A new survey reveals the cost of living is significantly impacting employees’ stress levels throughout the day, causing a decline in their self-reported happiness at work.
Of the more than 1,200 Canadian workers surveyed for ADP Canada’s monthly Happiness@Work Index, 68 per cent reported the rising cost of food heavily affected their stress levels during work hours, while 62 per cent said the same about planning for major expenses.
The survey also revealed workers felt less happy in May than they did last month, with theHappiness@Work Index sitting at 6.6/10 (down 0.2 points over April).
Also dipping in May? Satisfaction with work-life balance and flexibility (6.8/10, down 0.1 points), recognition and support (6.5/10, down 0.2 points), compensation and benefits (6.1/10, down 0.2 points), and options for career advancement (6.0/10, down 0.1 points)
Just 44 per cent of workers surveyed reported feeling satisfied with their current roles and responsibilities.
“With workers in Canada noting economic turmoil as a daily stressor, employers musts remain mindful of how external factors may impact their workforces’s well-being,” said Heather Haslam, vice-president of marketing at ADP Canada, in a media release. “Leading with empathy and encouraging open communication can help support employees when stress levels are high.”
ADP’s monthly survey is fielded by Maru Public Opinion. It runs in the first week of each reported month for consistency purposes and asks over 1,200 randomly selected employed Canadian adults (including both employees and self-employed individuals) who are Maru Voice Canada online panelists to rate workplace factors on a scale from one to 10. For comparison purposes, a probability sample of this size has an estimated margin of error (which measures sampling variability) of +/-2.8%, 19 times out of 20.
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