Industry Charity retailTrust Reveals Alarming Stats

  • Retail workers in UK have the worst mental wellbeing among all employee groups
  • 84% of retail employees report negative impact on their mental health due to Covid-19
  • Two-thirds of retail managers notice increased mental health issues among staff
  • Only 28% receive enough support from companies
  • RetailTrust provided £800,000 in financial aid last year, a 125% increase from previous year
  • Demand for mental health services grew by 164% over the past year
  • Digital event on May 10-11 to address issue with retailers like Morrisons, Asos and John Lewis participating

A survey by retailTrust reveals that UK retail workers are suffering from the worst mental wellbeing among all employee groups, with 84% of them reporting a negative impact on their mental health due to Covid-19. Two-thirds of retail managers have noticed increased mental health issues among staff but only 28% receive enough support from their companies. RetailTrust provided £800,000 in financial aid last year, a 125% increase from the previous year and demand for mental health services grew by 164%. A digital event on May 10-11 will address this issue with retailers like Morrisons, Asos, and John Lewis participating. The pandemic has highlighted the need for businesses to support their workers for better culture and growth.

Factuality Level: 8
Factuality Justification: The article provides accurate and relevant information about the mental wellbeing of retail staff in the UK during the pandemic, citing statistics from a survey conducted by retailTrust and quotes from industry leaders. It also mentions the efforts made by the charity to support these workers and the upcoming digital event to address this issue.
Noise Level: 3
Noise Justification: The article provides relevant information about the mental wellbeing of retail staff during the pandemic and highlights the need for support from companies. It also mentions upcoming events to address this issue. However, it lacks in-depth analysis or solutions beyond general statements.
Financial Relevance: Yes
Financial Markets Impacted: The article discusses the financial aid provided by retailTrust and its increase in demand for mental health services, which could potentially impact companies’ expenses and HR policies.
Financial Rating Justification: The article mentions financial aid provided to retail workers during the pandemic and the increased demand for mental health services, which can have implications on company costs and employee well-being, making it financially relevant.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: Although the article discusses mental health challenges faced by retail workers due to the pandemic, it does not mention an extreme event that happened in the last 48 hours. The impact is considered minor as it highlights the struggles of retail employees during the pandemic but does not describe a specific extreme event.

Reported publicly: www.retailsector.co.uk