The recent UK Pay Experience Report released by Ceridian HCM Holding Inc. found 70 percent UK employees are stressed about their compensation and pay.

The research explores what UK employees really think about their compensation and payroll experiences, including:

Prevalence of stress: 42 per cent of workers describe themselves as feeling moderately, very or extremely stressed about pay and money issues on a regular basis.

Pay Transparency: Only 26 percent of workers are completely satisfied when it comes to transparency of information about their pay.

Fairness of Pay: 31 percent of employees strongly agree to being paid fairly based on industry standards. Meanwhile, only 19 per cent said they are completely satisfied with their compensation.

The report highlights that 24 percent UK employees reveals that payday is a source of anxiety as people struggle to make ends meet. Respondents said for any large, unexpected expenses, they would have to resort to their credit card (23 percent) or borrow money from family and friends (11 percent), compounding their worries.

The study also brought a concern where 34 percent employees believe their employers do not care about their financial wellbeing, and only 18 percent believe they care “very much.”

Ross Tracey, Managing Director, Ceridian Europe, shares in media, “In a diverse and competitive labor market, employee wellness programs can’t remain static – they should evolve to meet the needs of today’s employees who are increasingly burdened by financial pressures.”

According to the report, a large proportion of UK employees are open to new job opportunities with 71 percent saying they would at least consider a new position. In detail, the survey shows 37 percent of respondents are either looking actively or casually, and another 33 percent would still consider a new position if they were approached.