Why financial stress could be hurting your career


Manage episode 251054430 series 2000499
By NZME, Newstalk ZB, and NZ Herald. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Each week the NZ Herald and Newstalk ZB's Cooking the Books podcast tackles a different money problem. Today, it's how your workplace could be helping with your money. Hosted by Frances Cook.
Money and work are clearly closely linked, but we don't always talk about how one can hold you back from the other.
Financial worries are a big problem in New Zealand, with research from the Commission for Financial Capability showing that 69 per cent of us are concerned about money. That's a clear majority.
The impacts are wide-ranging, including creating problems in our personal relationships, or some people feeling physically ill.
But the stress about money can also hurt our ability to make it, with a worrying 10 per cent of people between 18 and 34 taking regular days off work to deal with money problems.
Other people are spending hours at work trying to fight personal financial fires, or are less productive because they're so stressed.
Clearly this is impacting lots of us – so should employers step up to help, and how could they do it?
For the latest Cooking the Books podcast I talked to Nick Thomson from the Commission for Financial Capability.
We discussed how money stress can hurt your career, why they started the Sorted at Work programme, and whether employers should just be paying you more.
If you have a question about this podcast, or question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/ Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCook

227 episodes