It's Time for Business Leaders to Rethink Mental Health

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  • In the Deloitte Global Millenial Survey done last year, 48% of GenZs and 44% of millennials reporte feeling stressed and anxious all the time. For many of these people, financial outlooks, family welfare, and career challenges were the major sources of stress. The coronavirus pandemic has exacerbated these challenges, creating new day-to-day challenges that hurt people's mental wellbeing.
  • Before the pandemic, anxiety and depression cost the global economy nearly $12 billion days each, translating to a loss of £45 billion per annum in the workplace.
  • One of the highlights of the pandemic has been the widespread stay-at-home orders and lockdown measures that were instituted to rein in the pandemic. Although these measures helped to curb coronavirus transmission, they deepened physical disocnnectedness and bred social isolation, which further aggravated mental wellbeing
  • In the 'new normal,' employers need to change their approach to mental wellbeing in the workplace, creating policies and implementing initiatives that would mitigate the drivers of poor mental health in the workplace and provide adequate support for workers who may be struggling with mental health issues