capaDATA
  • PERFORMANCE
    • Younger saver, 30 years to retirement – 5-year annualised returns
    • Younger saver, 30 years to retirement – 3-year annualised returns
    • Younger saver, 30 years to retirement – 1-year annualised returns
    • Older saver, 5 years to retirement – 5-year annualised returns
    • Older saver, 5 years to retirement – 3-year annualised returns
    • Older saver, 5 years to retirement – 1-year annualised returns
  • RISK/RETURN
    • Risk/Return – Younger saver, 30 years from retirement, 5-year annualised
    • Risk/Return – Younger saver, 30 years from retirement, 3-year annualised
    • Risk/Return – Younger saver, 30 years from retirement, 1-year annualised
    • Risk/Return – Older saver, 5 years from retirement, 5-year annualised
    • Risk/Return – Older saver, 5 years from retirement, 3-year annualised
    • Risk/Return – Older saver, 5 years from retirement, 1-year annualised
  • PROVIDERS
    • Aegon Master Trust
    • Aon Master Trust
    • Atlas Master Trust
    • Aviva Master Trust
    • The Bluesky Pension Scheme
    • Ensign Retirement Plan
    • Fidelity Master Trust
    • Legal & General Investment Management – WorkSave Pension Mastertrust
    • LifeSight (Willis Towers Watson)
    • Mercer Master Trust
    • National Employment Savings Trust (NEST)
    • Now: Pensions
    • The People’s Pension
    • Salvus Master Trust
    • Scottish Widows Master Trust
    • Smart Pension
    • Standard Life DC Master Trust
    • SuperTrust UK Master Trust
    • TPT Retirement Solutions
    • Welplan Pensions
  • Research
    • ADVISERS
      • Pension provider selection factors
      • Switching
      • Diversification
      • Illiquids
      • ESG
      • Green
      • Digital
      • Consolidation
    • PROVIDERS
      • Master Trusts by number of members
      • Master Trust defaults by assets and number of employers
      • Member charges
      • Employer charges
      • Master trust investment advisers
      • Equity exposure
      • Derisking
      • Asset managers used
  • NEWS
  • MORE
    • About
    • Advertise
    • Contact us
    • Privacy policy
    • Content syndication
    • Terms & Conditions
CAPA
No Result
View All Result

Gen Z employees report surging mental health concerns

07 November 2023
Unum urges employers to put in place better mental health support to help prevent suicide
Share on TwitterShare on FacebookShare on LinkedIn

Gen Z employees, aged 16 to 26, have reported more mental health issues, including stress, anxiety, and depression, over the past year compared to other age groups.

These findings come from a recent report, titled “Gen Z – Shaping the Future of UK Workplaces,” conducted by Fruitful Insights in collaboration with Legal & General Group Protection.

It found that around 77 per cent express a likelihood of leaving their current employer, with only 23 per cent indicating a commitment to staying.

The report highlights three key points: the vital role of employers in promoting Gen Z wellbeing and the consequences of neglect, the subjective nature of wellbeing necessitating an understanding of workforce needs, and the growing belief that ‘good work is beneficial for health,’ urging its inclusion in wellbeing initiatives for the working-age population.

Additionally, the report found, that Gen Z rejects lifelong jobs, experiencing more job loss than major life events like marriage and childbirth. Their work happiness depends on feeling valued, the employer cares for wellbeing, confidence in the company’s ethos, and work flexibility.

Fruitful Insights chairman and co-founder Mike Tyler says: “The fact that 1 in 3 Gen Z employees say they’ve experienced mental health problems should be a big concern for people and business; with implications for Diversity Equity Inclusion (DEI), Environment Social Governance (ESG) and, ultimately, performance.

“This finding could be related to life stage stressors and different expectations of life and work in comparison to older peers. And/or it could be symptomatic of Gen Z’s greater awareness and understanding of their own mental health and a greater willingness to reach out for help.

“Any which way, recruitment and retention is a big problem with this cohort but, at the same time, the value Gen Z place on cultural aspects represents a big opportunity that needs to be grasped. Business has a vital role to play in supporting the wellbeing of Gen Z; providing greater purpose and community to this group, relevant benefits and services, and communication that not only connects, but that also contributes to creating the conditions for a better wellbeing culture.”

Legal & General Group Protection governance director Vanessa Sallows says: “Gen Z are the true digital natives. But being always on, isn’t always good. There are indications in this report that the use of digital technology may be inadvertently leading to some less than healthy outcomes.

“Balance and choice across the spectrum of face-to-face to digital seems key; in terms of how support is accessed and how it’s communicated. Embrace social media but don’t assume that’s the only way Gen Z want to receive information. And don’t assume that information, on its own, leads to wellbeing.

“Group income protection insurers and intermediaries have an important part to play in all of this, using tools like Fruitful Insights and making full use of Legal & General’s in-house vocational clinical team, as well as our strategic communication toolkit.”

The post Gen Z employees report surging mental health concerns appeared first on Corporate Adviser.

TweetShareShare
Previous Post

Pensions in slow lane after King’s Speech omission: industry reaction

Next Post

Advice at retirement roundtable: Using technology to bridge the advice gap

Category

  • By Provider
  • News
  • Not for search
  • Provider page archive
  • Uncategorized
  • video
CAPA data

© 2019-2024 Definite Article Media Limited. Design by 71 Media Limited.

  • About
  • Advertise
  • Contact us
  • Privacy policy
  • Syndication

Follow us

No Result
View All Result
  • About
  • Advertise
  • Contact us
  • Privacy policy
  • Syndication

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.AcceptReject Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
No Result
View All Result
  • About
  • Advertise
  • Contact us
  • Privacy policy
  • Syndication