Bosses have been urged to allocate time in the working month to help employees sort out their finances.
According to AXA, the firm pushing for the My Budget Day scheme, money and stress are clearly linked, thus businesses could benefit from helping their staff break free from money worries.
"Stress affects around 20 per cent of employees in this country, so helping employees to get to grips with their finances will improve a company’s chances of enjoying the benefits of a stress-free workforce," David Fleming of Unite union said.
My Budget Day is a scheme that will be launched in November and will ask adults to commit one hour each month to looking at their finances.
AXA is leading by example and is giving its employees the time to address any cash problems they might have.
Stress affects one in five employees and the UK's national debt is rising to over £1 trillion, AXA's official website for the initiative states.
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