Personnel Today has published research from the debt charity, Consumer Credit Counselling Service (CCCS). After a sharp increase in calls to its helpline, they are now urging employers to help employees with money problems.
The CCS revealed that it has seen calls from people for help with their debts increase by 34% to 93,000 for Quarter 1 2010 compared to the same period for last year. It said employers are in “an important position to help” those who find themselves facing unmanageable debt.
Delroy Corinaldi, external affairs director at CCCS, said: “The UK’s personal debt problem is likely to get far worse over the next year, and employers are in an important position to help staff who have a debt problem.”
The charity is not suggesting that employers individually help employees to manage their debts directly as they recognise that this is a private issue for the employee, however the charity is suggesting employers encourage employees with debt problems to seek help immediately. There are free sources of debt advice available and employers could provide this information on notice boards and in staff newsletters to prevent them from going to companies who will charge them for dealing with their debt problems.
At Simple HR we believe that a distracted or worried employee is more likely to make mistakes or to experience debilitating stress related conditions. Supporting your employees will earn you respect and loyalty, as well as ensuring a focused, reliable and healthy colleague.