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
"Wow spending $109 at Albertsons just for a couple of basics is brutal."
1 day ago
The man received the note from his grandmother who worked in the finance department at Universal Studios.
3 days ago
The NBA star was visiting a jewelry store with which he also collaborated on a signature collection.
3 days ago
The country star has consistently been in the news for his generosity as much as his music.
5 days ago
The firm tried to cancel the trade but an error in the system prevented it from doing so.
5 days ago
While the returnless refund policy saves money for retailers, it creates some problems as well.
5 days ago
The mother of one of the three boys first thought that he was playing a prank when he told her about the cash.
5 days ago
Although the kitchen makes it look like another family home, Jenner's house is a mansion with top-of-the-line amenities.
7 days ago
The man admitted that the watch had been handled roughly since he didn't know its real value.
7 days ago
It made her realize how it was something that her husband would never face.
Nov 13, 2024
You need to look for the series date located on the right of the photograph of George Washington.
Nov 13, 2024
Winfrey assured him that it isn't too expensive saying that it costs only about "a hundred something" dollars.
Nov 11, 2024
The shiny blue suitcase itself made up for the investment and she made more startling discoveries.
Nov 10, 2024
Many took to the comment section and talked about the situation, with some saying that it was no big deal.
Nov 10, 2024
The traveller took to X to share the screenshots of the apps showing the price difference.
Nov 9, 2024
Getting struck by lightning and then surviving to win a lottery worth $1 million is next to impossible.
Nov 8, 2024
When the bill came, the group of four was shocked and their reactions were captured in a TikTok video which now has over 8.8 million views.
Nov 8, 2024
Parcells wrote the checks worth millions and never even asked the players to pay the money back.
Nov 7, 2024
The way he lived and his chosen career path never gave anything away about his investments.
Nov 7, 2024
She also recommended taking time before responding to messages to gauge the person's real intentions.
Nov 6, 2024