Driving workplace well-being through employee benefits
It’s early morning, and Sneha, a 35-year-old marketing professional, stares blankly at her screen. A string of unread emails, back-to-back meetings, and looming deadlines await her, yet her mind drifts elsewhere. Sneha’s heart is heavy with anxiety, the kind that makes her question how she’ll manage to keep up with it all. She sits in her home office, trying to shake off the creeping feeling of being overwhelmed. The demands of the workplace, combined with personal challenges, have become too much. She wonders if she’s the only one who feels this way.
She’s not.
In fact, Sneha’s story mirrors the experiences of countless professionals across industries. Many employees today silently battle mental health challenges—anxiety, depression, burnout—often without adequate support. According to Deloitte’s 2023 report, 80% of professionals in India have experienced mental health issues in the past year. Yet, only a fraction of them feel empowered to seek help. This disconnect between employees’ mental health needs and workplace support systems is now forcing businesses to rethink their approach to employee benefits.
Organisations are beginning to understand that mental health is not a separate issue from work—it is integral to it. Employee benefits, particularly those addressing mental health, have become a crucial aspect of fostering a healthier, more productive workplace. However, the question remains: are businesses doing enough?
Why mental health support is essential in today’s workplace
The boundary between work and personal life is increasingly blurred. While remote work initially promised better work-life balance, it has often intensified isolation and stress. According to the World Health Organisation (WHO), the pandemic led to a 25% global rise in anxiety and depression, with no signs of slowing down. Indian professionals are feeling this pressure acutely—LinkedIn’s Workforce Confidence Index found that over half of Indian employees experience significant stress at work. This growing mental health burden is not just impacting job satisfaction, but also physical health, personal relationships, and career longevity. Supporting mental health has thus shifted from being an ethical obligation to a business necessity.
Expanding employee benefits to address mental health
Traditional employee benefits, like healthcare and vacation days, are no longer enough. Today’s workforce needs mental health support integrated into their benefits packages. A significant shift is the inclusion of mental health services in corporate health insurance plans. In India, where therapy and psychiatric care can be expensive, mental health coverage can break down financial barriers, helping employees access the care they need. A study by the Indian Psychiatric Society found that 40% of Indians struggle with mental health issues, yet many refrain from seeking help due to cost.
Employee Assistance Programmes (EAPs) are another growing trend, providing confidential, free access to mental health professionals. These programmes allow employees to address both personal and workplace challenges, fostering a culture where mental health is prioritised.
Additionally, flexible working options are becoming essential. Whether it’s the introduction of “mental health days” or remote work flexibility, these measures give employees the freedom to manage their workload and mental well-being. This is not just about offering perks—it’s about fostering a healthier, more engaged workforce.
Building a culture of mental health care
While employee benefits play a critical role, they must be part of a broader cultural shift. In many workplaces, mental health is still a taboo topic. Employees often hesitate to speak up about their struggles for fear of judgement or repercussions. Companies need to foster an environment where mental health is not stigmatised, but supported.
Managers can make a significant difference by being trained to recognise signs of mental distress and creating safe spaces for open conversations. Regular check-ins, peer support programmes, and actively promoting the use of mental health resources are key to building a workplace culture that prioritises well-being. When employees feel safe and supported, they are more likely to stay with the company, increasing loyalty and reducing turnover.
The business case for mental health investment
Investing in employee mental health is not only a moral obligation but a strategic advantage. According to research by the World Economic Forum (WEF), for every dollar invested in mental health programmes, companies can see a fourfold return through reduced absenteeism, higher productivity, and lower turnover.
In a competitive job market, offering comprehensive mental health benefits can set companies apart. Particularly among younger workers, there is a growing expectation that employers will prioritise mental well-being. Recent research highlights that nearly half of employees would accept a pay cut for better mental health benefits, emphasising that these offerings are no longer a “nice-to-have” but a critical component of an attractive benefits package.
Moving forward: beyond benefits to action
The future of employee well-being goes beyond traditional benefits—it’s about creating workplaces where mental health is a priority. Companies must ask themselves whether their current benefits reflect the real needs of today’s workforce. Are they offering meaningful support for mental health, or relying on outdated models? Organisations that take mental health seriously will foster not only a healthier workforce but one that is more loyal, innovative, and productive.
As India’s workforce continues to grapple with mental health challenges, the role of employee benefits will only grow in importance. Companies that lead the way in mental health support will gain the trust of their employees and thrive in a rapidly evolving workplace environment.