Employers urged to help workers with debt issues

With the rising mountain of personal debt that has been accrued in the UK many people that go to work and earn a fair wage are still struggling with their debts, and unfortunately their debt problems mean that the money that is coming in is not adequately covering the amount of money that is being paid out.

For those that are working and earning money but have debt problems that are causing concern it can become very difficult to concentrate and focus on work, and this is something that can affect both the employee and the employers. However, one debt charity has stated that employers could be in the perfect position to help employees that are experiencing debt related problems.

According to the Consumer Credit Counselling Service employers have the right resources to help staff members that are suffering due to their debt problems, and something as simple as listening to their issues could help to ease the strain for workers. Employers can also effectively provide workers with information and tools that could help them to sort out their debt problems more effectively, according to the Consumer Credit Counselling Service.

Over the past year debt enquiries relating to employment have increased according to figures released by the Citizen’s Advice Bureau. This included calls relating to redundancy as well as enquiries relating to Job Seekers Allowance.

A spokesperson from the Consumer Credit Counselling Service 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. Employers can help them by providing information on notice-boards and in staff magazines.”