Money worries in the work place – How better financial and mental health support is needed in the workplace
By Sian Williams and Carl Packman
Today (Monday 10th October) is World Mental Health Day, a worldwide event which aims to promote education, awareness and advcacy of mental health related issues.
To mark this global event, Sian Williams (Head of National Services) and Carl Packman (Research and Good Practice) wrote this blog for the Money and Mental Health Policy Institute to highlight how better financial & mental health support is needed in the workplace.
Being in financial difficulty is not just about being out of work
As a money advice sector, we are typically funded to provide support in a crisis – such as redundancy or illness. It’s crucial we understand that being unable to work – whatever the reason – carries very real mental health risks and a need to access advice. There’s no doubt that such services save lives.
But what about when I’m earning what looks like reasonable money? Will that always have a positive impact on my mental health and my work? We don’t think so. In fact, we see growing evidence that financial distress and related mental health problems can have a significant impact on employees and their capacity to function well.