Overwork fatigue, dismissal anxiety, performance concerns, performance pressure and overall career concerns in a lukewarm job market have increased significantly among India Inc employees in the last month or so. These are some of the stress triggers that are currently prevalent. , according to mental health experts.
Plum, an employee health insurance platform, has seen a 4x increase in telemedicine consultations over the past seven months for employee mental health issues. Over 77% of his consultations were from young adults at her 21 and her 30, followed by 17% from millennials at her 31 and her 40.
Counseling sessions for work-related concerns increased from 577 in October 2022 to 663 in December 2022, according to employee assistance provider 1to1help, in line with the series of global layoff announcements. I’m here. As of Jan. 23, according to 1to1help internal data shared exclusively with ET, the total number of work-related sessions is 435, with a week to go.
Sanjana Khare, Professional Counselor at 1to1help.net said:
ET spoke with Ashish (name changed), a graduate of a major engineering college in Nagpur who lost his job last month. He said it wasn’t just about his monthly salary being cut, but also about the relationships he had built over time at work.
“For most people who have been laid off, work is more than just a source of income,” he told ET. It can take a toll on your mental health.
According to Mohinish Sinha, Partner at Human Capital Consulting at Deloitte India, changing work models from working from home to hybrid, full-time office work is already causing stress.
“Thus, professionals should be more concerned about building their careers and futures when there are headwinds facing their organizations and industries,” said Sinha.
Companies are tracking the impact of mental health on work. For example, according to his recent Deloitte mental health survey, poor employee mental health costs Indian employers around $14 billion annually. “If you are already facing business and macroeconomic stress, this is not the path you want to take,” Sinha said.
With the general economic slowdown and the arrival of winter with startup funding, bulk jobs are getting cheaper, said Prabir Jha, founder and CEO of Prabir Jha People Advisory. “For those with niche skills, there may not be much to worry about, but heightened anxiety in the employee market will inevitably be driven by general mood and uncertainty.” He said.
Recently, Zomato CEO Deepinder Goyal announced that not one but 800 positions will be available with his LinkedIn handle. As ET previously reported, the entrepreneur was ultimately trolled after this post.
