Industry focused on employee wellbeing, says ACSI

— 1 minute read

Financial services companies are seemingly committed to the wellbeing of their employees, with 75 per cent implementing appropriate programs or initiatives, says the Australian Council of Superannuation Investors (ACSI).

In a recent ACSI study conducted by research house CAER, it was found that 75 per cent of companies have wellbeing programs in place, with 92 per cent providing ‘flexible workplaces’. 

According to ACSI, mental illness is on the rise – half of the Australian population is expected to experience a mental health issue at some stage in their life.


“Companies with mentally healthy workforces are safer, more productive, enjoy stronger employee engagement and have workers who are more resilient in times of change,” the report stated.

The ACSI stated that it is in the interest of investors to understand how companies manage the mental health of their workforce.

“Given the prevalence of mental illness, it is also in the best interests of long-term investors to work within an economy that has an inclusive approach to workforces, one that does not stigmatise mental ill health.

“Wellbeing programs are one of several possible initiatives disclosed by companies which seek to encourage positive physical and mental health among their workers,” the report stated.

The report found that training and development programs are also evident in 96 per cent of companies, and 75 per cent offer employee assistance programs (EAP) or counselling.

“For employees experiencing mental ill health, professional support and advice may help them better understand ways to address and manage their mental wellbeing,” said ACSI.



Industry focused on employee wellbeing, says ACSI
investordaily image
ID logo

related articles

  • Fortunes flag for Perpetual

    Perpetual Investment’s funds under management (FUM) have decreased by $1.1 billion over the last quarter as the market continues its move ...

  • ETPs to surpass $60bn

    The Australian exchange-traded product (ETP) industry is likely to reach $60 billion by the end of the year according to one provider, with ...

  • EMD needs specialists, not generalists

    Investors interested in emerging market debt (EMD) should employ specialist managers in order to succeed, according to a report from Willis ...

promoted stories

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.