A mental health crisis is unfolding in workplaces worldwide, with financial services emerging among the hardest-hit sectors, the Financial Times reported on Monday, citing recent research.
Burnout, depression, and anxiety are the main issues that significantly undermine productivity, economists, business leaders, and health advocates have warned.
A survey by global consultancy firm Deloitte revealed that 17% of finance and insurance workers in the UK experience exhaustion, declining performance, and mental distancing, compared to a 12% average across all sectors.
The report noted that the annual cost of poor mental health per employee in financial services amounts to £5,379, more than double that in any of the 14 other industries examined.