|Mental Health leads the list of the most significant business concerns for 2022|
Mental Health tops list of biggest business challenges for 2022
As we improve our understanding of what is involved in the modern-day workplace, mental health remains an important factor for all employers that deserves a lot of consideration.
Entering Mental Health Awareness Week, an excerpt of research by Barnett Waddingham contributes to such an understanding, looking at the irreversible impact of the pandemic on both individuals and businesses.
Held in March 2022 as businesses return to office after the lifting of COVID restrictions, our research shows that more than two out of five companies consider mental health to be the biggest human resources challenge their businesses are currently facing. Is doing. It addresses concerns about recruitment, COVID-related absenteeism, bridging the skill gap and setting up and operating a 26% hybrid working model.
To combat this problem, businesses are rethinking their employee benefits packages. 79% of companies have reviewed their benefits since the start of the pandemic and almost half have made changes as a result. The decision makers here claim that there has been an increase in health and private medical insurance options and that more wellness days/mental health days are responsible for most of the changes made to the benefits package.
Moreover, as businesses adapt to the hybrid working model, employers are opting to maintain practices that reduce stress and employee burnout during the lockdown. More than two out of five companies are likely to maintain the flexible hour/key hour system, with 35% also wanting to have designated slots on a day free of virtual meetings. Naturally, hybrid working also creates its own challenges, requiring special care to ensure that the team feels connected. How can employers promote a culture of openness around mental health? Whether working on site or remotely, line managers are confident they can train, motivate and identify any mental health concerns.
David Collington, principal at Barnett Waddingham, comments: “While we are no longer obliged to work from home, it will take time to reverse the effects of isolation and loneliness due to the lockdown. Therefore, it is encouraging that businesses are putting employee well-being at the front and center of their hybrid work strategy; Increasing overall benefit spending and pushing the package to focus on health and wellbeing.
“Employers desire to maintain features like Zoom Free Fridays and flexible office hours, which were actively shown to reduce stress and burnout during the lockdown, were seen as the foundation for a new way of working can go. However, there is still a way to truly embrace the new world and increase recruitment and retention. By listening to its people, employers can offer a bespoke benefit that is tailored to the needs of its employees. An offering dedicated to support staff welfare will be mutually beneficial.
“The hybrid world is still evolving, creating its own array of challenges and opportunities along the way, and I suspect the most effective approach will be employers working together with their teams.
Source: Business Matters, Direct News 99