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
It's always nice to share your success with your loved ones, even when they're not present.
10 minutes ago
Carey accidentally gave away a free guess to the player in the 10 chances game, helping her win.
1 hour ago
The child came up with the idea out of his own love for coffee that he wanted to enjoy minus the effects of caffeine.
2 hours ago
The two had a very old and special bond and the emotions were too much for Carey to contain.
3 hours ago
No one wants to be booed when they're on live TV, especially if it is a game show.
1 day ago
It's not every day that you get a rockstar to teach you an iconic guitar riff on "The Price is Right."
1 day ago
The models usually are very supportive towards each other and share a good relationship.
1 day ago
It's almost like there's something wrong with the new host every other day for certain fans.
2 days ago
You don't always get to rock out on a daytime TV game show but when you do, it is epic.
2 days ago
There was a point during which the investors did not believe the entrepreneur had it in him.
4 days ago
The guest thought that it was about 80 to 100 years old and was worth around $1,000.
4 days ago
There was a point where she could have lost her company entirely or a major part of it to a shark.
5 days ago
The host of "The Price is Right" made a lot of people's dreams come true that day.
6 days ago
The host handled it very well and fans also appreciated him for the same in comments.
7 days ago
The "Family Feud" host showcased one of his many talents, leaving the audience in awe.
7 days ago
George Gray has been a beloved member of "The Price is Right" cast for more than a decade now.
7 days ago
The producers made them kiss three times during season six while they tried out different pitches.
7 days ago
Bob Barker also made a brief come back as host years after his retirement from the show.
Mar 5, 2025
'The Price is Right' became the longest-running game show last week when it reached the milestone of 10,000 episodes.
Mar 4, 2025
The item is an integral part of the history of world literature and was quite an intriguing find.
Mar 4, 2025