The rise in reported employee mental health symptoms, particularly post-pandemic, underscores a growing crisis.
Summary
To boost employees’ mental and financial wellbeing, leading organizations are gauging individual employee needs, providing services that integrate mental and financial health, fostering knowledge exchange and resource-sharing, and adopting a “whole person” model of support. This report, a TIAA Institute collaboration with the High Lantern Group, describes what these employers are doing—and why all employers should take note.
Key Insights
- While many organizations have integrated mental health assistance into their benefit programs, a significant gap remains between employees’ needs and available support.
- Financial stresses, such as debt, greatly contribute to mental health challenges, with negative impacts on workplace productivity and employee engagement.
- Poor mental health can impair the cognitive capacity crucial for evaluating financial options and risks, leading to poor financial decisions.
