THE PROBLEM
68% of Millennials
and
81% |
of Gen Z’s
have left roles for mental health reasons, both voluntarily and involuntarily |
“Resignations are occurring at alarming rates for tenured, long-term employees.”
—Dr. Andrea Derler, Researcher
“Workers are burned out. Fried. Fed up. And they're not going to take it anymore.”
— Robert Reich, former Secretary of Labor
COSTLY TURNOVER
Replacing employees who quit can cost 2 times their salary + Lost Productivity during Search and Onboarding.
For example, turnover and replacement costs can be as high as $2.6 million per year at a 100 person organization with a $50,000 average salary.
MENTAL HEALTH
68% of Millennials and 81% of Gen Z's have left roles for mental health reasons, both voluntarily and involuntarily.
“Toxic culture is the single best predictor of attrition during the Great Resignation.”
— MIT Sloan School
“A toxic culture is ten times more important than compensation in predicting turnover.”
— Glassdoor Research
Mental Health addresses cognitive processes. Our ability to think clearly and make good decisions. Problems typically arise from chemical imbalances in the brain.
Emotional Health involves managing and expressing how we feel. Our ability to cope with emotions, stressors, as well as our relational connections with others.
"Poor Mental and Emotional Health can result in psychological or social disorders, anxiety, burnout, insomnia, mood swings, and depression. This often spurs eating issues, alcoholism or substance abuse."
— Curt Kuliga, The Progressive Institute
THE PROBLEM IS EXACERBATED IN LAW
The average associate attrition rate in law firms was 27% in 2021.
It was calculated that for every 20 lawyers hired, more than 15 would leave within six years.
Data in Thomas Reuters Institute’s 2022 Report on the State of the Legal Market shows that some law firms are facing the dismal prospect of losing 125% of their associates over the next five years.
Lawyers struggle with anxiety, stress, and substance abuse more than any other professionals.
According to the American Bar Association:
- 1 in 3 lawyers are problem drinkers
- 28% of lawyers suffer from depression
- 19% of lawyers have severe anxiety
- 11.4% of lawyers had suicidal thoughts in the previous year
WE NEED SOLUTIONS
- Organizational Effectiveness: It makes good business sense for a firm's lawyers to be healthy.
- Ethical Integrity: It's good for clients. Between 40% and 70% of disciplinary proceedings and malpractice claims against attorneys involve substance abuse or depression or both.
- Humanitarian Reasons: Promoting well-being is good for lawyers and their families and good for the profession.
MENTAL HEALTH SOLUTIONS
91% of Employees believe a company's culture should support mental health.
91% of Employees believe a company's culture should support mental health.
"The Mental and Emotional Health of employees is fundamental to successful companies in the future. Today's most progressive firms are committing to Organizational Well-being by... proactively addressing ... critical dimensions of company culture and the workplace environment."
— Curt Kuliga, The Progressive Institute
Self-Compassion for Lawyers is here to help.
© 2023 Elizabeth Pyjov