Ready to grow your business?
A happy employee is a productive employee, and now more than ever, it’s crucial to prioritize your employees’ mental and emotional well-being. After the pandemic, individuals in the workforce started reevaluating their jobs and identifying what they truly valued, leading to “the great resignation,” “quiet quitting,” or a total career change.
One of the biggest drivers behind workplace stress is financial strain. According to the Federal Reserve, 3 in 10 adults report difficulty meeting their financial needs, and more than one-third say they would struggle to cover an unexpected expense. National research using data from the National Health Interview Survey found that greater financial worry is directly associated with higher psychological distress. [1]
When employees are financially stressed, the impact shows up in the workplace through distraction, burnout, and reduced engagement.
This is where a Professional Employer Organization (PEO) can make a meaningful difference. Continue reading to learn how PEOs can help your business enhance benefits and processes to support employees’ health and happiness.
According to a 2023 Mental Health at Work Report, 61% of people rated finances and work itself as having the most significant negative impacts on mental health. National data also show that 1 in 5 U.S. adults lives with a mental illness, and prevalence rates have increased significantly over the past decade. [1] PEOs help employers proactively address these challenges by strengthening benefits, compliance, and overall workplace support systems. PEOs can help with the following:
he best PEOs can help you improve your employees’ well-being by giving your business access to extensive benefits packages covering not only healthcare and retirement plans but also mental health services like therapy and psychiatric care.
The World Health Organization declared burnout an “occupational phenomenon,” claiming burnout is a syndrome conceptualized as resulting from chronic workplace stress that has not been successfully managed. [2] Understanding that well-being extends beyond physical health, it’s imperative to implement mental health initiatives.
Many PEOs will provide various strategies and ideas that you can use to promote mental wellness in the workplace. These may include mindfulness training, yoga, stress-management workshops, and resilience-building. Initiatives like these can foster a positive, nurturing work environment and reduce employee burnout.
Related resource:
How To Prevent Employee Burnout
PEOs provide expert guidance on human resources matters, helping you ensure that your business policies and procedures are fair, consistent, and compliant with labor laws. Having a PEO by your side can foster trust and a sense of employee fairness, contributing to a positive workplace culture.
If you want to maintain a mentally healthy work culture, know that our Professional Employer Resources (PER) team can help. For over 25 years, our human resources professionals have been helping businesses in Orlando and beyond with valuable resources, resolving employee-related issues, payroll management, benefits administration, workers’ compensation, and more.
As a Professional Employer Organization (PEO), we can provide solutions that help prevent your team from feeling overworked and overwhelmed, contributing to a healthier, happier workplace.
Ready to strengthen your workplace wellness strategy?
Contact us today!
Sources:
2: National Library of Medicine | Understanding Burnout and Challenging Misconceptions
Ready to grow your business?
