MONEY & LIFE

Measuring Mental Health at Work

By: James Flippin · May 05, 2023 · Reading Time: 3 minutes

Mental Matters

Columbia University teamed up with mental health nonprofit One Mind at Work to develop a standardized assessment to measure and enhance workplace mental health support. The index was beta tested with the help of major corporations like Aon (AON) and Bank of America (BAC).

15% of employed Americans report mental health concerns — and most expect a workplace willing and able to address and support them. The index offers companies a quantitative and data-driven way to gauge the efficacy of their current mental health initiatives and identify areas for improvement, helping employees feel more supported and engaged.

Mind the Gap

In recent years, companies have made significant efforts to implement mental health resources for their employees. But these initiatives have faced challenges in terms of adoption and impact.

79% of employers believe company mental health resources have improved employee well-being. However, only 35% of workers share that sentiment.

A standardized assessment could better help companies evaluate the success of mental health initiatives and make necessary adjustments. By addressing the gap between employer perception and employee experience, businesses may be able to create a more supportive and inclusive work environment for everyone involved.

Brain Gain

Research suggests employers who prioritize mental health strategies stand to benefit from a more engaged and productive workforce. By enabling open communication in the workplace and access to the appropriate resources, companies can better support employees’ well-being and efficiency.

Indexing tools like the one Columbia and One Mind have created offer the potential to transform the way companies approach mental health in the workplace. With workforce engagement trending low and worker burnout at a staggering high, such a change couldn’t come at a better time — for employers and employees alike.

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