Nearly Half of SMEs Report Staff Mental Health Concerns

According to a recent survey by Lloyds Bank, nearly half (49%) of small businesses have reported problems with their staff’s mental health during the last year.

SMEs with staff numbers between two and nine reported that both mounting pressures of responsibility (58%) and overwork (57%) were some of the main reasons for becoming unwell. More than half (55%) of those surveyed stated poor work-life balance as a further cause.

In contrast, 73% of bigger firms employing more than 35 members of staff and over a quarter (27%) of sole traders reported problems.

The survey revealed that those between the ages of 35 and 44 were most likely (30%) to be at risk of becoming unwell compared to those aged over 55 being least likely (15%). Geographically, those businesses based in London were at particular risk of difficulties (60%) compared to those based in the north of England (44%).

Gareth Oakley, managing director of business banking at Lloyds Bank, said, “The wellbeing and health of employees should always be a priority, but never more so than now when we are dealing with the impact of the pandemic.”

“The months ahead may be a testing time for some British businesses, so it’s vital that employers continue to focus both on their own wellbeing and that of their employees.”

HealthHubble is proud to list a wide range of mental health professionals, organisations and charities who can offer help and support.


Interested in learning more? Click to find more news stories brought to you by HealthHubble.


Carrie Plummer - Editor & Content Manager

Mental Health and Wellbeing News

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