Banking giants look at ways of improving mental health in the workplace.
In an encouraging move to help staff combat the effects of stress, some of the world’s largest banks are looking to appoint counsellors in their offices. JP Morgan already have counsellors in some of their US locations, whose role involves identifying and dealing with stress in the workplace. They now plan to have an on-site counsellor in their Canary Wharf offices in London. HSBC are also considering the same. Goldman Sachs also want to train staff to be ‘mental health first aiders’.
The Health & Safety Executive (HSE) describe stress as “an adverse reaction people have to excessive pressures or other types of demand placed on them”. Under the Health & Safety at Work Act 1974, employers have a duty to protect the safety and welfare of their employees, and this includes conducting risk assessments for work related stress. More information about stress in the workplace can be found here.