Employee wellbeing | The UK's largest companies now recognise the link between financial wellbeing and employee mental health

The CCLA has released the 2023 edition of its Corporate Mental Health Benchmark UK report, and its findings tell us a lot about the changing landscape of the world of work and evolving pressures for both employers and employees.

Jumping from the pandemic into a cost-of-living crisis has put immense pressure on economies, supply chains, organisations, leaders and workers alike. Whilst job vacancies remain high and unemployment low in the UK, many are increasingly struggling to make ends meet.

With further Bank of England interest rate rises on the cards, and the looming prospect of a recession towards the end of 2023 and beyond, employees are increasingly worried about their financial security. And these worries are having an impact on the workplace too.

What the report says

The UK 100 report predominantly focuses on how some of the biggest employers in the UK are approaching mental health in the workflow and tiers their performance based on a set of criteria. For example, the likes of Experian and HSBC are in the top tier, whilst firms like the Weir Group have climbed from tier four to tier two since 2022.