The Hartford's New Study Finds Employers Believe Worsening Employee Mental Health Is Hurting Their Financial Performance [TheStreet.com]
Hartford Financial Services Group, Inc. (The) (HIG)
Last hartford financial services group, inc. (the) earnings: 4/29 04:15 pm
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Source: TheStreet.com
New research from, a leading provider of workers' compensation and disability insurance, finds 71% of employers feel the deteriorating mental health of their workforce is having a negative financial impact on their company. In addition, 34% of U.S. workers reported feeling depressed or anxious at least once per week in 2022 - up from 20% in 2020. As employers' productivity-related concerns grew, the number of Employee Assistance Programs (EAP), wellness benefits, and addiction treatment programs being offered by employers dropped between 2020 to 2022, according to The Hartford's 2022 Future of Benefits Study, which polled U.S. workers and human resource benefit decision-makers. For example: 54% of employers offered an EAP in March 2020, compared to 30% in February 2022. "Our data shows an undeniable, direct correlation between employee mental well-being, mental health support, and the impact to a company's bottom line," said The Hartford's . "Employers who want a contemporary, incl
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