Many millennials struggling with their wellbeing

Despite many employers providing increased support, wellbeing among millennials across the UK has plummeted since the start of the pandemic.

The Hays report gathered responses from over 11,500 employers and employees in the UK and revealed that before the impact of the virus, 59% of professionals born between 1983 and 1995 rated their wellbeing positively – this dropped to 39% during the pandemic.

It is also considerably lower than 48% of Baby Boomers (born between 1940 and 1960), 46% of professionals in Generation Z (born after 1995) and 42% of Gen X (born between 1961-1982) who currently rate their wellbeing positively.

However, despite the reported drop in wellbeing, more than three quarters of respondents (79%) say that their organisation offers some support for their wellbeing and mental health. A third (33%) say that their organisation has adequate policies in place, 30% say there are resources available and 28% say there are people available to help.

Simon Winfield, Managing Director of Hays UK and Ireland, commented on the findings, “Professionals have faced a huge degree of change which has taken its toll, particularly on millennials. Typically, this group are interested in exploring new career paths and progressing into more senior roles which may now feel out of reach due to the uncertainty caused by the pandemic.

“It’s certainly encouraging that employers have stepped up their wellbeing support, but our findings suggest that far more needs to be done. What’s key is ensuring that the support and perks on offer are tailored to the different demographics. What a professional over fifty needs to manage their wellbeing is likely to be different to someone in their thirties. One size doesn’t fit all when it comes to providing wellbeing support. We’ve got to address this now – employers have a responsibility to make sure wellbeing doesn’t plummet further over the winter months.”

To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.