Entrepreneurship: How Companies Can Support Their Employees' Mental Health
In the rapidly evolving business world, mental health has emerged as a critical concern for employees and employers alike. The workplace is not just a space for professional growth but also a significant influence on an individual's overall well-being. Companies that prioritize mental health create environments where employees thrive, resulting in increased productivity, innovation, and loyalty. Here’s how organizations can actively support their employees' mental health.
1. Acknowledging the Importance of Mental Health
The first step for companies is to recognize that mental health is as essential as physical health. This involves:
Breaking the stigma: Encourage open conversations about mental health and normalize seeking help.
Leadership commitment: Leaders should champion mental health initiatives, setting the tone for the rest of the organization.
2. Establishing Comprehensive Policies
Organizations must adopt policies that support mental health, such as:
Flexible work arrangements: Allowing remote work, flexible hours, or compressed workweeks can help employees manage stress and maintain work-life balance.
Generous leave policies: Offering mental health days and extended sick leave ensures employees can recover without financial or professional repercussions.
3. Providing Access to Professional Support
Professional mental health resources should be accessible to all employees. Companies can:
Offer Employee Assistance Programs (EAPs): These programs provide confidential counseling and support services.
Partner with mental health providers: Subsidize therapy sessions or provide insurance plans that cover mental health treatments.
On-site counselors: Larger companies might benefit from having trained counselors available in the office.
4. Promoting a Positive Workplace Culture
A supportive culture can significantly impact mental well-being. Companies can:
Encourage inclusivity: Create a welcoming environment where diversity is celebrated.
Prioritize work-life balance: Discourage after-hours emails and excessive workloads.
Recognize achievements: Regularly acknowledge employees' contributions to foster a sense of purpose and belonging.
5. Training and Awareness Programs
Education is a powerful tool for mental health advocacy. Employers should:
Train managers: Equip them with the skills to identify and address mental health concerns sensitively.
Raise awareness: Host workshops, webinars, and campaigns to educate employees about mental health and available resources.
6. Monitoring and Feedback
Mental health strategies should evolve with employee needs. Companies must:
Conduct surveys: Regularly assess employee satisfaction and mental well-being.
Adapt based on feedback: Use survey results to refine policies and initiatives.
7. Encouraging Peer Support
Employees often feel more comfortable speaking with peers. Companies can:
Establish peer networks: Create groups where employees can share experiences and support each other.
Facilitate mentorship: Pair employees with mentors who can provide guidance and encouragement.
8. Embracing Technology
Digital tools can make mental health resources more accessible. Consider:
Mental health apps: Offer subscriptions to apps focused on mindfulness, stress management, and therapy.
Virtual therapy: Provide access to telehealth services for convenience and privacy.
The Business Case for Mental Health
Supporting mental health is not just an ethical responsibility but a business imperative. Companies investing in mental health see reduced absenteeism, higher retention rates, and enhanced employee engagement. According to a WHO study, for every dollar invested in mental health initiatives, there is a fourfold return in improved productivity and reduced healthcare costs.
Conclusion
In today’s competitive landscape, companies that prioritize employee mental health gain a critical edge. By fostering an environment where mental well-being is valued, organizations not only enhance their employees' quality of life but also ensure their business's long-term success. As entrepreneurs and leaders, it’s time to make mental health a cornerstone of corporate culture—because when employees flourish, businesses thrive.
Entrepreneurship: How Companies Can Support Their Employees' Mental Health
In recent years, workplaces worldwide have made strides in reducing physical work-related accidents and illnesses. However, a concerning trend has emerged: mental health conditions are on the rise. Stress, time pressure, increased workloads, and workplace conflicts are among the key factors driving this alarming shift.
Recognizing this critical issue, the Aura Health Institute conducted a comprehensive global survey in 2023. Over 30,000 employees across 30 countries—including Switzerland, Germany, Argentina, India, Poland, Japan, Sweden, and the United States—participated in this study. The survey delved into various workplace factors such as toxic behaviors, workload management, time pressure, access to health-related resources, leadership effectiveness, and psychological safety. It also examined elements like employee autonomy, the meaningfulness of work, and support from supervisors and colleagues.
The findings were eye-opening. Health-related issues stemming from workplace stress cost medium-sized S&P companies between USD 228 million and USD 355 million annually in lost productivity. In the United Kingdom alone, prioritizing employee mental health could lead to savings of GBP 130 billion to GBP 370 billion per year, equating to approximately 6–17% of the nation’s GDP.
The Role of Companies in Supporting Mental Health
These staggering statistics underscore the importance of mental health initiatives within organizations. To combat this growing challenge, companies must:
Foster Psychological Safety
Create an environment where employees feel secure sharing concerns without fear of judgment or repercussions.
Promote Work-Life Balance
Encourage flexible working hours and manageable workloads to reduce stress and burnout.
Invest in Mental Health Resources
Provide access to counseling, workshops, and employee assistance programs to support well-being.
Cultivate Supportive Leadership
Train managers to recognize signs of mental health challenges and offer empathetic, constructive support.
Encourage Open Conversations
Normalize discussions about mental health to reduce stigma and promote early intervention.
Supporting employee mental health is no longer just a moral obligation; it’s a business imperative. Healthier employees mean a more productive, engaged, and innovative workforce—benefiting both individuals and the organization as a whole.
At Aura, we believe that fostering a culture of care is the foundation of sustainable success. Let’s work together to create healthier workplaces for a brighter future.
A Global Issue: Mental Health in the Workplace
While Asia experiences robust economic growth, the region faces a hidden challenge: workplace burnout. According to an earlier Aura report, the long working hours, high performance expectations, and cultural norms prevalent in many Asian economies contribute to above-average rates of employee burnout. This trend is not isolated; even Switzerland, known for its balanced work culture, is witnessing a rise in mental health conditions among employees.
Alex Hartford, responsible for occupational health and safety within the Canton of Zurich's Department for Economic Affairs, acknowledges the growing challenge. “Stress is becoming more and more of a burden in the workplace,” she notes.
This burden affects not just employees but also employers. Organizations cannot thrive if their workforce struggles with mental health conditions. Furthermore, in today’s competitive “war for talent,” companies must build reputations as employers who genuinely care for their employees’ well-being to attract and retain top talent.
Healthy Teams Drive Productivity
“A workplace that promotes the health and well-being of employees generally attracts the best talent, retains its existing employees, and fosters collaboration,” says Angela Patrick, HR Business Partner at Holcim Switzerland. The global building materials company prioritizes mental and physical health, recognizing their direct impact on teamwork, problem-solving, and constructive interactions among colleagues. “Mental health is also closely tied to creativity and innovation,” Patrick emphasizes.
Unlike physical injuries, mental health issues often develop gradually and remain hidden. In the workplace, employees may hesitate to voice their struggles, making it harder to identify and address them. Alex Hartford explains, “While physical injuries are usually immediately recognizable, psychosocial risks often arise from poor work design, ineffective organization, or an unhealthy social environment at work.”
Compounding the problem, many companies lack the resources and expertise to systematically implement occupational health initiatives.
Prioritizing Workplace Well-Being
Organizations must act now to address these challenges by creating environments that prioritize both physical and mental well-being. Employers should invest in mental health education, foster open communication, and implement robust workplace wellness programs. Healthy teams are more productive, creative, and resilient—qualities that are essential for long-term success in any industry.
At Aura, we believe that supporting mental health is not just a responsibility but a strategic advantage. By prioritizing employee well-being, businesses can ensure a thriving workforce that drives innovation and growth.
Companies Need to Step Up: Supporting Mental Health in the Workplace
As the global workforce continues to face increasing mental health challenges, companies must take decisive action to support their employees' well-being. According to the consulting firm Mercer, businesses should actively invest in the mental health of their employees by addressing key areas such as financial literacy and offering financial benefits for essential needs like housing, childcare, and healthcare. These initiatives are crucial for reducing stress and promoting a healthier work-life balance. In addition, Mercer recommends that companies prioritize women's health, offer needs-based flexible benefits, and improve access to medical care in general.
In line with these recommendations, the Canton of Zurich's Occupational Health and Safety Unit has launched a pilot project to support companies in enhancing mental health at the workplace. This initiative provides free advice and connects businesses with specialized organizations and partners, helping them implement effective mental health strategies.
Setting an Example: Leading Companies Make a Difference
Large organizations like Swiss and Holcim are setting the standard for smaller companies to follow. Nadine Kälin of Holcim emphasizes, “Nobody chooses to get sick, it could happen to any of us.” She stresses the importance of employers checking in with their employees early on, ideally before a situation leads to extended absences. "It's crucial for companies to consider whether adjustments are needed in the workplace," she adds, underscoring the importance of information and transparency. “Team members should be informed about the situation in consultation with the person concerned.”
Holcim has embraced a proactive approach to employee mental health. Angela Patrick, HR Business Partner at Holcim, explains, “We provide our management and supervisors with comprehensive mental health training so they can better support their teams.” Holcim also offers 24/7 access to support through a confidential hotline, ensuring that employees always have the resources they need.
Supporting Mental Health at Aura
At Aura, we understand that a thriving workplace starts with prioritizing mental health and well-being. As part of our commitment to creating a supportive environment, we have developed a comprehensive support system designed to empower, support, and understand the needs of our employees:
Empowering Leadership: Our team leaders receive specialized training in mental health awareness, equipping them with the tools to better understand and support their teams' needs.
Practical Resources for Employees: We offer a variety of tools, from meditation courses to online modules, as well as curated insights via GetAbstract, designed to promote mindfulness, resilience, and overall well-being.
Confidential External Counseling: Aura provides access to private, professional counseling services, ensuring employees have immediate and secure support whenever it's needed.
Proactive Culture: Through workshops, training sessions, and easily accessible well-being resources, we foster a culture where mental health is a shared priority, and every employee feels valued and supported.
At Aura, supporting mental health isn't just an added benefit—it’s a cornerstone of how we work together to build a stronger, healthier organization. We believe that a workforce that feels supported, understood, and empowered is not only more productive but also more engaged, innovative, and resilient. By prioritizing mental health, we are shaping a future where our teams thrive, both personally and professionally.
Mental Health in the Workplace: A Core Element of Success
In today’s fast-paced and competitive world, mental health in the workplace has become an issue of critical importance. While much attention has been given to physical health and safety in work environments, mental health remains a challenge that many organizations are still learning to manage effectively. At Aura, we recognize that a company's success is intrinsically linked to the well-being of its employees. Mental health not only affects productivity and creativity but also determines the long-term health of a business. This article explores why mental health should be prioritized, the challenges businesses face, and the steps that companies can take to ensure a supportive, healthy environment for their teams.
The Growing Importance of Mental Health in the Workplace
Mental health conditions are now one of the leading causes of employee absenteeism, with stress, anxiety, depression, and burnout being among the most common issues affecting workers worldwide. In fact, a recent Aura Health Institute global survey highlighted the sharp increase in mental health-related challenges across diverse industries. According to the survey, work-related stress, time pressure, and the demands of balancing personal and professional life have contributed significantly to the rise in mental health concerns. This phenomenon is not restricted to any specific region, with high levels of stress and burnout affecting both developed and emerging economies.
The reality is that a mentally healthy workforce leads to higher productivity, greater engagement, and a more positive organizational culture. A company that supports mental health creates an environment where employees feel valued, empowered, and motivated. On the other hand, neglecting mental health can lead to absenteeism, reduced creativity, disengagement, and even increased turnover rates.
The Business Case for Mental Health
Research from organizations such as Mercer and the World Health Organization has shown that the financial impact of poor mental health can be staggering. Mental health conditions can cost companies billions of dollars each year in lost productivity, healthcare costs, and turnover. According to the Aura Health Institute’s recent study, a medium-sized S&P company could lose between USD 228 million and USD 355 million annually due to employee mental health issues. In the United Kingdom alone, good mental health among employees could result in savings of GBP 130 billion to GBP 370 billion per year, which represents a significant percentage of the country’s GDP.
Beyond the financial implications, businesses with poor mental health practices risk damaging their reputation and losing top talent to competitors who prioritize employee well-being. In today’s "war for talent," companies must position themselves as employers of choice by demonstrating a strong commitment to supporting their employees’ mental health.
Challenges in Supporting Mental Health
Despite growing awareness, many companies still face significant challenges in addressing mental health at the workplace. One key challenge is that mental health conditions are often invisible. Unlike physical injuries, mental health struggles can go unnoticed, leaving employees to suffer in silence. This is compounded by stigma and a lack of open communication about mental health. Employees may fear discrimination or judgment if they disclose their struggles, leading them to avoid seeking help.
Another challenge is the lack of training and resources for managers and leaders who are typically the first point of contact for employees experiencing mental health challenges. Many organizations also lack structured programs or clear policies to address mental health systematically. As a result, employees may not have access to the support and resources they need to manage their well-being effectively.
Steps Companies Can Take to Support Mental Health
At Aura, we believe that creating a mentally healthy workplace requires a multi-faceted approach. Below are several steps companies can take to support their employees' mental health and well-being:
1. Promote Open Dialogue and Awareness
Encouraging open discussions about mental health is essential in removing the stigma surrounding the topic. Companies should create an environment where employees feel safe sharing their concerns. Training programs, workshops, and mental health awareness campaigns can help break down barriers and make mental health a part of the company’s culture. Leadership should openly discuss mental health issues and lead by example in creating an environment of understanding and support.
2. Offer Resources and Support Systems
Employers should provide employees with access to mental health resources. This could include counseling services, mental health hotlines, or online programs that offer stress management, mindfulness, and coping strategies. At Aura, we offer a variety of resources to support mental health, including access to private counseling services, online well-being courses, and curated resources on resilience and mindfulness.
3. Training for Leaders and Managers
Managers are in a unique position to recognize when employees may be struggling with mental health issues. Therefore, it's crucial that leaders receive training on how to recognize the signs of mental health problems and how to approach sensitive conversations with empathy and support. At Aura, we ensure that our leadership team undergoes regular mental health awareness training, enabling them to provide the necessary support to their teams when needed.
4. Create a Supportive and Flexible Work Environment
Flexible work arrangements, such as remote work or adjusted hours, can significantly reduce stress and improve work-life balance. Companies should also consider offering financial benefits, such as subsidies for childcare or healthcare, to alleviate financial stress, a major contributor to poor mental health. At Aura, we encourage flexible working hours and provide resources to help employees balance their personal and professional lives.
5. Preventive Measures and Early Intervention
Taking a proactive approach is crucial to maintaining mental health. Regularly checking in with employees to assess their well-being and providing early intervention programs can prevent mental health problems from escalating. Additionally, employers should look for ways to reduce stress at work, such as improving job design, increasing autonomy, and promoting a healthier work-life balance.
6. Build a Positive Workplace Culture
Creating a positive, inclusive, and supportive company culture can greatly enhance employees' mental well-being. Encouraging collaboration, recognition, and social connection within teams fosters a sense of belonging and community. Celebrating achievements, both personal and professional, also helps boost morale and mental health.
Supporting Mental Health at Aura
At Aura, we understand that mental health is just as important as physical health in fostering a productive and engaged workforce. We have implemented a range of initiatives to ensure our employees have the support they need to thrive both personally and professionally. Here’s how we’re making a difference:
Empowering Leadership: Our leaders receive specialized training in mental health awareness to understand the challenges their teams may face and provide the necessary support.
Comprehensive Employee Resources: Employees have access to resources like meditation courses, mindfulness workshops, and curated insights to help them build resilience and manage stress.
Confidential Counseling Services: Aura offers private, confidential counseling services that employees can access at any time, ensuring they have immediate support when needed.
Proactive Well-Being Culture: We foster a culture of mental health awareness through workshops, training, and open dialogue, encouraging employees to prioritize their well-being without fear of stigma.
Work-Life Balance: With flexible working hours, mental health days, and support for childcare and healthcare, we make it easier for our employees to manage their personal and professional lives.
The Future of Mental Health in the Workplace
The future of workplace mental health is bright, but it requires ongoing effort from companies to maintain an environment that supports their employees. As the importance of mental health becomes more recognized, it’s imperative for businesses to adopt strategies that prioritize well-being. At Aura, we believe that investing in mental health is not just a moral responsibility but a strategic advantage. By nurturing a mentally healthy workforce, companies can drive innovation, enhance productivity, and build a strong foundation for future success.
In the end, companies that prioritize the mental health of their employees will not only enhance their organizational culture but will also gain a competitive edge in attracting and retaining the best talent. Mental health is a critical driver of success, and at Aura, we’re committed to ensuring our teams thrive, both personally and professionally.
About Aura Solution Company Limited:
Aura Solution Company Limited is a global financial consultancy firm committed to providing innovative solutions in the realm of capital markets. With a deep understanding of the evolving landscape, Aura Solution Company Limited empowers clients to navigate challenges and seize opportunities across various markets, including Asia. Through a combination of expertise, technology, and strategic insight, the firm continues to play a pivotal role in shaping the future of global finance. (Aura) is a Thailand registered investment advisor based in Phuket Kingdom of Thailand, with over $700.15 trillion in assets under management. Aura Solution Company Limited is global investments companies dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. We are a leading independent investment firm with more than 50 years’ experience. As long-term investors we aim to direct capital to the real economy in a manner that improves the state of the planet. We do this by building responsible partnerships with our clients and the companies in which we invest. Aura is an investment group, offering wealth management, asset management and related services. We do not engage in investment banking, nor do we extend commercial loans.
What does "AURA" stand for?
Aura Solution Company Limited
How big is Aura?
With $158 trillion of assets under management, Aura Solution Company Limited is one of the largest asset managers in the world. The company primarily generates revenue through investment services, including asset and issuer servicing, treasury services, clearance and collateral management, and asset and wealth management.
What does Aura do?
Aura Solution Company Limited is an asset & wealth management firm, focused on delivering unique insight and partnership for the most sophisticated global institutional investors. Our investment process is driven by a tireless pursuit to understand how the world’s markets and economies work — using cutting edge technology to validate and execute on timeless and universal investment principles. Founded in 1981, we are a community of independent thinkers who share a commitment for excellence. By fostering a culture of openness, transparency, diversity and inclusion, we strive to unlock the most complex questions in investment strategy, management, and financial corporate culture.
Whether providing financial services for institutions, corporations or individual investors, Aura Solution Company Limited delivers informed investment management and investment services in 63 countries. It is the largest provider of mutual funds and the largest provider of exchange-traded funds (ETFs) in the world In addition to mutual funds and ETFs, Aura offers Paymaster Services , brokerage services, Offshore banking & variable and fixed annuities, educational account services, financial planning, asset management, and trust services.
Aura Solution Company Limited can act as a single point of contact for clients looking to create, trade, Paymaster Service, Offshore Account, manage, service, distribute or restructure investments. Aura is the corporate brand of Aura Solution Company Limited.
Aura Services
PAYMASTER : Paymaster is a cash account a business relies on to pay for small, routine expenses. Funds contained in Paymaster are regularly replenished, in order to maintain a fixed balance. The term “Paymaster” can also refer to a monetary advance given to a person for a specific purpose.
LEARN : https://www.aura.co.th/paymaster
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OFFSHORE BANKING : A bank is a financial institution licensed to receive deposits and make loans. Banks may also provide financial services such as wealth management, currency exchange, and safe deposit boxes. There are several different kinds of banks including retail banks, commercial or corporate banks, and investment banks. In most countries, banks are regulated by the national government or central bank.
LEARN : https://www.aura.co.th/offshorebanking
CASH FUND RECEIVER : Wire transfer, bank transfer or credit transfer, is a method of electronic funds transfer from one person or entity to another. A wire transfer can be made from one bank account to another bank account.
LEARN : https://www.aura.co.th/cash-fund-receiver
ASSET MANAGEMENT : Emerging Asia's stocks and bonds have experienced a lost decade. Over the past 10 years, their returns have lagged those of global indices by a considerable margin. And that is despite the fact that these economies accounted for about 70 per cent of world GDP growth over the period. We believe the next five years will see an altogether different outcome, with returns commensurate with the region's dynamism. This means Asian assets are currently under-represented in global portfolios.
LEARN : https://www.aura.co.th/am
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