Fifty percent of Generation Y workers reported experiencing heightened stress at work, according to the 2015/16 Global Benefits Attitude Survey by Willis Towers Watson. Forty-four percent of Generation X workers and 35 percent of Baby Boomers reported heightened stress.
The report surveyed 1,895 employees in the UK and found that the leading causes of stress for Generation Y workers were inadequate staffing and low pay.
Other causes of stress for Generation Y include work-life balance and a lack of clarity or conflicts over job expectations. A major cause of stress for Baby Boomers was company culture and excessive organisational change.
Senior consultant at Willis Towers Watson, Rebekah Haymes, said, “Work-life balance appears as a stronger stress driver for Generation Y employees, while the characteristics of the organisation play a more prominent role for older employees.”
Tellingly, the survey also found that Generation Y employees were more worried about their finances than their older counterparts. Sixty-five percent of Generation Y workers reported financial worries compared to 55 percent of Generation X and 38 percent of Baby Boomers.
“In an environment with tight margins, employers cannot easily manage issues around low pay and staffing levels,” added Haymes. “However, they can marshal resources and focus on providing guidance on stress management and coping strategies through their wellbeing program.
“To address workplace stress employers first need to understand its root cause from their employees’ point of view. Those who base their efforts on misguided assumptions risk trying to solve the wrong problems, and could end up wasting money and alienating staff.
“Understanding employee views is key to ensuring support is directed to known issues and leads to more successful outcomes.”
A report has found that workers classified as Generation Y (those born in the 80s and early 90s) are more likely to suffer stress in the workplace than their older co-workers.