From improved engagement and ROI to high retention rates, here are nine answers to the question, “What are some important reasons for companies to offer mental health benefits?”
- Proven Engagement Growth and ROI
- A More Inclusive, Positive, and Healthier Workplace
- Improved Employee Well-Being and Stress Management
- Prevented Team Burnout
- Employees Feel Valued and Supported
- Reduced Costs From Absenteeism
- Increased Productivity and Job Satisfaction
- Interrupted Behavior That Leads to Exhaustion
- Higher Retention Rates
Proven Engagement Growth and ROI
Offering mental health benefits pays off because such an investment translates into increased employee engagement.
According to Humanities Institute, satisfied and happy employees are 32% more engaged in their work and 125% less likely to experience burnout. At the same time, the WHO indicates that every $1 invested in employees’ mental health generates $4 in return for the company.
So the decision to offer mental health benefits is a win-win situation both in the short and long term.
Bartek Boniecki, Head of People, US Passport Photo
A More Inclusive, Positive, and Healthier Workplace
Mental health benefits are not just a nice-to-have policy. With the increasing stress and anxiety levels, depression, and burnout, companies must consider mental health benefits in their core values.
Implementing psychological support means creating a more inclusive, positive, and healthier workplace. It will affect the overall employee’s health and even business results.
Having happier employees means less turnover and absenteeism rates and, as a result, a better workplace with effective communication, higher productivity, and a better bottom line.
Natalia Brzezinska, Marketing & Outreach Manager, US Visa Photo
Improved Employee Well-Being
Mental health is a vital part of any person’s overall well-being, and companies should make sure they are providing the necessary support to their employees.
Offering mental health benefits is an important way for companies to show their commitment to the mental health of their employees. This could include offering programs, such as stress management, counseling sessions, and employee assistance plans.
Companies should also ensure that the workplace has a supportive environment by providing resources for employees to access if they need help with their mental health.
Employers should also create an open dialogue about mental health issues and encourage employees to talk about any struggles they may be facing. Finally, companies should know any potential signs of mental illness in their employees and provide support when needed.
Michaela Ramirez, MD, Founder, O My Gulay
Prevented Team Burnout
A recent Deloitte survey report found that 77% of employees have experienced burnout, and a whopping 83% stated that burnout could negatively affect their work and personal relationships.
Burnout can lead to dissatisfaction in the entire team, costing companies tens of thousands of dollars each year. Having mental health benefits is one way to support your employees and tackle burnout heads on and create a more healthy company culture.
You can offer mental health days, rethink task prioritization, implement flexible work hours, or introduce professional mental health support that employees can turn to at the first symptom of burnout.
Gordana Sretenovic, Co-Founder, Workello
Employees Feel Valued and Supported
I think it’s important for companies to offer mental health benefits because it will help employees feel like they’re valued and supported. Many people who are going through a stressful time in their life—with mental health issues or otherwise—may have trouble focusing on work the way they would otherwise be able to.
And if they don’t feel supported by their company, they’ll often be more likely to quit their job. This can devastate both the employee and the employer.
But if companies offer mental health benefits, it shows employees they’re valued and supported, which can help them stay focused on their work and be more productive.
Tiffany Homan, COO, Texas Divorce Laws
Reduced Costs From Absenteeism
Mental health problems can lead to absenteeism, lower productivity levels, and increased health care costs. By offering mental health benefits, companies can help reduce these costs.
It goes without saying the most important reason why to offer mental health benefits is for employees to get the help that they need to be healthy!
Tawanda Johnson, HR & DEI Consultant, Sporting Smiles
Increased Productivity and Job Satisfaction
One reason it is important for companies to offer mental health benefits is that it can lead to increased job satisfaction. Mental health issues can be a major source of stress and distraction for employees, leading to decreased performance and job satisfaction.
By offering mental health benefits, companies can help employees better manage their mental health, which can lead to improved job satisfaction. Providing mental health benefits can also help create a healthier and more supportive work environment, which can also lead to increased job satisfaction.
Grace He, People & Culture Director, teambuilding.com
Interrupted Behavior That Leads to Exhaustion
Companies need to invest in mental health benefits to better combat burnout in employees. Mental health issues can compound existing burnout issues and rapidly intensify them into turnover. The best proven way to address burnout is to interrupt the behavior speeding up the exhaustion. Good mental health benefits can do exactly that.
Annu Daniel, CEO, Elohim Company
Higher Retention Rates
In today’s world, mental health is more normalized than ever. When job seekers are understanding company benefits, mental health is a question to address—how are employees’ well-being supported via time off, programs, ERGs, fitness apps, therapy, self-care, etc?
Companies that provide these programs and services increase retention and don’t risk losing employees because of no support from the organization.
Megan Dias, Career Services Coach, Parsity