13 Wellness Initiatives to Promote the Importance of Mental Health in the Workplace

Updated:
March 26, 2021

Mental health is a state of well-being in which a person can cope with the normal stresses of life, be productive and contribute to the community. Good mental health is essential for functioning well as an individual and as part of a community.

Addressing the importance of mental health and physical health together is key to overall health and wellness.

The Cost of Mental Health in the Workplace

Mental health issues such as stress, anxiety, and depression are routinely listed as top concerns in employee health surveys and are the second leading cause of workplace absenteeism. Even moderate depressive or anxiety symptoms can affect work performance and productivity.

Most employees agree that their mental and personal problems spill over into their professional lives and have a direct impact on their job performance. It is in the employer's best interest to address mental health as part of a wellness program.

Most mental illnesses are highly treatable; however, untreated mental illness can increase the cost to employers because of absenteeism and work impairment. Estimated costs for untreated and mistreated mental illness total billions of dollars in lost productivity each year.

The costs for workers who receive treatment for their conditions are significantly lower than for employees who do not get treated. Effective treatment can save costs for employers and can improve the quality of life for all employees.

Ways to Address the Importance of Mental Health in the Workplace

Employers that support treatment of mental illnesses will not just generate cost savings in improved employee engagement and well-being - other positive results are higher product quality, better cost control, greater employee loyalty, and a healthier workplace.

Employers can do more to promote integrated mental and physical health care by creating supportive workplaces that encourage self-screening and connect employees to resources.

  1. Provide materials and messages about mental health, mental illnesses, suicide prevention, trauma, and health promotion through brochures, fact sheets, paycheque stuffers, and intranet
  2. Offer conditional screenings for illnesses such as depression, anxiety, and post-traumatic stress disorder
  3. Encourage the use of telephone help lines
  4. Offer a variety of mental health presentations and training for all staff with an emphasis on prevention, treatment, and recovery messages
  5. Offer stress reduction presentations on topics like conflict resolution, managing multiple priorities, project planning, personal finance planning, and parenting
  6. Provide flexible scheduling for access to classes during or after work. Classes could include yoga, meditation, physical activity, and self-help groups
  7. Create and support a mental health-friendly work environment that accommodates employees who are returning to work after receiving mental health treatment. Allow schedule flexibility to accommodate treatments and appointments.
  8. Educate managers and supervisors in recognizing mental health as a factor in performance issues. Address mental health issues specific to their needs.
  9. Create policies and practices that provide guidance to supervisors and managers on how to address performance issues. Provide mental health consultation, information, and improve their skills in supervising an employee with mental health issues
  10. Review policies and practices concerning employee privacy and confidentiality, accommodation, return to work, and privacy guidelines
  11. Evaluate the workplace environment, organization, and culture with a focus on reducing workplace stress, workload issues, and performance reviews. Address employee concerns promptly
  12. Provide employee assistance coordinators to help obtain information about resources in the community
  13. Offer an Employee Assistance Program

COVID-19 Resources to Promote the Importance of Mental Health in the Workplace

Employee Benefits to Promote Mental Health in the Workplace

Interested in improving mental health in your workplace? Review your options with one of our licensed advisors for an Employee Group Benefits quote.

Whether you’re looking for extended health and dental coverage, disability coverage, or life and critical illness coverage, Scrivens has affordable group benefits packages that work as hard as you do.

FAQs

What is financial advising?

Financial advising involves providing guidance and advice to individuals, families, or businesses to help them make informed decisions about their financial matters. This can include various aspects such as investment planning, retirement planning, tax planning, estate planning, and more. Financial advisors analyze their clients' financial situations, goals, and risk tolerance to create customized strategies that align with their objectives.

Why is financial planning important?

Financial planning is crucial for several reasons:

Goal Achievement: It helps individuals set and achieve financial goals, whether they are short-term, such as buying a home, or long-term, like funding a comfortable retirement.

Risk Management: Financial planning addresses risks by considering insurance, emergency funds, and other protective measures.

Budgeting and Saving: It promotes responsible money management through budgeting and saving, fostering financial stability.

Wealth Building: Effective financial planning can lead to wealth accumulation and the creation of a secure financial future.

Can financial advisors help with debt?

Yes, financial advisors can help with debt management. They can assess your overall financial situation, create a budget, and develop strategies to pay down debt efficiently. They may also negotiate with creditors on your behalf, provide debt consolidation recommendations, and offer guidance on prioritizing and managing debt repayment.

What exactly does a financial advisor do?

The specific responsibilities of a financial advisor can vary, but generally, they:

  1. Conduct a thorough analysis of a client's financial situation, including income, expenses, assets, and liabilities.
  2. Develop personalized financial plans based on the client's goals, risk tolerance, and time horizon.
  3. Provide investment advice and portfolio management services.
  4. Offer guidance on retirement planning, estate planning, tax planning, and insurance.
  5. Monitor and adjust financial plans as needed based on changes in the client's life or market conditions.
  6. Educate clients on financial matters and empower them to make informed decisions.
What is the average fee for a financial advisor?

The fees charged by financial advisors can vary widely based on factors such as the advisor's experience, the services provided, and the region.

Common fee structures include:

Hourly Fees: Advisors charge an hourly rate for their services.
Flat or Fixed Fees: A set fee is charged for specific services or a comprehensive financial plan.
Asset-based Fees: Fees are a percentage of the assets under management (AUM).
Commission-based Fees: Advisors earn commissions on financial products they sell.
Combination of Fees: Advisors may use a combination of the above fee structures.

It's important to discuss and clarify fee arrangements with a potential financial advisor before engaging in their services.