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People in UK Finance Jobs Making Mistakes because Overworked

U.K. finance workers participating in a survey indicated that they are stresse

U.K. finance workers participating in a survey indicated that they are stressed out, and some of these professionals stated that their workload had caused them to make a mistake.

More work

U.K. finance workers participating in a survey indicated that they are stressed out, and some of these professionals stated that their workload had caused them to make a mistake.

More work responsibility

The survey, which was conducted by a U.K. specialist recruitment firm, revealed that the average finance worker in the country feels that they need to handle the work of 1.3 people, which means they are doing 30 percent more work than usual.

More-than one-quarter, or 28 percent of respondents, stated that the amount of work they need to put in is reasonable for one person. Less-than one-half, or 43 percent, indicated that their work should probably be done by one full-time staff member and one part-time staff member.

Less-than one-fifth, or 14 percent, specified that their role would require two people. Two out of 100 participants stated that their role should have two full-time workers and one part-time person. Less-than two-fifths of employees stated they are doing work currently that they were 12 months before, while another 15 percent believe they are doing less work now than they were then. 

Tara Ricks, managing director of the U.K. specialist recruitment firm, said in a statement that "the accountancy and finance sector is under pressure to keep workforces as lean as possible. With the current levels of economic uncertainty this an understandable approach to take, but this isn’t a sustainable model. Quite apart from the mistakes that creep into employees’ work when they are over exerting themselves, in the long-run spreading the workforce too thin leads to burnout and lower productivity."

Causes of rising work responsibilities

People were asked to cite the single greatest factor contributing to them having increasing amounts of work over the last twelve months. In reply, 31 percent specified that they had been given a larger amount of responsibility and 23 percent cited companies keeping their staff limited during the current economic state. Job cuts at one's employer were specified as contributing to higher workloads by 18 percent of participants.

Consequences

As a result of the increasing strain on people holding U.K. finance jobs, 18 percent of these workers have revealed making a mistake at their place of work as a result of being fatigued or stressed. Almost one-quarter of people in these roles feel a greater amount of stress now than they did six months ago.