Financial Stress and Mental Health – Why Younger Employees Leave

posted in: Career, Mental Health 0 |
Reading Time: 4 minutes

I think this is interesting in a couple of different ways. Clearly, workers are putting a much higher value on their own mental health, and companies that don’t get that, and support it, are going to end up having quite a bit of turnover.

But, the other thing that I wanted to think more about was what those specific reasons say about the mental health of Millennial and Gen Z workers. They seem to be dealing with a lot of stress around finances, and having that stress impact their mental health. Is that new? Or is it more likely that Gen X and Boomers have had those same stresses, but didn’t really identify them as mental health issues, like anxiety.

I think there’s something to that. Not to start talking about how things were “back in my day”, but I don’t recall anyone talking about anxiety in the same way we talk about it now. I suspect that many of us had anxiety around finances, we just didn’t call it that, and our solution to that anxiety was, of course, to work harder and longer.

And guess what? The next generations watched us do that, especially the Baby Boomers, and realized that it doesn’t actually work. Our mental health has sucked, for years, and we just didn’t admit it. They are willing to talk about it, and look for work that fits with lessening stress, especially stress that is related to finances.

Now, you would think that if they had more stress around finances, they would also just “work harder and longer”, but that assumes that the relationship between employers and employees is the same as it was 25-30 years ago, and it’s just not. Companies come and go now overnight. They run out to hire when things are growing, and rush to fire when things are not growing. Whole industries barely exist anymore. None of us live in the same work world that we grew up in any more.… Read More

Linked: Mental health widely seen as a barrier to career progression

posted in: Career, Links, Mental Health 0 |
Reading Time: 2 minutes

I could see this being true, because we know there is a lot of stigma surrounding mental health issues in the workplace:

“New research from recruitment agency Hays claims that nearly a quarter (24 percent) of those who have or have experienced a mental health condition feel they do not have equal access to the same career progression opportunities as other colleagues. Similarly, 12 percent of those who have had or experienced mental ill health said they felt this had led to their chances of being selected for a job being lowered.”… Read More

Linked: The Lonely, Pixelated Hell of Networking During the Pandemic

posted in: Career, Links, Mental Health 0 |
Reading Time: 1 minute

Most of these sound awful, and the ones that are “not so voluntary” attempts to make sure workers are engaged sound even worse.

Actually, I suspect they are doing a lot more harm to engagement than good.

There are ways to network during this time. They’re different, they’re a little more work, and they take some getting used to. But they don’t need to be ridiculous, and they definitely don’t need to be forced.

In fact, this is a great time to simply send someone a note asking for 15-30 minutes of their time. Most of us are pretty open to doing exactly that with coworkers or peers in our industry. I’d be happy to find some time to have a conversation with you about my industry, or mental health, or blogging. Or even to just have a coffee or beer with virtually. We don’t even need to be on our webcams if you don’t want.

See, isn’t that better than having 50 people on mute while the CEO talks, or getting randomly matched with coworkers?

Ugh, the introvert in me shudders to think about some of these. Please, don’t. Just ask someone to get a coffee like we used to.… Read More

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