Employer support is not enough to help the wellbeing of millennials
Wellbeing among millennials across the UK workforce has fallen since the beginning of the COVID-19 pandemic, despite increased support from employers.
Before the onset of the pandemic three fifths (59%) of those born between 1981 and 1995 rated their wellbeing positively - this figure has now dropped to two fifths (39%), according to a survey from recruiting company Hays.
Millennials’ view on the state of their wellbeing is 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).
Overall, 42% of professionals across the UK currently rate their wellbeing positively, which has fallen from 47% when surveyed in July.
Simon Winfield, managing director of Hays UK and Ireland, said: “Professionals have faced a huge degree of change which has taken its toll.
“Typically, this group (millennials) 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.”
Despite the reported drop in wellbeing, more than three quarters of respondents (79%) said that their organisation offers some support for their wellbeing and mental health.
A third (33%) said that their organisation has adequate policies in place, 30% said there are resources available and 28% said there are people available to help.
Winfield said a more personalised approach towards staff wellbeing is needed.
“Our findings suggest that far more needs to be done,” he said. “What’s key is ensuring that the support and perks on offer are tailored to the different demographics.
“What a professional over 50 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.”
Hay’s first wellbeing survey was carried out between 23 April to May 4 2020 and received 16,228 responses from both professionals and employers.
Its latest one was carried out between 2 to 22 October 2020, receiving 11,816 responses.