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Courtside With Chuck Lawson Episode 4 CHUCK LAWSON
Employee Well-Being at 12-Year Low: Mental Health Emerges as Top Concern
Dec 28, 2023 5:31 AM – 1451 words
Chhavi Agarwal | Wealth of Geeks
Americans’ overall well-being is at a 12-year low, and mental health is one of the top concerns. The post-pandemic optimism was abruptly cut short by a combination of rising costs, the global impact of the Ukraine conflict, and increased gun violence. This confluence of factors has fueled fears of a recession and dampened consumer spending.
A Guardian report reveals a 7% increase in the price of goods since last year, making essential purchases like food, gas, and school lunches a heavier financial burden on Americans.
Additionally, employee well-being has plummeted to its lowest level in 12 years, highlighting the negative impact of the post-pandemic environment on mental and emotional well-being.
“Financial pressure doesn’t exist in a silo and isn’t something that individuals forget about at the end of the workday. When Americans are up at night worrying about finances, it is easy to see how these concerns directly contribute to declining mental and physical wellness,” says Andrew McMahon, CEO and President of Guardian.
Why Stress Levels Are Soaring in America
Americans face many stressors, leading to a significant decline in overall well-being. Here are some key factors contributing to this rise in stress:
This widespread financial stress is impacting wallets and affecting physical and mental well-being. The report highlights a vicious cycle where economic anxieties lead to poor health, which in turn increases costs and can even lead to premature death.
Poor Health Habits Take Toll on Americans, Fueling Mental Health Concerns
Americans’ physical health has significantly declined since the COVID-19 pandemic, impacting both their physical and mental well-being.
Gym closures, increased alcohol consumption, and a reliance on takeout and delivery meals are cited as key contributors to this decline. This deterioration in physical health is further compounded by its close relationship with mental well-being.
The study found a striking correlation: 50% of workers reporting poor emotional health also assessed their physical health as low, compared to only 5% of those with high emotional health. This highlights the interconnectedness of physical and mental well-being.
Furthermore, the study sheds light on the alarming connection between oral health and mental health. Nearly 29% of workers rated their oral health poorly, with significant consequences for their mental well-being.
Of those, 45% say they do not smile often, 41% have a lack of confidence, 38% have low self-esteem, and 21% experience depression. This not only impacts mental health and overall quality of life but could also impact work performance and careers, as 12% of workers also say they avoid speaking up in meetings because they’re self-conscious.
Employers Not Doing Enough To Address Declining Well-Being of Workers
Employers are not adequately addressing their employees’ declining well-being, particularly mental and physical health.
Employees Craving Mental Health Support:
Employers Acknowledge the Importance of Mental Health:
Physical Wellness Programs Underutilized:
Shifting Costs Burden Employees:
Employers Can Help Reverse Declining Well-Being of Workers
Proactive employers can implement various strategies to reverse this trend and cultivate a healthier, happier workforce.
Work-Life Balance: A Key Ingredient
One crucial focus for employers is improving work-life balance. Studies reveal a strong correlation between flexible work schedules and improved mental health. Nearly half of employees with high emotional well-being enjoy flexible work arrangements, compared to only 36% of those with fair or poor emotional health.
This suggests that flexible work options, such as selecting start times or working remotely, can significantly contribute to employee well-being. Notably, almost half of all employees surveyed desired flexible work arrangements.
Clear Communication: Unveiling Hidden Benefits
Many employees are unaware of the full range of benefits offered by their employers, leading to underutilization of valuable resources. To address this, employers should actively communicate benefits to employees through various channels like emails, newsletters, intranet, and social media platforms.
Clearly explaining available benefits, including mental health resources, physical wellness programs, and financial assistance options, can encourage greater participation and improve employee well-being.
Supporting Mental Health: A Shared Responsibility
Mental health is a cornerstone of overall well-being, and employers must support their employees in this crucial area. Openly discussing mental health in the workplace can help reduce stigma and encourage individuals to seek help.
Additionally, offering mental health coverage in health insurance plans and providing access to confidential counseling services through an Employee Assistance Program can provide critical support to employees facing mental health challenges.
Physical Wellness: A Holistic Approach
Employers can prioritize physical well-being by offering comprehensive wellness programs. These programs should address health risk assessments, nutrition planning, stress management, and fitness options.
Promoting healthy habits through campaigns, incentives, and healthy food choices encourages employee participation. Creating a supportive environment with ergonomic workstations and stress-reducing activities further boosts physical well-being.
Addressing Affordability Concerns: A Shared Burden
Employers can tackle affordability concerns by negotiating lower mental and physical health coverage costs with insurance providers. Offering flexible benefits lets employees customize plans based on their needs and budgets.
Moreover, financial wellness programs with educational resources, counseling, and debt management tools help employees manage finances, reducing stress and improving overall well-being.
By implementing these strategies, employers can create a work environment that prioritizes the well-being of their employees. This will lead to a happier and healthier workforce, increased productivity, reduced absenteeism, and improved retention rates. It’s a win-win situation for both employees and employers.
The article was published on Mrs Daaku Studio and syndicated by Wealth of Geeks.
Written by: thevisionary
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