Our roundup shows how hurtful workplaces are when it comes to our health and bank accounts
Unless you’ve got a mighty hefty inheritance or have been lucky enough to be born into money, you’ve gotta work. And you’re probably stressed about it in some form.
When it comes to health — both personally and financially — employers are doing some significant harm to their staff. Here’s some of the most interesting stories about how jobs and working are taking their toll on us.
The stress test
You know that period in your personal relationship where everything is wonderful and nothing is wrong? You get that at work, too. The honeymoon phase is great — but it only lasts a year. After that, happiness at work takes a nosedive.
When workplace happiness goes down, stress spikes up. Leadership management company Life Meets Work says managers who are unequipped to handle stress among their employees actually cost companies in the long run. Stressed employees are usually a direct result of stressed leaders.
“One-in-four people working for Stressed Leaders deem their leaders to be harmful (27 percent) or irrelevant (28 percent) to their own job performance,” the report says. “Stressed out leaders are proving to be a waste of money and a drag on employee morale.”
Stress is contagious. Stressed managers cause employees to be “less engaged, less likely to plan on staying with the organization, and less interested in advancing,” the report says.
Problems with payroll
Stress may be a big factor toward upward advancement in the workplace, but not getting paid is up there as a major problem, too.
Since Americans can’t cover costs for up to three months if they faced a sudden loss of income, like a job loss, what do they do when they don’t get paid?
Workforce management firm Kronos says 54 percent of Americans have had a paycheck problem, regardless of their employment status.
More than 25 percent of workers have been paid too little and more than 10 million Americans have had a paycheck bounce.
Troubling payments can have a huge impact on employees. Kronos says 56 million workers have paid a personal bill late because of payroll problems.
“Almost three out of five employed Americans — 58 percent or 87 million workers and their families — live paycheck-to-paycheck,” the report says. “Payroll errors have forced over one-third of American workers to make a late payment on a bill such as their car loan, credit card, mortgage, or apartment/home rent.”
The struggle to pay bills because of a payroll error affects salaried employees more than hourly ones, 45 percent to 29 percent, respectively.
Your boss hates how dirty you are
While you have every right to stress over a late paycheck, does your boss have a right to stress over your clutter?
Most employers say that messy desks and work areas are a problem in the office, according to OfficeTeam.
“Showing a little personality on your desk is fine, but don’t go overboard. You want to stand out for your positive attributes, not the messy state of your office or work area,” says Brandi Britton, a district president for OfficeTeam. “Your workspace is a reflection of you. Keep it tidy and make sure there isn’t anything on display that might cause others to question your professionalism.”
OfficeTeam says 54 percent of managers find the most distracting or annoying part of an employee is a sloppy workstation. Even more, 15 percent of managers reported noticing inappropriate things in an employee’s work area.
Want to leave a good impression on your supervisor? Make time every few days to clean up your workstation. Throw out old, unnecessary documents and food wrappers, and organize your files however your system is set up. This isn’t your house — just because it’s yours doesn’t mean others don’t take notice of it.
Resume enhancements: alternative facts or forgivable fibs?
If you’ve been in the workforce for longer than you can remember, sometimes you piece together dates and places that are probably right but not quite accurate. So when you’re applying to a new job and you put down inaccurate information, how much does that potential employer care?
CareerBuilder says just guessing employment dates can have a huge delay on the hiring process and could possibly get you removed from consideration altogether. Right now, 13 percent of workers say they estimate employment dates.
It’s not just about dates, though. Potential employees have huge misconceptions about background checks. Most workers don’t believe employers even conduct background checks, while CareerBuilder says 72 percent of them do for every new employee — and more than half drug test them.
“In essence, a background check is what an employer uses to help protect against false advertising on a resume and reduce employer risk,” says Ben Goldberg, CEO of Aurico, a CareerBuilder company. “After all, a good business is built on people who fulfill their duties responsibly.”
Almost half of all workers say they aren’t sure what information employers are looking for when background checks are done. In reality, employers check location of employment, places lived, criminal background, and even driving records.
It’s not just workers who are misinformed about hiring processes — employers aren’t all that up-to-date, either.
“Eighteen percent of employers said they made a bad hire because they didn’t conduct a background check,” CareerBuilder says. “Given that one bad hire can cost a company $17,000 on average, this can be an expensive misstep.”
What happens when you’re done working?
You spend your entire life trying to earn a living. Then you get old enough to where you may not be able to work anymore so you live off your retirement. But what if you don’t have any retirement money waiting for you when you retire?
One-third of workers are worried about their personal finances while at work, Principal Financial Group says. When specifically questioned about retirement, 63 percent of employees admit they are stressed about their future funds.
Saving for retirement has been a long battle that regardless of age, most Americans are fretting over. Principal says that more than half of workers admit they would be more productive at work if they weren’t so worried about money. Nearly 3-in-4 say a work retirement plan would make them feel more financially secure not just in the long-run, but in the short-term as well. Since women pay more for retirement health care than men, having a plan in place can alleviate a lot of unintended stress.
Here’s to hoping they don’t forget about those retirement plans.
Article last modified on May 22, 2017. Published by Debt.com, LLC .