What's the top source of stress for workers?
A new report from Employment Hero has revealed alarming levels of burnout among New Zealand workers, with 61% reporting its effects in the past three months, a notable increase from 53% in 2022.
The "Wellness at Work Report 2024," which surveyed 1,002 employees, found that Gen Z employees are particularly vulnerable, with 70% experiencing burnout over the past three months, the highest among all age groups.
Another 48% of Gen Z workers reported feeling stressed several days each week, according to the report.
The cause of burnout
Financial stress emerged as the predominant source of anxiety for many workers, with 32% of respondents identifying it as their primary concern.
Despite the increasing rates of burnout, 60% of New Zealand employees expressed satisfaction with their mental health, according to the report.
This suggests that many may be becoming desensitised to stress, according to the report.
"While it's encouraging to see that 65% of employees feel supported, we cannot ignore the rise in stress and the cost-of-living challenges," said Ben Thompson, Employment Hero's CEO and Co-Founder, in a statement.
"We hope this report inspires more businesses to make wellness a core part of their strategy to foster resilient, productive teams."
Addressing burnout at work in New Zealand
Amid high burnout levels, employees have identified flexible work arrangements and benefits such as healthcare discounts and upskilling opportunities as crucial for alleviating stress.
Access to mental health services is increasingly viewed as essential for helping employees manage the pressures they face in their roles.
Jay Barrett, a workplace psychologist at Glia, also said it is essential for employers to equip teams with psychological strategies and ensure leaders are prepared to support those facing challenges.
"A multi-faceted approach — one that builds resilience and sets up supportive structures — can significantly enhance well-being and success at work," Barrett said in a statement.