Great health insurance doesn’t mean great or even good mental health care. Only half of mental health providers in the U.S. take insurance, so the ones who do are often booked for weeks or aren’t taking new patients.
When an employee struggles with their mental health, they also struggle with productivity, attendance, engagement and job satisfaction.
Research shows an average 4:1 return on every dollar companies invest in employee mental health. Beyond improving attendance, productivity and engagement, employer investments in employee mental health have a big impact on hiring and retention.
By 2020, Millennials and Gen Z will together comprise 70% of the U.S. workforce. These groups experience depression and anxiety at higher rates than prior generations. They’re also much more open to seeking help—and expect their employers to facilitate that process.