Should You Add Mental Health Benefits To Your Employee Healthcare Package?

1
Should You Add Mental Health Benefits To Your
Employee Healthcare Package?
2

• The U.S. is suffering from a stress epidemic
  quite unlike any other, with recent studies
  showing that more than ¾s of the population
  suffer on a regular basis from stress related to
  work.
• Resulting in both mental and physical illness -
  or at the very least, exacerbating existing
  mental and physical health conditions
  work-related stress can not only cause immense
  suffering for the individual, but for employers
  and entire companies, also. Stressed out
  employees typically arent as productive in their
  roles, and often struggle to work well as part of
  a team. For employers, this is of course bad
  news, and with mental health and stress related
  conditions taking up to as much as 8 of spending
  nationally on healthcare, its a financial
  headache, as well.

3

• With this in mind, many employers now invest in
  the mental health and wellbeing of their
  workforces, both to reduce their costs overall,
  and help boost employee morale. Many more
  employees are asking for better benefits related
  to mental health, too, including stress, anxiety,
  burnout and a range of other issues.

4

• But what are mental health benefits exactly?
• Health insurance plans that are more
  comprehensive in nature and include therapy or
  counseling, are great for helping employees
  overcome work-related stress and other concerns.
  While EAPs, or an Employee Assistance Program, is
  a service that provides employees with general
  help and guidance for a range of problems,
  whether it be related to their finances, mental
  wellbeing or conflicts outside of the workplace.

5

• Should you offer your employees mental health
  benefits?
• Offering mental health benefits to your employees
  can give them the additional support they need to
  fulfil their role more successfully, and in turn,
  help your business become more profitable.
• If youre still undecided as to whether to add
  this to your existing employee healthcare
  package, check out the following advantages of
  doing so below

6

• It can help improve the overall health of
  employees
• A healthy workforce, both mentally and
  physically, is generally a happy workforce, and
  what are happy employees, typically? A lot more
  productive! Not only that, but by investing in
  the mental wellbeing of your employees, you can
  help them be less susceptible to such physical
  conditions as heart disease and cancer, for
  example, and reduce the potential cost of
  long-term healthcare.

7

• It can put a stop to burnout
• Seriously detrimental to a workforce, burnout is
  experienced by more than 70 of employees
  throughout the U.S., and often leads to high
  rates of employee turnover coupled with
  absenteeism costing employers thousands of
  dollars a year. Mental health benefits can help
  employees deal with burnout, and help you retain
  your workforce and reduce absenteeism, among
  other advantages.

8

• It can boost productivity
• Stress and mental illness can quickly make
  employees less productive, which can go on to
  cost businesses big. By helping employees learn
  to cope with stress and other work-related
  issues, they in turn will likely become more
  valuable workers, who communicate better, and
  ultimately, work harder for your company.
• While offering mental health benefits to your
  employees has a plethora of advantages, its
  important to understand that without a healthy
  company culture, such healthcare packages are
  worthless. Ensure that your company culture is
  structured around the wellbeing of your
  employees, and youll find that any mental health
  concerns become easier to address.

9

• Apollo Payroll is dedicated to delivering expert
  advice, responsive service, and highly accurate
  payroll processing and reporting to ensure the
  success and growth of the business that we serve.
  Our services include comprehensive payroll
  services in Homestead and other cities in
  Miami-Dade County, employee background check and
  group health insurance in Miami Coral Gables