November 22, 2024
Finance is the least stressful industry to work in, according to new study #IndustryFinance

Finance is the least stressful industry to work in, according to new study #IndustryFinance

CashNews.co

According to Statista, work is often the main reason we experience stress, with 79% of people stating that the feeling is frequently associated with their job.

Recent research has revealed that those experiencing heightened stress are at greater risk of hair loss, with 73.8% of respondents reporting hair loss as a direct impact of stress.

In light of this, Elithair has analysed a range of professions within different industries to determine which ones are most likely to cause stress-related hair loss.

Finance and Insurance ranked as the least stressful industry to work in

The study took into account factors that exacerbate work-related stress, including; average salary, salary increases, sick days, average working hours, and an average change in working hours between 2022 and 2023, associated with each profession.

Finance and Insurance: Stress score 25.6/100

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Those working within the finance and insurance sector can rest easy, with the lowest stress levels of all industries and an overall stress score of 25.6/100 – 86% below the average – and are therefore at the lowest risk of losing their hair due to work-related stress.

Employees take among the lowest number of sick days each year across the industries analysed, with 4.4 recorded each year on average throughout the industry. Those working in finance also had the highest average salary of all analysed at £75,550.

This, paired with the fact that salaries increased by 7% between 2022 and 2023 amidst high inflation rates, and employees work the lowest number of hours on average at 35 hours per week, placed those within the financial sector firmly as the least stressful sector to work in.

Also included among the 5 least stressful industries to work in are real estate, professional services, arts and entertainment, and mining and quarrying. Professional services shares the lowest number of sick days with the arts sector, averaging just 3.2 days per year, while the real estate sector has experienced notable financial growth, with an average pay increase of 8.2% between 2022 and 2023.

Commenting on this, a spokesperson for Elithair said: “Chronic stress not only affects job satisfaction and overall quality of life, but it can also lead to physical symptoms such as hair loss, and stress-induced hair loss is a legitimate concern for individuals in high-stress professions.

“Working long hours and dealing with unpredictable schedules, high-pressure environments, and slow salary growth can have a significant impact on both the mental and physical well-being of employees.”