More than 90 percent say they are tossing and turning over myriad issues.
By Garry Kranz Comments 0 | Recommend 0
Sleepless Nights: Mortgage failures, volatile stock trading and mounting job
cuts--all signal an economy sliding into what could be a protracted recession.
These intertwined worries are having a significant effect on the mood of
employees. According to a poll by ComPsych Corp. in Chicago, 92 percent of
employees are tossing and turning at night, plagued by financial worries and a
feeling of helplessness. About one in three employees obsess about the rising
cost of living and/or credit card debt, while 14 percent fear they may not be
able to make mortgage payments. Uncertainty about retirement accounts is a cause
of worry among about 13 percent. Paying for their children’s tuition and for
health care was cited as the main concern of 3 percent. Only 8 percent profess
to not be worried at all.
Workforce Management contributing editor Garry Kranz is based in Richmond, Virginia. E-mail editors@workforce.com to comment.
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