Employee Benefit News August 14, 2024
The COVID-19 pandemic blindsided businesses, triggering an urgent scramble among employers to address a rapidly escalating mental health crisis. Now, four years later, mental health issues still loom large, prompting a critical question: Have these solutions truly made a difference?
With depression and anxiety set to cost the global economy $16 trillion per year in lost production by 2030, HR and benefit professionals are beginning to reevaluate workplace mental health solutions to determine if they have a meaningful impact and identify areas for improvement. There is an opportunity to reimagine the employer’s role in mental health remission, simultaneously improving employee well-being and reducing costs linked to lost productivity.
From August 2020 to February 2021, adults with recent symptoms of anxiety...
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