You want benefits that boost employee wellness, retention, and business outcomes, but how can you be sure? Choosing the wrong package can leave your workplace mired in stress and disengaged employees, costing your company hundreds of thousands each year while those benefits go untouched.
As an HR or benefits leader, choosing the most competitive benefits for your organization can be challenging. Combing through all the options can be time-consuming, and you often have no way of knowing which mental health solution will actually help your team—not just claim to.
Modern Health, a personalized preventative mental health care platform, has put together a buyer’s guide in which you can learn how to confidently navigate the decision-making process, measure the return on your investment, and maximize mental health outcomes while tracking engagement and outcomes.
Selecting benefits that enhance employee wellness, retention, and business outcomes is crucial. The wrong choice can lead to workplace stress and disengagement, costing your company significant amounts annually with little utilization of the benefits.
For HR or benefits leaders, finding the most competitive benefits is a challenging task. It’s time-consuming to sift through numerous options, and distinguishing which mental health solution genuinely aids your team is often uncertain.
Modern Health, a personalized preventative mental health care platform, offers a buyer’s guide to help you confidently navigate decision-making, measure the return on investment, and optimize mental health outcomes while monitoring engagement and results.
Prioritizing workplace mental health is imperative. Mental illness incurs an estimated $100 billion in indirect costs annually for US employers, underscoring the need for proactive, robust mental health benefits. Turnover rates related to stress, burnout, or untreated mental illnesses can lead to lost productivity and increased hiring costs. An employee’s mental state significantly impacts their professional performance, with mental distress compounding turnover.
Investing in mental health benefits offers a substantial return. Every $1 invested can yield up to a $4 return in health and productivity, aiding in attracting and retaining top-tier talent amid the Talent Wars of 2022.
While Employee Assistance Programs (EAPs) supplement traditional health care plans, they face challenges such as underutilization, limited provider networks, slow access to providers, and restricted care modalities. Considering these limitations, it’s crucial to explore comprehensive mental health solutions.
When selecting a provider, prioritize proven clinical outcomes, provider access, and suitability for a global and diverse workforce. Ask potential providers key questions about user engagement, tools for tracking engagement, clinical and preventative outcomes, care for various needs, provider qualifications, and appointment scheduling.
Modern Health’s Benefits Assessment and Buyer’s Guide offer a detailed walkthrough of the decision-making process, ensuring you know what to ask, what to look for, and what to prioritize in your search for the right mental health application. Robust mental health benefits, addressing various modalities of care, contribute to a workplace where employees are engaged, fulfilled, and able to handle challenges from a calmer mental space.