More than half of financial services professionals who have not received a diagnosis for mental health problems believe they may be struggling with them.

Research by global recruiter, Morgan McKinley, suggests that financial services has the highest proportion of such professionals with 53%.

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This is compared to 44% in the professional services sector.

Morgan McKinley’s Mental Health in the Workplace study has been published to coincide with Mental Health Awareness Week.

Over a thousand UK employees were surveyed, and three quarters of those who believe they may have a mental health issue are reluctant to make use of the support  provided by their employers.

Mental health in financial services

Thirty-five per cent financial services respondents state their employers offer such support compared to 27% of professional services and 25% of commerce and industry.

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“There’s a historical stigma that having a mental health issue is considered a ‘weakness’, although fortunately that view is changing,” Andrea Webb, people director at Morgan McKinley, says.

“Despite raised awareness in recent years, many employers still aren’t doing enough to provide their workforces with mental health help.

“Having programmes in place is not only a useful attraction and retention tool that can help create a happy and positive office culture, but also it ultimately contributes to a more productive workforce as people get the support they need.

“The fundamental foundations are in place at many organisations, but more needs to be done to improve confidence around the discussion of mental health issues at work so that individuals can get the help they require.”

Rachel Kelly, writer and mental health campaigner, spoke to PBI earlier this year, describing the work she does with financial services companies, giving staff strategies to look after the mental health of their clients, and their own.

“The first thing I would say is openness on the conversation is good for everybody and a good start,” Kelly said.

“I would say the second thing is that, with my experience working with corporates and companies, you have to have the senior leadership on board.”