Just one in three UK businesses prepared to handle employee well-being concerns

The number of employees voicing well-being concerns is on the rise, but a significant number of organisations and managers are ill-prepared to address them, according to new research from Mintago.

The FinTech start-up surveyed 503 senior managers within UK-based organisations (public and private sector). This revealed that an overwhelming majority (87%) have been approached by an employee in the past 12 months to discuss concerns relating to their well-being.

Following mental health (48%) and job satisfaction (43%), financial well-being (40%) emerged as the third most prevalent concern that employees spoke to their managers about.

Of those who had discussed financial well-being issues with employees, 68% of managers cited the cost of living crisis (68%) as the predominant source of concern. This was followed by requests for a pay rise (50%), keeping up with rental or mortgage payments (46%) and worries about debt (43%).