Employers Need to Rejig Mental Health Assistance

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  • Mental health issues in the workplace contribute largely to the rates of absenteeism, presenteeism, and also increase healthcare spendings. Major depression alone affects about 7 percent of full time workers in the U.S., with workplace costs accounting for half of the $210.5 billion annual economic burden of major depression
  • According to recent data, the pandemic has exacerbated this burden. with 23 percent of workers feeling down, depressed, and hopeless. This inevitably translates to poor workplace productivity and increased healthcare costs
  • The onus, therefore, is on employers to step up mental health initiatives in the workplace. Some recommendations include as simple as checking in regularly with workers about their mental wellbeing, increasing access to mental health services and resources, and emphasizing mental health as a priority for the company