Wellbeing & Benefits

In November last year, the HSE (Health and Safety Executive) reported that over 500,000 employees suffered with work-related stress, depression or anxiety in 2016/17, resulting in 12.5 million working days lost.

In a new report from Freedom Finance, the disparities and challenges of three generations are analysed to explore key factors that could be impacting the 2018 workforce and question the age-old argument – who had it worse?

The findings suggest that when it comes to mental health and the workplace, the “snowflake” generation are the most concerning; 88% of millennial employees admit to suffering some level of workplace stress. In contrast to 70% of baby boomers and 81% of Gen X at the same age.

Although new technologies and unrealistic expectations have often been eluded to as the key drivers of the ‘always on’ generation, blurring the lines between work and personal time, the findings from Freedom Finance suggest a constant concern over job security could be largely impacting the younger generation of workers, culminating in high levels of stress and anxiety. 88% of millennials suffer workplace stress and 1 in 10 would say they are “VERY” stressed, and the survey findings indicate that baby boomers seem to agree that this younger generation are suffering from more stress.

 3 ways to minimise stress in the workplace:

  1. Start an open door policy – An open door policy helps create a friendly environment for employees to air their problems. One of the best ways to start with mental health issues is to talk about them openly.
  2. Create a mental health strategy – Implementing a mental health strategy is really important for worker’s wellbeing. There are many potential routes to go down, with one of the most well-known resources for helping develop your strategy is MIND.
  3. Managing workloads – As a business leader you need to be aware of overall workloads and even individuals. Often employees want to prove they are a success and so won’t admit that they are struggling, by making workloads realistic you can help manage stress. Training for individuals to help them start to manage this better themselves can also help.

Job insecurity

Millennials also feel less secure in their jobs and this isn’t surprising, as they’ve already had on average five different jobs. That’s only two less than baby boomers had over the duration of their working lives.

3 ways to make millennials feel secure in their roles:

  1. Clear progression paths – encouraging progression may help workers feel more secure as they can see the company investing time into their careers. It shows they are valued and that you see their potential within the company.
  2. Rewards and pay – rewards and pay are big motivating factors for employees and making sure individuals are fairly rewarded for their work can make them feel secure.
  3. Give feedback and be open with staff – being open about company figures, success and even failures can help staff feel more secure and in the loop, whilst positive feedback will reinforce that they are a valued member of the company.

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