Member Article

Warrington’s accountants combating stress costing businesses £3.5 million

Local management accountants are meeting to learn how to reduce stress and stressed relationships at work that could save Warrington’s businesses over £3.5 million a year. The event being run by the Chartered Institute of Management Accountants (CIMA) is being held at the De Vere Daresbury in Warrington on the 29th May 2012.

Figures newly applied by CIMA from the Health and Safety Executive show that companies in Warrington could be losing as much as £3.5 million annually through lost worker days due to work stress related illness. Companies throughout Cheshire as a whole could be losing over £12 million a year. Managing relationships at work and reducing work stress experienced by staff could be saving local companies thousands of pounds each year and producing more motivated and productive staff.

Local Chartered Management Accountants, students and businesses will be advised on ways to handle difficult situations and ways to improve strained working relationships to cut down stress at the event on the 29th May.

The CIMA event shows its top 5 ways strained relationships can cause stress at work.

1. Superman/Superwoman - taking on everything and failing to delegate 2. Yes Yes – the problem of always saying yes to new ideas and work from people without proper evaluation 3. Puppet on a string – allowing other people’s agendas to rule your diary 4. Chief Procrastinator – putting off until it becomes urgent 5. Not asking – failure to ask people for help and resources, equipment when it would be of overall benefit Jacqui Knowles ACMA, Certified Global Management Accountant (CGMA), who specialises in helping organisations increase their profitability and productivity through improving processes and systems and developing their people, is speaking at the event:

“We are living in particularly difficult times and this puts additional pressures on employees, which can easily lead to stress. These statistics show that to dismiss this issue can directly affect the bottom line. Even if your employees are not taking sick leave, the increase in pressure can affect relationships at work and make for an uncomfortable environment which will impact productivity. At this event we will be looking at ways to improve relationships with co-workers and develop strategies for dealing with difficult work scenarios. This will allow the individual to work more effectively benefiting both the individual and the business.”

CIMA run a series of events for students, members and guests in Warrington and throughout Cheshire on a regular basis across the year. For further information visit

This was posted in Bdaily's Members' News section by CIMA UK Regional News .

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