More than a fifth of Britons feel anxious that they would lose out financially by taking a sick day

  • Britons, particularly women, worry about the financial impact of taking a sick day
  • Britons also worry their employer won’t believe them if they call in sick
  • Fewer than a fifth of employees feel supported by their colleagues when they’re ill

As the cost-of-living crisis continues to bite, more than one in five (23%) Britons have felt in the past, or would feel, worried about their finances if they were too ill to go to work and had to call in sick, according to findings from MetLife UK, with women particularly impacted by financial worries.

Financial concerns weigh heavily of the minds of women, with more than a quarter (28%) stating they would be anxious about losing out financially if they were to take a sick day, compared to less than a fifth (18%) of men.

Women were also significantly more likely to worry about their colleagues in their absence. More than two in five (41%) women said they had guilt for seemingly leaving their colleagues in the lurch over an unforeseen absence, while less than a quarter (23%) of men felt the same way.

In addition, MetLife’s findings showed UK adults fret over additional stresses surrounding taking a sick day. A fifth (21%) said they would be worried their boss or other colleagues would not believe they are actually poorly if they took a day off, and almost the same number (20%) said they worry about the amount of work they will have to come back to.

However, not all employees feel plagued with worry if they need to take a day off. One in six (17%) workers believe they would be supported by their colleagues, and the same number (17%) feel they could take the time they needed to recover fully.

Adrian Matthews, Head of Employee Benefits at MetLife, comments: “Employees should always feel that they can take time off sick when they’re not feeling their best. However, it is a delicate balance. Mental health issues have come to the forefront since the start of the pandemic and often these aren’t always visible. Whilst the individual may prefer to be at home, being in the office can be more beneficial to them.  

Often, with a supportive employer and line manager, they can be more closely observed and supported from the office. Burn out too is a gradual impact, so it’s important employers have an open and trusting culture to allow staff time off when it is needed to minimise a longer-term pattern and challenge occurring.”

“In addition to sick days, many employers will also offer 24/7 access to employee assistance programmes which are intended to help employees with personal problems which can impact their work, health and wellbeing. This can range from counselling aswell as financial wellbeing support aswell as programmes to improve an employee’s health. Increased pressure on our finances at the moment can lead to feelings of stress and anxiety that can build if employees don’t know where to turn for help. Communicating these benefits, which can provide a vital lifeline and impartial view, will ensure that staff always have a place to turn to for confidential advice.

“Having just lived through the pandemic, health, sickness, and the transmission of illness has never been more widely discussed. Employers should work hard to ensure their employees feel supported when they’re ill so they feel they can take the time off they need to feel better and are not creating an environment which relies on presenteeism and employees having to hide how they’re really feeling.”

All this week – to mark #mentalhealthawarenessweek – @IFAmagazine is running a campaign to highlight awareness and importance of mental health & wellbeing in #financialadvice Check out all our great coverage so far here:

On this week’s Financial Insight Podcast @TheCityHive CEO @thediversegirl discusses the issue of greenwashing and what here company is doing to tackle the problem.


ESG is a subject that is very close to our heart at IFA Magazine – and appears to be here to stay in Financial Services, as more and more businesses are jumping on the sustainable bandwagon.


Following on from the Mortgage and landlord possession statistics: January to March 2022, published this morning, mortgage experts from @DashlyHQ, @Orchard4Advice and Carl Summers Financial Services share their thoughts.


Traditional long-only fixed income managers had one of the worst quarters on record in Q1 2022, as higher interest rates left ‘bottom up’ portfolios overweight duration. – @RBAdvisors


The gender pensions income gap in the UK means that retired women effectively go for four and a half months each year without getting a pension. – @The_TUC


Load More…

About Us

​IFA Magazine – for today’s discerning financial and investment professional.

Published ten times a year, IFA Magazine has been winning a keen and enthusiastic following among Britain’s premier financial advisers, planners and paraplanners.


    Follow Us

    © 2022 All rights reserved​ to IFA Magazine | Website by: Nivo Digital | Terms and Conditions

    Keep updated on the most important financial events 

    Make sure you are an informed

    wealth professional..

    Adblock Blocker

    We have detected that you are using

    adblocking plugin in your browser.