TaskHuman CEO: Mental health investment will benefit your company in four ways

California firm offers one-on-one coaching in variety of fields

TaskHuman CEO: Mental health investment will benefit your company in four ways

Ravi Swaminathan, founder and CEO of TaskHuman, argues that companies which invest in their employees’ mental health will see a return on their investment in four broad areas: recruitment, retention, engagement and prevention.

Listen: 4 ways companies will see ROI by investing in mental health

Of course, recruitment and retention remain huge obstacles for companies during the Great Resignation. Half of employees claimed to leave their jobs for their mental health in 2021, according to non-profit organization Mind Share Partners. Burnout has been a major contributor, as employees have worried about the COVID-19 pandemic, an impending recession and other domestic and global issues. Plus, with such a limited workforce over the past two years, workers have often found themselves accepting additional responsibilities.

“Investing in mental health is absolutely going to help with lowering medical claims, too,” Swaminathan told HRD. “You’re looking at a holistic solution to help your struggling employees.”

As for employee engagement, TaskHuman offers one-on-one coaching in endless areas of your professional and personal life, helping employees achieve greater work/life balance. That’s a priority for the nearly 70 million Americans who have quit their job over the past year, according to the U.S. Bureau of Labor Statistics. Prompted by the pandemic to re-evaluate their priorities in life, employees have been leaving their positions for greener pastures, demanding higher salaries, better working conditions and more opportunities to advance their career.

In essence, the scales have tipped in favor of employees. It’s a matter of supply and demand: with so few skilled workers available on the market, employers are having to bend over backwards to accommodate workers’ needs and fill positions. To combat the nationwide staffing shortage and compete for talent, employers are forced to increase their compensation and benefits packages beyond the traditional healthcare, dental, vision and 401(k) offers.

Mental health benefits, resources and support have been in high demand during the market upheaval. Swaminathan explains how to approach mental well-being in the latest episode of HRD America Talk.

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