ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Productivity has Suffered as Gen Z Employees Struggle With Mental Health; Here's the Solution

The number of young people experiencing poor mental health is increasing day by day.
PUBLISHED MAR 3, 2024
Cover Image Source: Photo by energepic.com | Pexels
Cover Image Source: Photo by energepic.com | Pexels

Gen Z employees have entered the workforce with a whole new set of priorities and a fresh approach toward work, which lays increased emphasis on personal well-being. In view of this changing environment, a renowned HR service provider urges businesses to act immediately or face a rise in burnout among Generation Z employees, especially those in their twenties. Recent statistics from the Resolution Foundation show that individuals in this age group are more prone to taking time off from work compared to previous generations. Furthermore, data indicates that in 2021-22, 34% of individuals aged 18 to 24 reported experiencing symptoms of mental disorders, such as depression, anxiety, or bipolar disorder.



 

Jeanette Wheeler, Chief HR Officer at MHR, argues that the mental well-being of young employees can directly affect retention rates. "It’s clear that young people have valid concerns about workplace wellbeing being overlooked, and the lack of effective ways to address their feedback," she said.

"Simply labeling Gen Z as lazy or always calling in sick isn't a good enough response. Companies must act promptly to introduce measures that improve wellbeing, which will, in turn, boost retention," she added.


 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by Ergotron (@ergotron)


 

Wheeler recommends employing technology, such as digital sentiment analysis, to better comprehend feedback and pulse surveys to evaluate staff sentiments. "Delivering a great employee experience is more important now than ever," she stated.

Implementing strategies aimed at enhancing mental health and well-being will not only benefit employees of all age groups but also contribute to their overall satisfaction, sense of support, and motivation both in the workplace and at home. Such measures can foster a positive work environment where individuals feel valued, understood, and empowered to thrive professionally and personally.

Image Source: Pexels/Sora Shimazaki
Image Source: Pexels | Photo by Sora Shimazaki

Louise Murphy, a senior economist at the Resolution Foundation, brought forward concern about how these figures would affect the education of young adults. "While much attention has been given to mental health issues in higher education, we should be most alarmed when poor mental health intersects with poor educational outcomes," she explained.

She underlined the severe economic consequences of mental health issues, particularly for individuals belonging to GenZ, who do not seek education in universities, stating that one-third of young non-graduates with common mental problems are already unemployed.



 

The global Gen Z mental health market size is expected to record a CAGR of 9.2% from 2023 to 2032. By 2032, the valuation is anticipated to reach $75.6 billion. The mental health difficulties within this generation have become so alarming that American Surgeon General Vivek Murthy issued a public health advisory to confront the "youth mental health crisis" aggravated by the COVID-19 pandemic.

As young adults strive to cultivate their resilience, they may actively pursue a holistic approach to health that aligns with their expectations. This comprehensive approach covers not only physical well-being but also addresses behavioral health and social needs.

The Resolution Foundation is advocating for governmental aid to bolster mental health services in sixth-form colleges.

MORE ON MARKET REALIST
Although it was a joke on the show, fans in the comments didn't really appreciate it.
23 hours ago
The cookies and brownies make, "Nowhere" was valued at a whopping $1.6 million on the show.
1 day ago
Fans often slam hosts for not being helpful and games for being too hard when contestants lose.
1 day ago
The contestant tried to explain her answer later but by then she had triggered viewers.
1 day ago
The consumer also pointed out how the product didn't have a mark that indicated FDA approval.
2 days ago
The man was suspected of killing his wife as he moved in with a teenager days after her disappearance.
4 days ago
Mistakes don't usually win you points on game shows but this situation was as unique as it gets.
5 days ago
'Code Red' is a term that often siginifies danger and you'd want to get out if it's announced.
5 days ago
Code Adam is unique since unlike most other codes, it's not named after a color.
6 days ago
The long-time host of the game show does not shy away from making jokes at contestants' expense.
7 days ago
Steve Harvey has been caught off guard by such answers on other episodes as well.
Jan 18, 2025
The model is usually calm and composed but she didn't see the contestant coming.
Jan 17, 2025
He felt it was too much of a risk and decided to keep the amount of money he had won until then.
Jan 17, 2025
Harvey has come a long way in his career but he has not forgotten the paper and the teacher.
Jan 16, 2025
While some found the results astonishing, some expected exactly what happened.
Jan 16, 2025
Even the host, Ryan Seacrest admitted that the contestant needed more help to solve the puzzle.
Jan 14, 2025
Steve Harvey is known for his wit and comic timing, but he was caught off guard.
Jan 14, 2025
"Don't get me wrong, I'm human. Naturally, the thought crosses your mind," she said.
Jan 13, 2025
The Family Feud host doesn't easily get flustered but it seems like he can't handle flirty responses.
Jan 11, 2025
Cars are popular as prizes on several gameshows although contestants don't necessarily drive away in them.
Jan 11, 2025