Mental Health In the Workplace Series: Part 1

Mental health support has become a workplace imperative. Ignoring the toll that poor mental health can take on employees can be costly for employers, especially with major demographic workplace shifts on the horizon. An estimated 75 million Baby Boomers are expected to retire by 2030. That same year, two-thirds of the U.S. workforce will be staffed by Millennials and Gen Zers.¹

 

Year over year, The Hartford’s Future of Benefits Study has shown a connection between employee mental well-being, mental health support and the impact on a company’s bottom line. Nuestra página 2023 Future of Benefits Study found that Gen Zers and Millennials are more likely to report experiencing anxiety and depression. And 64% of employers say the deteriorating mental health of their workforce has a negative financial impact on their company.²

 

We understand your clients have different needs when it comes to mental health services and support for today’s workforce. In addition to Employee Assistance Programs (EAPs), support may be included in income protection benefits, like disability insurance, to help an employee return to work. There are also certain voluntary products that may provide direct cash benefits to employees for mental health treatment.

 

We put together a mental health toolkit for employers that includes information and resources to support their employees and help create a stigma-free workplace. Additional mental health resources are available from our partners:

 

Your clients may also be interested in news releases from our study with NAMI, highlighting mental health insights specific to Negro y LGBTQ+ workers in America.

 

 

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¹ The Hartford's 2023 Future of Benefits Study, viewed August 2023.

 

² An Early Outlook of a Millennial-led Economy in 2030 – UPCEA, viewed August 2023

The Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries, including underwriting company Hartford Life and Accident Insurance Company under the brand name, The Hartford,^® and is headquartered at One Hartford Plaza, Hartford, CT 06155. For additional details, please read The Hartford’s legal notice at www.thehartford.com. Todos los beneficios están sujetos a los términos y condiciones de la póliza. Policies underwritten by the underwriting company listed above detail exclusions, limitations, reduction of benefits and terms under which the policies may be continued in force or discontinued.