Why Addressing Mental Health Is the Right Thing to Do
By Jake Santer, Senior Project Manager, Compliance, Sedgwick
It’s become evident in the last few years that employer-provided behavioral health support is more important than ever. A recent survey1 reports that 93% of employee benefits leaders believe mental health support will remain a high priority for the next three years.1
Employers that invest in mental health programs see results in the bottom line. In 2022, the World Health Organization estimates that anxiety and depression cost the global economy $1 trillion in employee produtivity.2 For context, an employer would have to earn $1 million per day for more than 2,700 years to recoup that kind of loss.
Although poor mental health affects many individuals, some groups are disproportionately affected. One example is the “sandwich generation,” which includes individuals who care for parents ages 65 or older while raising a child younger than 18 or providing financial support to a child older than 18.3
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