Businesses in East of England risk losing top talent due to poor mental wellbeing support
3/02/2021 - Benenden Healthcare
According to new research from not-for-profit healthcare provider, Benenden Health UK employers and employees revealed that 33% of businesses in the East of England have experience of an employee leaving their company because their mental wellbeing wasn’t cared for. With 23% saying they had lost a really valuable staff member, suggesting businesses could face a staff retention crisis as employees struggle with increasing mental health concerns.
The research underlined the importance of mental health provision in the workplace, with almost half of workers (46%) saying they would seek a new job if their mental wellbeing was not being supported by their employer. The same amount (46%) also said a supportive mental wellbeing policy would increase the likelihood of them joining a new company.
Benenden Health, has launched a new report looking at the impact of poor mental wellbeing on the country’s workforce. Employees of UK businesses were asked to consider the impact of their mental wellbeing throughout their working life, rather than solely during the COVID-19 pandemic.
More than a third of workers (37%) in the East of England said their job had become more stressful in the last two years, Benenden Health is encouraging businesses in the region to engage with their employees to understand their mental wellbeing requirements. Ultimately this could prevent them from leaving the business, saving on training and recruitment costs and preserving a strong workforce.
The research also highlighted a disparity between how employers’ priorities are perceived. Only 38% of workers in the East of England believe that the mental wellbeing of employees is a big priority for their employer and that the business genuinely cares about the issue. 55% employers in the region say they genuinely care about the mental wellbeing of their employees.
Half (50%) of East of England employers said that they have asked employees what they would like to see from the company in terms of mental wellbeing support, with this lack of communication impacting on the necessary and appropriate provision of resources.
Bob Andrews, CEO at Benenden Health, said: “It is concerning that employers in the East of England have reported losing good staff due to poor mental wellbeing provision, something that employees clearly consider important, and which could be creating a perfect storm for UK businesses.
“The data highlights a missed opportunity for companies to listen to their employees and promote good mental wellbeing within their organisation, as this can have a real positive effect not only on the health of employees but also on absence rates, productivity, recruitment and retention.
“Businesses who do not take an interest in strengthening their mental wellbeing provision also risk missing the opportunity to access a talent pool that would be loyal to a company that prioritises positive mental wellbeing.
“It’s important that employers don’t just talk the talk when it comes to mental wellbeing, but also put things into practice to support their staff. It’s not too late though. I hope these findings will encourage businesses to think again about how they approach wellbeing within their organisation and make their workplace an even better place to be.”
Benenden Health enables businesses to offer affordable, high quality, private healthcare to every employee. This includes round the clock care such as 24/7 GP and Mental Health helplines, plus access to services such as Physiotherapy and Medical Treatment so employees can have peace of mind that they can ask for help whenever they need it. As a not-for-profit organisation, Benenden Health offers support to its 800,000+ members at the same affordable cost of just £11.50 per employee, per month.
For more information about Benenden Health and to download its new report ‘The elephant that never left the office: Why stigma is still preventing employees from telling their boss the truth about their mental wellbeing in the workplace’ at https://www.benenden.co.uk/mwr2020
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