Financial services seek mental health training the most
Over 80% of mental health and wellbeing training session delivered by SuperFriend over the last three months were for staff in the financial services sector.
The workplace mental health and wellbeing organisation said there had been an increased demand for its training amid the COVID-19 pandemic.
The top industries that sought support for their employees were financial services, government and energy.
SuperFriend noted the Productivity Commission said mental health cost Australian workplaces $17 billion a year and estimated that one-in-five Australians experienced a mental health condition in any year and over their lifetime.
SuperFriend chief executive, Margo Lydon, said: “The pandemic is testing the mental health of Australian workers through ongoing challenges; changes to their work, whether through reduced hours or being laid off, working remotely or behind protective equipment, and job insecurity or financial stress.
“In a short space of time, there has been an increase in anxiety around physical safety and fear for loved ones, along with a decrease in financial and job security. On top of this, forced isolation means withdrawing from our usual social networks, exacerbating loneliness and often worsening existing mental health issues.
“It’s more important now than ever to talk about mental health, especially around the challenges we're all experiencing.”
Recommended for you
A relevant provider has received a written direction from the Financial Services and Credit Panel after a superannuation rollover resulted in tax bill of over $200,000 for a client.
Estimates for the calendar year 2024 put the advice industry on track for a loss in adviser numbers as exits offset gains from new entrants.
Adviser Ratings shares five ways that financial advice changed in 2024 with an optimistic outlook for 2025, thanks to the Delivering Better Financial Outcomes legislation.
National advice firm Invest Blue has announced several acquisitions, including the purchase of an estate planning and wealth protection business Lambert Group.
