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.
This year’s study shows one in five (21%) working people are flourishing – the best mental health state in the study. This is more than in 2022 but some groups are being left behind, including female employees and those that are younger or from minority groups.
Employees are three times more likely to thrive if they work at a company that offers good mental health support.
*AXA Mind Health Study 2023, research of 2000 UK participants with data collection in September 2022.
Encouragingly, small businesses are taking positive steps when it comes to mental wellbeing, with 47% of employees saying their company offers good mind health support. This is up from just 32% last year, but still falls short when compared to larger businesses (56%).
Of those that said their employer supports their mind health, 1 in 4 are likely to be flourishing. And importantly, they’re also more likely to want to stay, with only 15% saying they intend to resign within the next 12 months.
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.
More and more small business owners are making wellbeing a priority within their businesses. Whether that’s to retain their current team members, to make the workplace a more positive place or to help attract new talent to join the company.
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.