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Western EuropeJune 2 2023

UK banks step up to address staff mental health issues

UK banks and the wider financial services sector in the UK are taking measures to protect their employees’ mental health, according to Mental Health First Aid England. Bill Lumley reports.
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UK banks step up to address staff mental health issuesImage: Getty Images

Earlier this year, Mental Health First Aid England (MHFA England) published survey findings revealing that some 83% of finance sector employees have considered changing jobs due to the impact of work on their mental health, with nearly half of those actually doing so.

Employers in financial services should act to retain talent in the industry according to MHFA England, whose survey findings highlight the impact of poor mental health in the workplace. The survey of 1000 employees working in financial services revealed 60% of the sector’s employees feel their employer could do more on workplace mental health, with 41% of financial services employees saying flexible working hours would improve the condition.

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