Finance workers stressed, overworked and miserable

2005

More than half of workers in the UK’s financial sector say they want to change jobs, complaining they feel ground down by over-work, a lack of staff to support them and rising levels of workplace stress.

The damning snapshot of the industry has come from a survey of 2,000 finance professionals by recruitment company Robert Half.

It found just over half – 51 per cent – of workers were looking to move jobs, with 54 per cent believing their organisation was under-staffed.

Nearly six out of 10 – 58 per cent – complained that their workloads had increased, and 40 per cent reported increased stress levels.

Almost a quarter worked a 50 hour week, compared with the UK average of 37.5 hours.

Even so, 43 per cent felt guilty they were not putting in enough hours, a rise of 16 per cent on last year’s survey.

Robert Half Finance and Accounting managing director Steve Carter said: “A certain amount of staff turnover is inevitable, and necessary to fuel the market. However, when more than half the workforce is job-hunting it is essential that companies look hard at what they offer their staff.“