Toronto, August 02, 2022 – Deloitte Canada and LifeWorks today released a report outlining a playbook to support the well-being and resiliency of senior leaders. This guide incorporates input from organizations in Canada, including some with global operations.
This playbook follows research released by Deloitte Canada and LifeWorks in July 2021, which underscored the need for organizations to proactively support senior leaders. The survey revealed that 82 per cent typically feel the mental and/or physical exhaustion indicative of burnout and 51 per cent were contemplating leaving, retiring, or downshifting from their current organization or position.
The four key action areas outlined in the new report are as follows:
“Supporting the mental health and well-being of senior leaders is being recognized as paramount to organizational performance and resiliency. So, it’s not surprising to see CEOs and executive teams personally leading these efforts and even some Boards playing a role. Organizations need to build a culture where leaders are encouraged and supported to fit their own oxygen masks first, as leaders cannot support the workforce without the right foundation for their own well-being”, said Zabeen Hirji, executive advisor, future of work and lead CHRO20, Deloitte Canada.
“Senior leaders carry an immense weight on their shoulders when it comes to workplace changes and stressors. Not only are they experiencing these challenges themselves, but they also need to provide support for their direct reports. While it has been encouraging to see a larger emphasis placed on employee wellbeing since the pandemic emerged, senior leaders are often left out of the conversation. Organizations will see their business outcomes suffer if this continues.”, said Paula Allen, global leader and senior vice president, research and total wellbeing, LifeWorks.
The full LifeWorks and Deloitte Canada report can be found here. The report includes additional recommendations on both short- and long-term initiatives, targeting the four elements of the framework.
About LifeWorks
LifeWorks is a world leader in providing digital and in-person solutions that support the total wellbeing of individuals – mental, physical, financial and social. As the trusted leader in mental health and wellbeing, LifeWorks delivers a personalized continuum of care that helps our clients improve the lives of their people and by doing so, improve their business. Guided by our purpose to improve lives and improve business, we help our clients improve the wellbeing of their people, we help them improve workforce engagement and productivity, thereby improving the performance of our clients’ organizations. LifeWorks is a publicly traded company on the Toronto Stock Exchange (TSX: LWRK). The Company has approximately 7,000 employees, 25,000 clients, and serves 36 million individuals and their families around in more than 160 countries.
About Deloitte Canada
At Deloitte, our Purpose is to make an impact that matters. We exist to inspire and help our people, organizations, communities, and countries to thrive by building a better future. Our work underpins a prosperous society where people can find meaning and opportunity. It builds consumer and business confidence, empowers organizations to find imaginative ways of deploying capital, enables fair, trusted, and functioning social and economic institutions, and allows our friends, families, and communities to enjoy the quality of life that comes with a sustainable future.
Deloitte provides industry-leading consulting, tax and legal, financial advisory, audit and assurance, and risk advisory services to nearly 90% of the Fortune Global 500® and thousands of private companies. We bring together world-class capabilities, insights, and services to address clients’ most complex business challenges.
Deloitte LLP, an Ontario limited liability partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.
To learn more about Deloitte Canada, please connect with us on LinkedIn, X, Instagram, or Facebook.
Press contact(s):
Katie Watkins
Deloitte Canada
Tel: 437-778-6339
kawatkins@deloitte.ca