Changing jobs is more common than ever. Many professionals move on to new roles every 3 to 5 years. They do so for a variety of reasons, such as for promotions, to advance their careers or to work for a desirable organization. However, mental health is now at the top of the list of reasons why people are changing jobs, according to new data

This is certainly a trend our financial recruiters in Toronto have seen over the past few years. People are taking their mental health seriously and are willing to make a career change to do it. Below, we will take a look at this new data.

woman crouched in office considering changing jobs due to mental health

Current work environments are a reason why employees are changing jobs

Employees are increasingly stating that they work in a toxic work environment. According to survey data

  • 80% of workers say they work in a toxic environment. This is up from 67% in 2024. 
  • 93% say employers are not doing enough to support their mental health, up from 78% last year. 
  • Overall, 71% of workers describe their mental health at work as poor (40%) or fair (31%). Only 29% call it good (20%) or great (9%).

What are the top causes of poor employee mental health?

The survey found that the 5 top things are hurting their mental health. Leading the way is toxic culture and poor management, which was cited by more than 50% of respondents:

  1. Toxic work culture (59%)
  2. Poor management (54%)
  3. Lack of growth opportunities (47%)
  4. Increased workload (47%)
  5. Staffing shortages (33%)

57% of workers would rather quit than stay in a toxic workplace.

Employees today are no longer willing to settle, especially when it comes to their mental health. The survey found that 63% would prioritize their mental well-being over having a “brag-worthy” job, 43% would pass on a promotion, and 33% would even forgo a raise to protect their mental health.

Instead of staying in a toxic workplace, workers say they would:

  • Quit their job (57%)
  • Be laid off (42%)
  • Take a salary cut (29%)
  • Work weekends (23%)
  • Give up vacation days for a year (14%)

The recruiter perspective

Mental health is becoming a key driving force behind career decisions. Employers can no longer afford to ignore the impact of workplace culture and leadership on employee well-being. Workers today are setting clearer boundaries and making bold choices to protect their mental health, even if it means leaving a role, declining promotions, or accepting less pay. For organizations, this shift is a wake-up call. Organizations need to create a psychologically safe, supportive environment if they want to retain top talent and build a strong workforce. 

More About Career Change

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Cam Whalen Financial Recruiter

Cam Whalen

Cam is a Director, Client Services at IQ PARTNERS FinTech and Financial Services, & Insurance team. Born and raised in New Zealand, Cam completed a Commerce Degree with a double major in Commercial Law & Marketing before getting into the world of recruitment.

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