In today’s market, younger generations are resigning from their day to day jobs for a more attractive deal: improved mental health. About 43 – 50% of Millennials and 75% of post Millennials, or Generation Zers are putting their mental health first. While there has been much backlash of this epidemic from earlier generations like “Baby Boomers,” there seems to be a new wave of de-stigmatizing mental health that younger generations have taken the lead on.

The Therapy Headliners

Today, “the therapy generation,” comprised of 20-30 somethings are more likely to refer to therapy than the young adults in previous eras did. So why has mental health been an increasing concern for the younger generations and what kind of impact does this have on companies? Millennials and Generation Zers are likely to quit a job within a few months to a couple of years for various mental health related reasons. Younger people are experiencing depression at higher rates than previous generations. Of course, depression could be onset by not just environmental factors, but also biological and chemical. So, what’s different about the environment today than 60 – 70 years ago?

Changing Diets are Affecting the Younger Generation

Various studies have indicated a direct link between diet and physical, mental and emotional health. Today, many foods are pumped with more additives, hormones and chemicals that were not present just a few decades ago. Although this may not be the sole environmental reason as to why younger people are going through depression at higher rates, it could explain the correlation between the two. Further environmental influences that may be affecting the burnout generation is their daily demands. Millennials are working more and getting paid less. Additionally, the cost of living has been exponentially higher than that of previous eras. Gone are the days of gasoline being 27-85 cents or the average home being priced between $3,000-$50,000 USD.

Millennials Earning Less and in More Debt

On average, Millennials earn 20% less than Baby Boomers did at the same stage of life. When you combine less pay with being crippled by more student loan debt and higher living expenses, these factors are  no surprise to a decline in this generation’s mental health.

No Longer Emotionally Invested in their Jobs

Another reason for this quitting epidemic is that younger people are simply not as emotionally and behaviorally connected to their jobs as previous generations and are also aware that there are other options and more ways to make money.

More Alternatives to Make Money

The digital era has allowed several ways for young adults to individually offer their services, talents or expertise and with perpetual technological advancements, this new way of working is not likely to slow down anytime soon.

Fewer Job Incentives

A lack of flexibility and fewer job incentives in the workforce is also  the reason for younger generations job hopping in droves. The merging of enduring anxiety and depression with less than desirable company culture has also led to an astounding decrease in employee productivity. The mental health conditions of employees have resulted in a nearly $16.8 billion loss in employee productivity. With this steep cost, it is unambiguous that companies are not doing enough to break down the stigma and are not identifying workers who may have a mental health condition and finding alternative ways to support them.

The Solution

So what’s the solution? Companies may need to break out of the traditional work model and adapt to the younger generations. It is also necessary to understand that everyone’s work style is different, just as their learning styles are. Some employees may need more stimulation and more frequent breaks and time to reconnect with coworkers, while others may need a more stable routine and independent time separate from colleagues to prevent burnout and anxiety. Whatever the individual’s work style may be, accommodating younger employees in this way can be the potential remedy for increasing overall work performance and productivity. It may even increase millennial employee retention.

Conclusion

Although there is more awareness about mental health in the workplace, it is still taboo and receives much criticism from previous generations. Taking more employees’ mental health into consideration and finding ways to support them can create a more productive and high performing culture, as well as increase employee retention. Younger employees are more likely to stay longer when the job feels worthwhile. Providing good pay, shared with a desired work style that the company offers and more solid connections with colleagues is a great recipe for better mental health of younger employees and generations to come.