The financial sector is leading the way when it comes to offering employees psychological and emotional support, it has been claimed.
Employee assistance programme provider CiC said that it had seen a sharp rise in the number of financial sector companies seeking to cater for the psychological needs of their employees.
Among the needs that the sector was increasingly trying to address were coping with the psychological effects of change and training managers to break bad or major news.
One reason for this could be that the financial sector is usually regarded as a high-pressure sector, the company suggested, with statistics revealing that 79 per cent of finance union Unifi members reporting that they regularly feel overloaded or burned out.
"There is no doubt that the financial sector is currently leading the way in employee assistance – the sharp rise in organisations contacting us for support with their change management systems is very heartening indeed," said CEO of CiC, Kate Nowlan.
"Change affects us all in different ways – especially when it is work related – and for a sector to be embracing employee assistance as much as the financial sector is a very strong message for other industries to follow suit."