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.

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Mental wellness costs are rising.

Between 2018 and 2022:

  • Over 40% increase in the number of mental health related short-term disability claims.1
  • Mental health claims costs increased almost 60%.1
  • 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.

Spring Health’s modern approach to workforce mental wellness works in any workplace

  • 25% fewer days missed
  • 24% increase in productivity
  • 43% less likely to leave company/job

Want to learn more about Guardian’s mental wellness benefits?

Disclaimer

1

Based on a Guardian internal short term disability analysis of mental/nervous claims between 2018 and 2022. This data only includes Guardian’s short-term disability claims, and does not include claims data from other coverage sources like Spring Health or EAP.

2

“New Mental Health Cost Calculator Shows Why Investing in Mental Health is Good for Business,” The National Safety Council, May 13, 2021 https://www.nsc.org/newsroom/new-mental-health-cost-calculator-demonstrates-why

3

“Mental health at work,” World Health Organization, https://www.who.int/teams/mental-health-and-substance-use/promotion-prevention/mental-health-in-the-workplace

4

Log-days in treatment were associated with fewer missed days (incidence rate ratio = 0.94; 95% CI, 0.93-0.95), corresponding to total posttreatment outcomes of missing 0.32 fewer days per week. Missing 0.32 fewer days per week translates to 25% fewer missed work days. Bondar J, Babich Morrow C, Gueorguieva R, et al. Clinical and Financial Outcomes Associated With a Workplace Mental Health Program Before and During the COVID-19 Pandemic. JAMA Netw Open. 2022;5(6):e2216349. doi:10.1001/jamanetworkopen.2022.16349; 7/13.

5

Log-days in treatment were associated with fewer unproductive days (incidence rate ratio = 0.94; 95% CI, 0.92-0.95), corresponding to total posttreatment outcomes of being unproductive for 0.64 fewer days per week. An extra 0.64 days/wk translates to 24% increase in productivity. Bondar J, Babich Morrow C, Gueorguieva R, et al. Clinical and Financial Outcomes Associated With a Workplace Mental Health Program Before and During the COVID-19 Pandemic. JAMA Netw Open. 2022;5(6):e2216349. doi:10.1001/jamanetworkopen.2022.16349; 7/13.

6

In the non-Spring group, the risk of turnover was 7%. In the Spring group, the risk of turnover was 4%. This translates to a risk difference of 7% - 4% = 3%, or a risk ratio of (7% - 4%) / 7% = 43%. Bondar J, Babich Morrow C, Gueorguieva R, et al. Clinical and Financial Outcomes Associated With a Workplace Mental Health Program Before and During the COVID-19 Pandemic, Supplemental Online Content, eResults 3, Results of Employee Retention Analysis; 3. JAMA Netw Open. 2022;5(6):e2216349. doi:10.1001/jamanetworkopen.2022.16349.

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