A new study shows that Millennials and Gen Zer’s are far more likely to quit their jobs than Gen X folks. The reason many of these younger folks quit their jobs is mental health. Newer generations are less likely to stick it out with companies that negatively affect their mental well being.
“Mental health awareness has reached an inflection point. Singers, actors, and athletes are increasingly coming out about their challenges. Michael Phelps has been outspoken about his struggles with depression. Lady Gaga told the press what it’s like to live with PTSD. Prince Harry added his voice to the group when he spoke about his battle with anxiety. Dwayne “The Rock” Johnson, talking about how he copes with depression, said, “One of the most important things you can realize is that you’re not alone.”
“Mental health is becoming the next frontier of diversity and inclusion, and employees want their companies to address it. Eighty-six percent of our respondents thought that a company’s culture should support mental health. This percentage was even higher for Millennials and Gen Zers, who have higher turnover rates and are the largest demographic in the workforce. Half of Millennials and 75% of Gen Zers had voluntarily left roles in the past for mental health reasons, compared with just 20% of respondents overall, a finding that speaks to a generational shift in awareness. It is not surprising then that providing employees with the support they need improves not only engagement but also recruitment and retention, whereas doing nothing reinforces an outdated and damaging stigma.”
“A 2017 report from the Center for Collegiate Mental Health at Penn State University found that, based on data from 147 colleges and universities, the number of students seeking mental-health help increased at five times the rate of new students starting college from 2011 to 2016. And a Blue Cross Blue Shield study published in 2018 revealed that major depression diagnoses surged by 44 percent among millennials from 2013 to 2016.”
This may be a good thing as far as keeping our population mentally well. It could cause employers to become more conscious of the welfare of their employees. But at the end of the day, it’s all about the bottom line for companies, so they may choose to find a way to screen out those who are unwilling to work.