living crisis, while 32 per cent said employers were not doing enough to support financial wellbeing.
As a result of the findings, the CIPD has made three key recommendations to the Scottish Government following its findings, including placing a renewed policy focus on improving job quality, narrowing the gap between quality of working life to key and non-key workers, and strengthening flexible working access.
It comes as 37 per cent of key workers, such as those working in the health sector, said their workload was “too much”, compared to 29 per cent of their counterparts in non-key roles.
Marek Zemanik, senior public policy adviser for CIPD Scotland, said: “The cost-of-living crisis continues to cast a shadow over the working lives of people across Scotland.
“We have seen a considerable worsening of employees’ financial wellbeing year on year, with real impacts on their daily lives. Better pay is important, but there are many other steps employers can take to improve their employees’ lives.
“Focusing on job quality is key - through improved benefits packages and job design, better skills development and career advancement pathways, effective two-way communication and broader flexibility. Getting all these aspects right can make work fairer."
He added: "Overall job quality has barely been impacted by the pandemic. But that means serious gaps persist.
“All jobs have the potential to be better but employers and governments need to know what to address. Our report helps them in this task.”
The report also suggests practical recommendations for employers to improve job quality, including training managers to be able to signpost the appropriate financial wellbeing support, boost career pathways and identifying skill mismatches to develop staff.
To keep up to date with the latest money news, join our Money Saving Scotland Facebook page here, follow us on Twitter @Record_Money, or subscribe to our newsletter which goes out Monday to Friday - sign up here.
READ NEXT
People on Carer's Allowance due £270 lump sum can now report payment missing
- Universal Credit pay boost of up to £522 for working parents due to start next week
People of State Pension age with arthritis could be due up to £407 each month from DWP
People under State Pension age living with Parkinson's could be due up to £691 each month
People on certain benefits urged to claim unique bonus worth up to £300 each year
