Cape Town home to the world's most 'anxiety-prone' employees: report
Cape Town is often considered the golden child of SA, not only because of its appeal as a tourism destination but also due to its ability to make its way to the top of global ranking lists.
Cape Town recently made it onto another list, but this time for less pleasant reasons.
UK-based company Small Business Prices has released a report which ranks the world’s biggest cities in 43 countries in terms of how anxious the employees who call them home are about returning to “normal” life in a potentially post-Covid society.
Cape Town topped the list and was named the global city where employees are at the most risk of experiencing anxiety while working from home, or as Small Business Prices puts it, “the most anxious city for employees”.
To arrive at its findings, Small Business Prices considered factors such as the happiness ranking of each country, the percentage of the population living with depression, annual working hours, poverty and unemployment rates, and the difference between monthly income and the cost of living.
In Cape Town’s case, the biggest factors that contribute to employees' angst about their work situations are high unemployment and poverty rates, at 32% and 26% respectively. In comparison, Copenhagen in Denmark, which was ranked as city where employees are least anxious, has a 6% poverty and unemployment rate.
The average annual working hours for Capetonians were also rather high, at 2,210 hours per year. The city with the lowest average annual working hours is Berlin, Germany (the fourth least anxious city overall), at 1,354 hours per year.
Cape Town's score isn’t particularly high when it comes to the percentage of the population living with depression, at an estimated 3.72%. Denmark’s percentage is 3.29% while Athens, Greece, which was named the second most anxious city, is 4.19%.
On average, the monthly cost of living in the Mother City — estimated to be £1,117 (R21,973) — is slightly more than employees’ monthly income at £1,096.97 (R21,589). This means employees are typically short by £20 (R394) a month.
This is a relatively low number compared to Santiago, Chile, where there was the highest discrepancy between income and cost of living. This South American city was named the fourth most anxious overall.
AT A GLANCE
Five cities where employees are most anxious:
- Cape Town, South Africa
- Athens, Greece
- Istanbul, Turkey
- Santiago, Chile
- Lisbon, Portugal
Five cities where employees are least anxious:
- Copenhagen, Demark
- Prague, Czech Republic
- Zurich, Switzerland
- Reykjavik, Iceland
- Berlin, Germany
For the full list of countries and their rankings, see here.
• Figures have been rounded up.