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