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
Federal Reserve Bank of Kansas City estimated 19,000 jobs/month could've been added without tariffs
9 hours ago
Rising costs and uneven gains are leaving many Americans financially strained.
10 hours ago
The luxury real estate broker argued that the measure would drive billionaires out of the state.
10 hours ago
During an exclusive dinner at Capitol Hill on Saturday, the president reportedly did a "roast".
10 hours ago
Missing the IRS deadline can lead to rising penalties and added interest charges.
11 hours ago
The president says any settlement in his IRS tax records case would be directed to charity.
12 hours ago
Expanded SNAP work rules begin, cutting benefits and narrowing eligibility across the U.S.
13 hours ago
She said that she had played some golf with her husband from time to time.
2 days ago
The administration failed to do good on the deadline that was set by the courts.
2 days ago
The President claimed that the BLS was run by "weak and stupid people" prior to this.
2 days ago
More than 40 million low-income and vulnerable families depend on SNAP to make ends meet.
2 days ago
If these claims turn out to be true, the Republicans will have a hard time during the Midterms.
2 days ago
"People that own their homes, we're gonna keep them wealthy. We're gonna keep those prices up," he said.
2 days ago
"Congratulations to Vonda winning close to 100k tonight," a fan reacted.
2 days ago
The tech giant was accused of collecting users' cellular data in an illegal and unethical manner.
3 days ago
It turns out that if the packaging does not have a harvest date, the olive oil isn't real.
3 days ago
The rapper said that the hate she received for supporting Trump has only made her support stronger.
3 days ago
Trump even accused the California Governor of running a drug-money laundering scheme.
3 days ago
The President has reportedly landed on a candidate who is close to his White House aide.
3 days ago
"Not very helpful with only one letter on the board, and I can’t believe we have 3 car losses in one week," a fan reacted.
3 days ago