Blogs
Supporting your employees this Mental Health Awareness Week
This week marks the arrival of Mental Health Awareness Week, now in its 23rd year, it runs from 15-21 May and is hosted by one of our clients, the Mental Health Foundation.
Published on 17th May 2023
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2 min read
We're proud to be promoting financial wellbeing to Mental Health Foundation employees as their workplace savings and pension provider.
This year, the theme is ‘anxiety’. Alexa Knight, Director of England has released a statement explaining the decision behind this year’s theme.
A common cause of anxiety is money. Money worries can have a significant impact on mental health and a recent survey by Mental Health Foundation found that during the current cost-of-living crisis, more than a third of adults feel anxious about their financial situation [¹].
However, there are ways you can help support your employees with anxiety around money concerns.
Our research shows that one in five employees agree that money worries affect their performance at work, one in three employees agree that money worries affect their mental health and one in two people now feel anxious about their finances [²].
It also showed that younger people are more anxious about the future – with more than one in two under 35-year-olds unsure about the next six months.
Cushon provides financial education and a communication strategy that focusses on providing simple and jargon-free language that can be understood by anyone with or without financial knowledge (Our research shows that 78% of employees view pensions as complex and 52% would contribute more if they understood their pension better).
We engage and educate employees with webinars and 121 sessions. Financial education tools connect employees at every level to support them with all aspects of financial resilience. Employees can also make contributions through payroll from as little as £10 a month, making the process of saving and investing easy and accessible for everyone.
References:
[¹]Mental Health Foundation survey - Stress, anxiety and hopelessness over personal finances widespread across UK (November 2022)
[²] Cushon - An employers guide to the cost of living crisis (August 2022)
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