A hidden crisis is spreading across workplaces around the world, and the financial services sector is one of the hardest hit. According to the Financial Times, a new study reveals that burnout, depression, and anxiety are taking a heavy toll on workers' mental health, and in turn, damaging productivity in companies.
The research, conducted by global consultancy firm Deloitte, shows that 17% of workers in finance and insurance in the UK are suffering from exhaustion and feeling mentally distant from their work. This is higher than the 12% average seen across other industries. What's worse, poor mental health costs the finance sector a staggering £5,379 per employee every year—more than double the cost compared to other industries.
Globally, the problem is even more alarming. The World Health Organization (WHO) and the International Labor Organization (ILO) report that depression and anxiety cause workers to lose a shocking 12 billion workdays each year. This mental health cri...
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