Employees who feel they are ‘flourishing’ are 2.5 times more likely to work for a company that supports mental wellness. AXA Study of Mind Health and Wellbeing 2023 has revealed an alarming report. Gen Z or those aged between 18 and 24 appear to be struck harder mentally than other age groups by the COVID-19 epidemic.
The study, which polled 30,000 people in 16 nations and territories in Europe, Asia, and the Americas in September, October, and November 2022, found that more than half of Gen Z (54%) are suffering from poor mental health.
In addition, at 18% globally and 14% in Asia, Generation Z has the largest proportion of persons battling psychologically (related to emotional stress and psychosocial impairment) of any age group. Only 13% of Gen Z worldwide think they are flourishing at the pinnacle of mental health, with 15% in Asia, the lowest number across all age groups. This makes the 18-24 age group the only one in the world with more people struggling than flourishing.
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Among the potential hazards to Gen Z’s mental health are:
Future unpredictability (69% in Asia vs 59% overall), Job-skill mismatch (56% vs 64% globally). Unable to distinguish between job and non-work life (49% vs 39% globally), Having difficulty keeping up with the rate of change at work (47% versus 38% internationally)
Among the aforementioned issues, the study found that having the correct job-skill match has a very strong association with mental wellness. Individuals who have the right job skills are 2.5 times more likely to perform well at work.
While Gen Z works well under pressure, they are also the most likely to retire
While Gen Z has demonstrated a superior ability to perform under stress. A higher number of Gen Z (42%) in Asia who are suffering believe they can be relied on to do their best when compared to other age groups. They also have the largest percentage of people who aim to resign in the next 12 months.
Those in Gen Z who are doing well, on the other hand, are less inclined to resign, with a rate of only 16%. This emphasizes the significance of properly facilitating positive mental health to encourage staff retention.
One in four Gen Z employees believe they are receiving good mental health care at work. The percentage is only one in 100 among those who do not, which is the largest discrepancy among all age groups.