A long-standing and common health concern, mental health disorders, including depression, anxiety, and stress, could affect at least one in five of your employees at any given time. Employees could experience reduced focus, low productivity, or declining physical health. In fact, NAMI reports that 60% of people who have been diagnosed with a mental illness were not able to receive services in the last year. Whether or not employees have access to health insurance that includes mental health benefits can be one of the primary deterrents in obtaining treatment.
While depression and other mental health conditions are common and could be easily treatable, they are still a significant health challenge for employers. However, loss of productivity due to untreated mental health conditions exceeds the cost of providing treatment eligibility through proper insurance coverage.
Consider adding one or more of the following strategies to your employee benefits plan:
- Educate employees on self-awareness of how their mental health can affect their work environment and productivity.
- Connect with a third-party employee assistance program (EAP) that employees can use as an outside resource.
- Work with managers to foster a work environment or space that is ideal for employees and their peers to openly discuss mental health.
- Facilitate mental health screenings or enlist the assistance of primary care physicians.
Studies suggest, “In the long term, costs spent on mental healthcare may represent an investment that will pay off—not only in healthier employees but also for the company’s financial health.”3
For example, employers who focused on improving employee mental health saw a favorable uptick in employee job satisfaction and productivity. A direct impact on the employee and the company, overall.
While eliminating all of life’s stresses is unreasonable, there are numerous ways employees can take charge of their mental health outside of traditional treatment.
- Take breaks to manage your stress and keep it under control.
- Inquire about the in-place EAP or suggest starting or adding one to the existing docket of employee benefits.
- Use a physical planner to help prioritize your day and most important responsibilities.
- Make sure you’re getting enough sleep (at least seven hours) to keep your physical and mental health in check.
Human Capital finds employers who take steps to address mental health in the workplace throughout the year to be an incredibly important aspect of the success of the business. Contact us to learn more about integrating this type of benefit into your existing health insurance coverage.