Meeting the Need for Mental Health Benefits at Work
Kimberly Landry , associate research director, LIMRA Workplace Benefits Research
Read the full MarketFacts article on LIMRA.com .
September 2024
In recent years, we have seen a surge in mental, emotional and behavioral health struggles among the U.S. employee population. This trend poses a variety of challenges in the workplace, including decreased productivity, increased absenteeism and presenteeism, heightened turnover and declining employee well-being. As a result, many employers are looking to enhance their benefits packages with offerings to better support employee mental health, while carriers are introducing new solutions to meet this demand.
Quantifying the Need
Recent LIMRA research shows that 75 percent of workers have experienced a mental or behavioral health challenge at least “sometimes” during the past year, while 37 percent have struggled with these issues “often.” Workers are most likely to report challenges related to anxiety, stress and depression (Figure 1). However, significant portions of the workforce also grapple with relationship, marital or family conflicts, grief or loss, alcohol or substance abuse, and other challenges. Alarmingly, more than 1 in 10 workers say they had thoughts of suicide sometimes or often during the past year, while only three-quarters “never” thought about suicide.
Figure 1. Frequency of Mental Health Challenges in the Past Year
The mental health crisis is hitting some demographic groups harder than others. In particular, younger workers seem to be struggling more than their older colleagues: 62 percent of ...
Ready to learn more? Click here to read the rest of the article.
Haven't subscribed to MarketFacts yet? Click here to subscribe now.
Click here to attend the upcoming Industry Insights With Bryan Hodgens LinkedIn Live on September 24.
Corporate Wellbeing Specialist | Helping Organisations Boost Employee Health & Productivity | Speaker & Consultant
2 个月Have you noticed how younger workers are disproportionately impacted by mental health challenges in the workplace? It's a wake-up call for companies to rethink their wellbeing strategies. How can organizations better tailor their mental health benefits to meet the unique needs of this group?