In today's fast-paced world, mental health is a critical concern that can no longer be overlooked by employers. Supporting the mental wellbeing of your employees is not just a matter of compassion; it's a strategic imperative that can drive productivity, loyalty, and overall organizational success. In fact, studies show that companies with higher wellbeing show a superior return on assets, generate higher profits, and command higher valuations.The question for employers is: what are the best ways to support mental health? Is it through significant gestures like sabbaticals, or are the real benefits found in smaller, consistent changes that foster lasting improvement?The Impact of Mental Health in the WorkplaceMental health issues can affect anyone, regardless of their position or industry. Stress, anxiety, and depression are among the most common conditions that can severely impact an employee's performance and satisfaction. A survey of nearly 16,000 working adults in the US found that nearly a fifth (19%) rated their mental health as ‘fair’ or ‘poor,’ with those employees taking about four times as many unplanned absences as their colleagues who reported having ‘good’, ‘very good’, or ‘excellent’ mental health. Extrapolated across the entire workforce, these collective missed days are estimated to cost the economy nearly $48 billion annually in lost productivity.Big Changes vs. Small Consistent EffortsSabbaticals and extended leave periods are often seen as a substantial investment in an employee's mental health. These types of breaks allow individuals to step away from the pressures of work, focus on personal growth, and return later with a renewed sense of purpose. But while beneficial, such options are not feasible for every organization or practical for every employee.More practical and sustainable are the smaller, consistent changes that cumulatively make a significant difference. Here are some approaches employers can adopt:1. Flexible Working HoursAllowing employees to have flexible working hours helps them balance work with personal commitments, reducing stress and increasing job satisfaction. Flexibility can also mean the option to work from home, which can be a game-changer for those who find the daily commute and office environment stressful.2. Regular Breaks and DowntimeEncouraging regular breaks and ensuring your employees take their annual leave can also help to prevent burnout. Simple initiatives like walking meetings or designated quiet zones in the office can make a substantial difference.3. Mental Health DaysIntroducing mental health days where employees can take time off without the stigma associated with traditional sick leave can help your team manage their mental health proactively.Creating a Culture of OpennessThe best thing employers can do for their team is to foster an open culture where mental health is discussed openly and without judgment. Employers can foster this by:1. Training and AwarenessProviding mental health training for managers and staff helps in recognizing the signs of mental health issues and understanding how to address them. It also promotes a more empathetic and supportive workplace environment.2. Employee Assistance Programs (EAPs)Employee Assistance Programs offer confidential support and counseling services. YuLife, for example, provides 24/7 mental health support through our YuMatter program. Such services give employees access to professional help whenever they need it, ensuring they do not have to face their challenges alone.3. Mental Health ChampionsAppointing mental health champions within the organization can also help promote awareness and support. These individuals can act as a point of contact for those needing assistance and advocate for mental health initiatives.The Role of Group InsuranceWhile creating a supportive work environment is essential, providing group insurance is another critical component. Financial worries are often a key driver of stress and anxiety, so minimizing money worries can make a big difference when it comes to the mental wellbeing of your peopleGroup Life Insurance gives your people peace of mind by offering financial support to their families should the worst happen, while Group Disability Insurance provides employees with a replacement income if they are sick or injured and unable to work. In ConclusionSupporting the mental health of your employees is a multifaceted approach that requires both significant initiatives and consistent, smaller efforts. Sabbaticals and extended leave are valuable, but for many organizations, the real impact lies in creating a culture of openness and providing continuous support through flexible working conditions, regular breaks, and Group Insurance that transforms traditional employee benefits into life-enhancing experiences that every employee will value.YuLife is at the forefront of this endeavor, offering 24/7 support through our Employee Assistance Programme, YuMatter, and in the many different services available through our group insurance policies. By investing in these strategies, employers can not only enhance the wellbeing of their staff but also drive long-term organizational success.About YuLifeYuLife is working to reimagine the insurance industry by protecting lives, rewarding living and inspiring life. We’re on a mission to transform traditional insurance into a life-enhancing experience each employee will value and use daily. How does it work?Our award-winning app uses behavioral science and game mechanics to reward your people for living well while offering protection in case of crisis. And with our top-rated employee assistance program, your team gets access to mental, financial and social support, virtual GPs, nutritionists, life coaches and more to help them live their best lives.Because we believe that your employees should benefit from their insurance from day one — and that wellbeing should be accessible every day, for everyone.Request a demo for your team today.