Has your team or business been affected by the cost-of-living crisis?

We’ve all been affected by the cost-of-living crisis in one way or another.

Whether it’s your utility bills shooting up, your travel expenses rocketing, or the increased price of a weekly shop that’s causing the pain (or most likely all of the above), you’ll have felt the pinch.

Your employees are more stressed than ever and this will impact your business.

There are 3 main ways your team and your business will feel the effects:

1. Poor mental health and wellbeing
2. A loss of productivity
3. Increased absenteeism

You want a healthy, happy team and workplace, not only because it’s good FOR the business, but because it’s good for everyone IN the business too.

If your business, like many others, can’t increase salaries right now, you need to look to other ways you can help ease the stress. Fortunately, there are a few things you can do that won’t cost the business a lot of money.

First and foremost, talk to your employees! Ask them how they are. Have your managers do the same. By creating an environment where people feel comfortable talking about their concerns or worries, you’ll make it easier for people to approach you before a small issue becomes a big problem.

Next, make sure people are getting enough rest. Obviously, you don’t have much control over this outside of work, but you can help people avoid burnout and additional work stress by making sure they take regular breaks, and use their annual leave, even if they’re not going away.

Finally, try and boost good wellbeing. This could be by bringing in inexpensive perks, such as subsidised gym memberships or health programmes, it might be organising stress management workshops, or it could be offering better flexibility where possible.

Need more advice on handling stress in the workplace? please contact us or give us a call on 01386 751740.

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