The sector also saw the strongest productivity gains during the pandemic, up 9.8% since February 2020.
Over half of respondents said their financial services employer had taken steps to improve staff mental health and 60% described their workplace as ‘supportive’ or ‘extremely supportive’. As a result, 42% said they would ‘definitely’ stay with their employer for the next 12 months.
Positive measures, specific to the pandemic, included the ability to work remotely, flexible working and saving time and money on their commute.
Superfriend chief executive, Margo Lydon, said: “It is a good news story for the financial and insurance services industry from a mental health perspective, particularly after the long-term scrutiny the industry endured following the Senate Inquiry into Insurance and the Financial Services Royal Commission, and the impact these events and subsequent changes had on the sector workers’ wellbeing.