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Employers 'should offer debt help to workers'



Employers should offer programmes of assistance to workers who are facing personal insolvency, it has been claimed.

The Chartered Institute of Personnel and Development (CIPD) said organisations are in a position to direct employees to sources of help.

Charles Cotton, performance and reward adviser at the CIPD, noted that rising fuel and food prices in putting pressure on people's salaries.

He said: "What the organisation can do is perhaps put in an employee assistance programme – these are helplines for third-party organisations that employees can phone about a number of issues and concerns, including financial ones."

These helplines, he explained, can offer advice and information on how to manage and reduce debt more effectively.

His comments come after the Credit Consumer Counselling Service reported that falling income or unemployment is the prime cause of the debt woes of people it has helped in the last year.

The personal insolvency charity warned that more job losses and rising inflation could lead to further debt problems for people in the UK in the coming months.

Posted by Paul StevensADNFCR-1678-ID-800479812-ADNFCR
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