More firms embroiled in workers’ financial woes

Eight out of 10 companies have workers who are in financial difficulties and 75% have workers whose salary has been sequestered by a company which is owed money, says family spending institute Nibud.

Companies which try to recover debts can apply for a court order to have part of the debtor’s income made over to them. This puts an administrative burden on companies and makes the worker concerned less productive, the institute says.
People with financial troubles are also more likely to be off sick with stress. Employers could offer more help to workers to avoid getting into financial difficulty and deal with letters from officials and bailiffs about the problems, Nibud said.

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