XPS signs Mental Health At Work Commitment to improve and support the mental health of their employees
XPS Pensions Group (XPS) signed the Mental Health at Work Commitment today, demonstrating their ambition to develop a workplace environment and culture where all employees can thrive. By signing the Mental Health at Work Commitment, XPS has committed to achieving better mental health outcomes and a genuine longer-term positive impact on staff’s wellbeing, joining a growing movement of over 1000 organisations including including: Avon Cosmetics, B&Q, Barclays Bank, BT, Bupa UK, Deloitte UK, Hewlett Packard Enterprise, Historic England, Marks and Spencer, Pets at Home, Santander UK, Save the Children UK and many more.
Developed with the knowledge and expertise of mental health charities, leading employers and trade organisations, the Mental Health at Work Commitment provides a simple framework for employers who recognise the importance of promoting staff wellbeing. This framework sets out six clear standards based on what best practice has shown is needed to make a difference and better equip employers to create an environment where employees can thrive.
Ben Bramhall Chief Executive Officer at XPS Pensions Group commented “We have signed this commitment because we recognise the importance of mental health, both inside the workplace and outside. We have provided a range of resources and training to support the mental health of colleagues and to promote their wellbeing. Going forward, we will continue to focus on creating an open culture, where staff feel able to talk openly about mental health issues with colleagues or one of our mental health allies”
Andrew Berrie, Mental Health at Work National Lead said: “We’re delighted to see XPS Pensions Group sign the Mental Health at Work Commitment. By embedding our six standards in the way they operate, XPS Pensions Group are demonstrating a real commitment to supporting the mental health of those in their workplace. We know it can be hard to talk about mental health and seek support, which is why public commitments such as this one are so important. With issues like stress, anxiety and depression common across all employers, regardless of size or sector, we want to see every employer recognise and address any work related causes of poor mental health among their staff and it’s fantastic to see organisations like XPS taking the lead.”
In a survey of UK adults conducted by Business in the Community in partnership with Bupa in 2020, only one in two (51%) of employees say they feel comfortable talking about mental health in the workplace, whilst two in five (39%) report they have experienced a work-related mental health issue in the last year. The cost of poor mental health to UK employers has been estimated to be between £42 billion and £45 billion, according to the Mental Health and Employers Report published in 2020 by Deloitte and investment in workplace support and interventions remains a key issue.
Andrew Berrie, Mental Health at Work National Lead added: “Many leading employers have found that making a strategic commitment to the mental wellbeing of their workforce not only benefits their staff but also their bottom-line, improving productivity and staff retention. With one in six British workers experiencing mental illness it's time for businesses to make a change and start creating more mentally healthy workplaces.