Mental Health: Tracking Return on Investment 

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Mercer Marsh benefits. people Risk Modeler is a tool which leverages general employee census information, gender, date of birth, and salary, and UK-wide health-related statistics to highlight potential risks within an organization. The PRM is the first step in taking a data driven approach to understanding the health of a workforce. The benefit of this includes early identification. By analyzing multiple data sets, we can identify emerging health risks, allowing for implementation of preventive measures and reduction in spending on employer sponsored benefit plans and health initiatives.

Targeted interventions-- accurate information is used to develop targeted interventions that address the specific needs of an organization. Evidence-based decision making-- ensuring that efforts are evidence-based and aligned with the actual needs of a population increases the likelihood of successful outcomes for employee and employer. The tool can be used in a variety of ways, such as strategy planning. It can highlight areas where gaps and overlaps of benefits and support, as well as prompt additional action, which may be required.

Ensuring support to whole of workforce-- understanding the demographic needs of an organization is key to ensuring that benefits and interventions are making an impact, and in turn, get optimal return on investment. The PRM is a tool that can be used in conjunction with other services, such as the HERO Scorecard, Benefit & Intervention Mapping, and Provider Roundtables, all which assist an organization understand how to effectively attract, engage, and retain healthy employees. To learn more about the People Risk Modeler, contact the workplace health consulting team whc@mercermarshbenefits.com

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HERO is the Health Enhancement Research Organisation, a nonprofit organisation dedicated to identifying and sharing KPIs in the field of workplace health and well-being. The international HERO health and well-being best practices scorecard, in collaboration with Mercer Marsh Benefits, is a diagnostic tool designed to help orgnisations, assess the strength of their health and well-being offering, identify gaps and opportunities for improvement, benchmark against peers, business units, or geographical locations, learn about industry KPIs, and measure and report on their success. The scorecard helps to improve workplace health and well being strategies.

And research suggests that those who score well benefit from improved financial performance, lower healthcare costs, and lower employee turnover rates. Orgnisations of any size or industry can benefit from the scorecard, and it's quick and easy to complete. Over 3,500 orgnisations have completed the scorecard since it launched in 2006.

So what do clients get? Based on the scorecard results, we will provide a detailed output report looking at strengths and opportunities across six key performance indicators, strategic planning, orgnisational and cultural support, programs, program integration, participation strategies, and measurement and evaluation. Additional scores are also provided for mental health and wellbeing, diversity, equity and inclusion, and social determinants of health. It's an ideal opportunity for orgnisations to develop an effective unified health and wellbeing strategy.

The International HERO scorecard can add real value to any orgnisation who are looking for a baseline understanding of their current health and wellbeing offering, as well as enhancing related projects, including benefits and wellbeing, benchmarking, and other strategic planning, or change projects within an orgnisation. To learn more about the international HERO scorecard, contact the Workplace Health Consulting team at whc@mercermarshbenefits.com.

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