Policy News Journal - 2016-17

The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal

 check whether they operate equipment that handles the £1 coin  contact their equipment supplier to find out if they need to make any adaptations or upgrades  make the necessary changes to their coin handling equipment  train their staff on the features of the new £1 coin  make arrangements with their bank or cash in transit provider to return the current £1 coin and new £1 coin in separate packaging. Individuals Around £1.3 billion worth of coins are stored in savings jars across the country, and the current £1 coin accounts for almost a third of these. If you have any round one pound coins, you need to spend them or return them to your bank before 15 October 2017 when they lose their legal tender status.

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Stress keeps two thirds of UK working population awake at night 2 March 2017

A new report has revealed that one in four employees has taken time off work in the last year due to stress- related problems, a figure which has been described as an employee stress ‘time-bomb’.

The report, titled “Breaking the Cycle”, which has been published by health and wellbeing provider BHSF , warns that stress-related issues are having a major impact on workplace productivity and that almost half of employees feel unable to approach their employer about their problems.

Brian Hall, Managing Director of BHSF Employee Benefits, says:

“This report paints a devastating portrait of how professional and personal stress-triggers are directly leading to mental health issues and absenteeism on an unprecedented scale, which is, unfortunately, being chronically under-estimated by employers and is a potential time-bomb under workplace productivity.

Employees and their employers are caught in a vicious cycle, which begins with a gradual build-up of stress, both inside and outside work, leading onto job performance issues, absenteeism and ultimately long-term sick leave.”

The report highlights how productivity is being impacted when employees go into work, despite suffering from illness or mental health issues – this is otherwise referred to as ‘presenteeism’. In fact, nearly two thirds (63 percent) of the UK’s working population say that stress keeps them awake at night, leaving them physically and mentally unable to perform their duties. What’s more, 58 percent have admitted going into work despite suffering from health or stress issues and over half of the working population admit that they feel pressure from their employer to quickly return to work in the event of illness. However, the findings also demonstrate that the stigma of stress or mental health issues is still very much alive within the workplace. 53 percent of respondents admitted that they would not approach their employer with a mental health issue and only 17 percent of workers benefit from employer mental health initiatives.

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Quality of Working Life for UK managers 6 March 2017

‘Always on managers’ are now working 29 days extra a year and are suffering rising levels of stress according to the 2016 Quality of Working Life study.

For the Chartered Management Institute (CMI) and Work Psychology Group’s Quality of Working Life study, they surveyed 1,574 UK managers and found:


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