Mar 7th, 2023
3 mins
The cost-of-living crisis is the top cause of stress at work for people working in leadership and senior management roles, according to the findings of a new survey.
Around 98% of the 265 leaders and senior managers polled found at least one aspect of their work stressful, while two-fifths (83%) are affected by three or more work-related stressors (the average, per person, is eight). Yet, despite the obvious stress their work causes them, just 4% claim not to like their jobs.
Their biggest concerns, the things currently causing them the most stress and anxiety in their jobs, were identified as:
- The cost-of-living crisis (30%).
- High inflation and rising prices (29%).
- Exhaustion or burnout (22%).
Other major stress triggers, for one in five (20%) survey respondents, include coping with the economic downturn and threat of recession, their workload and to-do lists, and unfinished work tasks.
Around one in six also reported being worried by:
- Employee retention and staff turnover issues (17%).
- Rising interest rates (17%).
- Business viability and profitability concerns (16%).
- Ongoing wage inflation (16%).
The survey also claims that nearly one in two (47%) leaders and senior managers have felt stressed or anxious about their impending workweek due to the intensity of some people’s feelings of anticipatory anxiety or dread before the start of a new week. Of those 47%, nearly a third (29%) have experienced this multiple times over the past year.
To view the survey in full, visit here.
Workplace Insight
March 2023
