January 23, 2020
Mental health challenges cost employers £45 billion each year
A new report from Deloitte claims that poor mental health costs UK employers up to £45 billion each year. This is a rise of 16 percent since 2016 – an extra £6 billion a year. The research also looks at how employers can tackle this problem, finding that it pays to support employees’ mental wellbeing. On average, for every £1 spent on supporting their people’s mental health, employers get £5 back on their investment in reduced presenteeism, absenteeism and staff turnover. More →
Emotional intelligence or emotional quotient (EQ) is an increasingly popular buzz phrase in business and understanding its impact in the workplace is becoming crucial to employers in getting the most out of their staff. A new survey from 
Over a third of respondents (36 percent) to a new survey report they are commuting for more than 90 minutes a day; yet despite a high demand for employer provisions to help alleviate the stress of the commute such as flexible or remote working and season ticket loans, 43 percent of employees stated that these were not currently offered by their employer. The Commuter Survey from Office Space in Town also claims that among the top commuting complaints were: lengthy journeys (32 percent); overcrowding (27 percent) and delays and frequent cancellations (26.01 percent). With the survey also revealing 75 percent take the commute into account when making their employment decisions, there is a lot that employers could be doing to minimise the negative impact on employee attraction and retention.
Employers need to better understand the needs of younger candidates, particularly that of flexible working, says Gartner, after its latest Global Labor Market Survey claims that a rise in Gen Z candidate’s regrets is leading to high turnover, low engagement and low productivity. According to the survey, 40 percent of Gen Z respondents reported that they would not repeat their decision to accept the job offer they had accepted and only 51 percent said they could see themselves having a long career at their organisation. More than one-third of candidates who regret their decision intend to leave their position within 12 months.
