The Impact of Declining Mental Health Among U.S. Workers
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
Resources To Help Your Clients Invest in Mental Health
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:
- National Alliance on Mental Illness (NAMI)
- Shatterproof for substance use disorder
- United Way 211 for community support services
- SAMHSA 988 crisis helpline for suicide, mental health, drugs and alcohol