Comprehensive report provides data, insights to assist employers
Despite significant progress by organisations in comprehending and addressing employee mental health, new research indicates that Asia's working population is under strain. Factors contributing to this strain include work-related exhaustion, burnout, and financial insecurity.
Additionally, challenges like the cost of living, rising healthcare expenses, the impacts of climate change, geopolitical instability, and the rapidly evolving nature of the workplace since the COVID-19 pandemic have further compounded the situation.
A comprehensive report published by HRD in partnership with Aon and Telus Health provides the latest data and crucial insights to assist employers in minimising mental health risks and optimally supporting their workforce.
To download the full, free report, click here
It is increasingly evident that existing interventions fall short of effectively mitigating the evolving mental health risks. Failing to respond to these concerning trends will inevitably impose a substantial financial burden on organisations – the total cost is predicted to be US$6 trillion by 2030.
The economic burden is particularly evident in Singapore, where the total economic cost of lost productivity due to anxiety and depression is estimated at S$15.7 billion (US$11.72 billion) annually.
In response to these challenges, organisations are recognising the need to invest in employee wellbeing. Since 2020, wellbeing investment has risen by 27% on average among Asia Pacific employers, aligning with a global trend where wellbeing has become a top priority for 63% of organisations.
Prioritising good mental health is not just essential for individual well-being; it is fundamental for resilient workforces, high levels of engagement, and successful productivity outcomes.
Download the free and comprehensive study now to gain essential insights on:
To download the full, free report, click here
