Turning health risk into value: Are you supporting mental health and wellbeing? 

The pandemic has highlighted the need for better access to mental healthcare, as more people suffer from stress, loneliness and depression. At the same time, complex mental health issues like addiction and post-traumatic stress disorder are on the rise.

Employers that had previously taken a passive approach to supporting employee health and wellbeing are now trying to proactively create workplace benefit programmes that support mental health.

While an Employee Assistance Programme (EAP) has traditionally been the cornerstone of an employer’s mental health strategy, new solutions are allowing organisations to focus on prevention, resilience and internal policies.

For instance, digital platforms for scientifically validated therapies such as cognitive behavioral therapy (CBT) can make it easier to offer solutions to all employees, improving access to care options outside of traditional face-to-face counselling.

When building a comprehensive strategy to support mental health concerns, there are three key items to keep in mind:

Since the start of the global pandemic, employee health has moved rapidly up the corporate agenda. Firms are beginning to understand that caring for employees is both productive and cost-effective.

This shift has highlighted the need for benefits professionals to work with colleagues in occupational health and safety, risk management, talent acquisition and human resource (HR) delivery to create a comprehensive approach to wellbeing.

To be effective, wellbeing should be a complete strategy that encompasses benefits, workforce engagement, and company culture, rather than a checklist of individual initiatives.

Strong wellbeing strategies include four pillars - physical, emotional, social and financial - that influence an individuals’ sense of purpose, increase happiness and promotes health.

Strong wellbeing strategies benefit employers, employees, and greater society.