Mental wellness costs are rising
Between 2018 and 2022:
Why every financial strategy should include employee mental wellness benefits
A company’s success depends on its people. But if your people are struggling, your organization can pay the price – in the form of absenteeism, employee turnover, and lost productivity. Without proper support for employees’ mental health, the financial forecast can look grim. Guardian has partnered with Spring Health to help struggling employees and their families by providing personalized, proactive mental wellness benefits. This solution delivers real results that your people AND your budget will appreciate.
40%
Over 40% increase in the number of mental health related short-term disability claims.1
60%
Mental health claims costs increased almost 60%.1
30%
30% increase in the number of workdays lost due to mental health claims.1
Supporting the minds that make your business grow is a solid strategy for building and maintaining company strength. By controlling the costs of unaddressed mental health issues, you help your people come to work thinking, feeling, and performing their best. And that means your business can consistently provide the services your customers have come to count on.
Mental wellness benefits can deliver an ROI of up to 300%.² What’s more, for every $1 invested in anxiety and depression treatment, there is a return of $4 from improved health and the ability to work.³
Removing barriers to mental health care for employees delivers real business value
Learn how two very different companies saw real results when they decided to offer Guardian + Spring Health to employees. One saw an 80% drop in staff absenteeism, while another saw higher than average participation rates thanks to no out-of-pocket costs.
