Mind health index small business

AXA Mind Health Study

Each year, the AXA Mind Health study* explores the state of mental health across the UK, providing both small and large businesses with actionable insight to help support their people.

Supporting employees to flourish

This year’s study shows one in five (21%) employees in small-medium sized businesses are flourishing – the best mental health state in the study. This is more than in 2023 but some groups are being left behind, including female employees and those that are from minority groups. 

Employees who believe their company cares about the mental health of its employees are almost twice as likely to have good mind health.

*AXA Mind Health Study 2024, research of 1000 UK participants with data collection in
October - November 2023. 

How small businesses can make a big difference

Encouragingly, small businesses are taking positive steps when it comes to mental wellbeing, with 58% of employees saying their company offers good mind health support. This is up from just 47% last year, but still falls short when compared to larger businesses (64%). 

Of those that said their employer supports their mind health, 1 in 4 are likely to be flourishing.  

mental health guide

Small business guide to mental health

We know that supporting your team's mental health is as much of a priority as their physical health. And, we understand it can be tricky to know where to start. In our small business guide to mental health, Eugene Farrell, Mental Health Lead at AXA Health, shares his tips and advice on how you can support your employee's wellbeing, so they and your business can continue to thrive. 

Article: Which benefits do employees value most?

Employee benefits can sometimes be an overlooked aspect of recruitment and employee retention, with salary often being viewed as the primary motivator for candidates. However, employees and job seekers are increasingly placing a priority on the overall benefits package on offer when job hunting.

Article: Employee financial wellbeing and mental health

Financial worries have always had an effect on people’s mental health. But with the cost of living continuing to rise, it’s essential to understand the effect this can have on your employees. Particularly in a small business. Our recent article explores how money-related concerns can affect the workforce and what you can do to support the financial wellbeing and mental health of your people.

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