Over 80% of finance workers consider job change due to mental health impact: MHFA

Mental Health First Aid England (MHFA) research shows

Jaskeet Briah
clock • 2 min read

Over three quarters (83%) of employees in the finance sector have considered a job change due to the impact work is having on their mental health, research by Mental Health First Aid England (MHFA) found.

This shows a "clear link" between mental health and talent retention, MHFA noted, with its survey of 1,000 working adults across the financial services industry finding that 60% of employees believe their employer can do more to support their mental health and wellbeing. One in four employees stated that they felt uncomfortable discussing mental health with their manager, while the same number said they have experienced a lack of managerial support. One in five also cited company culture as a primary factor negatively affecting their mental health. Offering improved flexibility, parti...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Group Protection

Long-term sickness causing declining productivity at UK companies - research

Long-term sickness causing declining productivity at UK companies - research

Increase in healthcare benefit provision costs

Jaskeet Briah
clock 12 November 2024 • 2 min read
The myth of 100% productivity; a risk to wellbeing?

The myth of 100% productivity; a risk to wellbeing?

"We can't make everyone into robots"

Vanessa Sallows
clock 12 November 2024 • 4 min read
Employers placing ESG importance on employee benefit providers

Employers placing ESG importance on employee benefit providers

GRiD research shows

Jaskeet Briah
clock 05 November 2024 • 2 min read