X
  • About
  • Advertise
  • Contact
  • Events
Subscribe to our Newsletter
  • News
    • Markets
    • Regulation
    • Super
    • M&A
    • Tech
    • Appointments
  • Podcast
  • Webcasts
  • Video
  • Analysis
  • Promoted Content
No Results
View All Results
  • News
    • Markets
    • Regulation
    • Super
    • M&A
    • Tech
    • Appointments
  • Podcast
  • Webcasts
  • Video
  • Analysis
  • Promoted Content
No Results
View All Results
No Results
View All Results
Home News

Over half of all managers in finance sector don’t discuss mental health with team

A new report has revealed that over 50 per cent of managers in the finance and banking sector have not had a discussion with their team about their mental health since the start of the COVID-19 pandemic.

by Neil Griffiths
September 1, 2021
in News
Reading Time: 2 mins read
Share on FacebookShare on Twitter

The workplace mental health report, conducted by Allianz, also found that 69 per cent of employees have not discussed the subject with their employer, which remains unchanged from the figure reported in its 2020 release.

The report further notes that 82 per cent (eight in 10) employees within the finance and banking industries experienced concerns while working throughout the pandemic.

X

“Since the pandemic, it has become harder to learn how to balance work and personal life – it is an ongoing issue that employees and employers are trying to get right,” Mitch Wallis, founder of mental health organisation Heart On My Sleeve, said.

“We no longer have those physical cues when we finish work for the day, the leaving of a building, closing of a laptop or a social interaction with colleagues.

“As humans, we crave this certainty, we crave knowing what to do, how to do it and when to do it. However, the pandemic has presented challenges in the workplace that have increasingly blurred the lines between professional and personal, across all industries. 
 
“Employees want to feel supported, and to know that they can switch off and transition to their personal life at the end of a day. It’s more important than ever to foster an open, empathetic and educated culture that respects work-life balance by providing a space that nourishes and supports mental health and wellbeing.”

The report highlights the need for urgent discussion about mental health in the workplace, with Allianz’s claims data showing that the average cost per active psychological claim is around 3.5 times that of active claims for physical injuries.

Allianz’s chief general manager personal injury, Julie Mitchell, said that the company is seeing a growing number of people accessing benefits for a psychological claim related to their workplace.

“What’s more, while the pandemic is impacting injured workers’ return to work – with treatments and appointments delayed – due to lockdowns, the loss of routine also has a direct correlation with an individual’s recovery and holistic wellbeing,” Ms Mitchell said.
 
“We’re encouraging preventative measures and resources as key to supporting employees’ mental health while living in a pandemic world and beyond.

“The workplace needs to create a space that facilitates safe and secure conversations to ensure employees feel mentally supported throughout the pandemic and beyond. For this to happen, organisations need to constantly be updating and evolving their approach and making sure their team is aware of the support systems in place.”

Related Posts

Nvidia surge stokes AI-bubble fears

by Adrian Suljanovic
November 21, 2025

A renewed surge in Nvidia’s earnings outlook has intensified debate over whether the artificial intelligence boom is veering into bubble...

APRA report highlights super’s outsized role in times of crisis

by Georgie Preston
November 21, 2025

In its newly released Systemic Risk Outlook report, the Australian Prudential Regulation Authority (APRA) has flagged rising financial system interconnectedness...

Tariff slowdowns clash with AI optimism heading into 2026

by Georgie Preston
November 21, 2025

Despite widespread scepticism over President Trump’s follow-through on tariffs - highlighted once again this week by his dramatic reversal on...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

VIEW ALL
Promoted Content

Global dividends hit a Q3 record, led by financials.

Global dividends surged to a record US$518.7 billion in Q3 2025, up 6.2% year-on-year, with financials leading the way. The...

by Capital Group
November 18, 2025
Promoted Content

Why smaller can be smarter in private credit

Over the past 15 years, middle market direct lending has grown into one of the most dynamic areas of alternative...

by Tim Warrick, Managing Director of Principal Alternative Credit, Principal Asset Management
November 14, 2025
Promoted Content

Members Want Super Funds to Step Up Security

For most Australians, superannuation is their largest financial asset outside the family home. So, when it comes to digital security,...

by MUFG Pension & Market Services
October 3, 2025
Promoted Content

Boring Can Be Brilliant: Why Steady Investing Builds Lasting Wealth

In financial markets, drama makes headlines. Share prices surge, tumble, and rebound — creating the stories that capture attention. But...

by Zagga
October 2, 2025

Join our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.

Latest Podcast

Podcast

Relative Return Insider: Economic shifts, political crossroads, and the digital future

by InvestorDaily team
November 13, 2025
After more than two decades, InvestorDaily continues to be an institution that connects and influences Australia’s financial services sector. This influential and integrated media brand connects with leading financial services professionals within superannuation, funds management, financial planning and intermediary distribution through a range of channels, including digital, social, research, broadcast, webcast and events.

Subscribe to our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.

About Us

  • About
  • Advertise
  • Contact
  • Terms & Conditions
  • Privacy Collection Notice
  • Privacy Policy

Popular Topics

  • Markets
  • Appointments
  • Regulation
  • Super
  • Mergers & Acquisitions
  • Tech
  • Promoted Content
  • Analysis

© 2025 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited

No Results
View All Results
NEWSLETTER
  • News
  • Markets
  • Regulation
  • Super
  • M&A
  • Tech
  • Appointments
  • Podcast
  • Webcasts
  • Promoted Content
  • Events
  • About
  • Advertise
  • Contact Us

© 2025 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited