11. Financial stress \\ (Part 2) Navigating 2024's Top Mental Health Trends for Mid-Managers

In episode 11, our hosts Theresa, Erik, and Woz take a deep dive into how financial stress affects employees and what mid-level managers can do to help. While managers might not influence company-wide financial policies, they play a crucial role in mitigating day-to-day financial stress for their teams. Tune into learn more about: Understanding Financial Stress: Theresa kicks off the episode by breaking down the financial stress factors affecting employees globally, such as inflation and cost of living increases. Salary and Job Security: The team discusses practical ways managers can address financial stress through salary and job security. Woz emphasizes the importance of educating oneself on the company’s compensation philosophy and frameworks to advocate effectively for team members. Open Communication: Erik highlights the necessity of maintaining open, transparent, and honest communication with team members about financial concerns and job security. He shares insights on how this builds trust and eases anxiety. Empathy and Support: Theresa shares strategies for managers to show empathy and support, including professional development and career growth opportunities. She introduces the concept of “holding your space” to remain a steady, supportive presence for employees under stress. Practical Tips: The hosts provide tangible advice on navigating sensitive financial conversations, advocating for fair compensation, and balancing professional and personal life discussions. Resources: Read more of Calm’s 2024 report on the top trending mental health trends leaders need to know about - https://business.calm.com/2024-voice-of-the-workplace-report/ Enjoy a 30 day free trial of Calm’s premium subscription plan. Limited guest passes so grab one now! https://www.calm.com/gp/PELKPE4R8XFNA8HNF4