Wellbeing in the financial sector

27 March 2013

New research into the daily lives of bank workers reveals that they suffer from higher workplace stress than the general population.

New research into the daily lives of bank workers reveals that they suffer from higher workplace stress than the general population. The research, led by Professor Cary Cooper, was presented at London's Mansion House on 26 March.

This collaborative project between Robertson Cooper and the Work Foundation for the Bank Workers Charity looks into workplace stress and the potential impact on bank employees at work of non-work related problems.

The results so far have shown:

  • Underlying non-work pressures: 63% of respondents are primary earners with significant carer responsibilities. 60% have to travel for over an hour each morning in their daily commute.
  • Daily Hassles: majority have trouble switching off and sleeping well (63% poor sleep quality). 40% have two or more financial worries.
  • Work Hassles: 63% feel a lack of control (significantly poorer than general working population). 57% are troubled by job insecurity, long hours and fault-finding bosses. This results in poorer psychological wellbeing and engagement than is typical in the general working population.

Download the full report (PDF)

Read Emily Anderton's Work Foundation blog post on the implications of the research findings.