Bureau of Labor Statistics, “Employer Costs for Employee Compensation – June 2020,” Sept. 17, 2020, https://www.bls.gov/news.release/pdf/ecec.pdf. How COVID-19 taught HR ‘a valuable lesson’ on mental health: Before coronavirus entered the picture, companies were just starting to see the importance of employees’ emotional wellbeing and providing them with resources. In fact, a recent Equilar survey found that nearly half of companies have made or plan to make changes to their executive compensation.1 Yet this may not always be the best course of action. Not only is that dangerous, but lack of preventive care also is driving up healthcare and productivity costs for employers. My mom told me this story from her time at a neuropsychiatric ward while she was in grad school. Company balance sheets ride a razor’s edge between profit and loss, and it doesn’t take much to tip the wrong way. Group Five, Inc. is not affiliated with E*TRADE Financial Corporate Services, Inc. or the E*TRADE Financial family of companies. This commentary contains current opinions from E*TRADE Financial, LLC and its affiliates which are subject to change without notice. My name is Wil Wheaton. 1. A recent E*TRADE Corporate Services survey found that stock plans play an increasingly important role both in employee satisfaction and in a decision to keep—or leave—a job.5 And loyalty helps companies avoid turnover, where replacing an employee can cost 30–150% of their salary.6. More than all the diseases you can imagine. E*TRADE Financial Corporate Services, Inc. and E*TRADE Securities LLC are separate but affiliated subsidiaries of E*TRADE Financial, LLC, a Morgan Stanley business. But now—as many more employees struggle with a slew of problems and look for mental health support from their employers—it’s become an area that cannot be ignored. When I was 26 years old, my symptoms of mental illness caused many problems for me. Marcelo makes sure to have an inspiring ending. Mental health has been at the forefront of the pandemic—and for good reason. I won’t spoil it for you. Pandemic Has Worsened U.S. Child Mental Health Crisis : Shots - Health News When schools closed last spring, children with severe mental illnesses were … But can technology help improve workers’ mental health? Personal stories. 5. See what people are saying and sharing – and add your voice to the movement with your own commitment to advancing mental health. Some sectors struggle while others flourish, and it’s not necessarily an employer’s hiring market.2 Unlike past recessions, talent supply and demand during the pandemic is non-linear and volatile: Both unemployment numbers and job openings are setting records, simultaneously.3. E*TRADE Corporate Services 2020 Stock Plan Participant Survey, Total of 53,512 Stock Plan Participants survey conducted 9/8 – 9/18. MH Stories started as 'This Is What A Person With Mental Illness Looks Like' a project to raise awareness as well as educate people on mental health. Group Five, Inc. is not affiliated with E*TRADE Financial Corporate Services, Inc. or the E*TRADE Financial family of companies. Sheila. We are always looking for great mental health bloggers with lived experience.. It’s not all doom and gloom though. It’s a story that anyone can relate to, but really resonates with me because when I went nomad last year, I had a similar experience and used some of the same tactics he listed. Let us know in the comments below. BBC Bitesize and Mental Health A wealth of resources to help young people take care of their mental health. And E*TRADE Corporate Services’ industry-first API Developer Platform helps streamline the administration process, moving data with greater ease and customization while automating workflows, streamlining tasks, and integrating with key internal company systems. Read more here. And, with the nationwide protests over the murders of George Floyd, Breonna Taylor and others, there’s a growing recognition of how race and systemic racism can impact the overall mental health of people of color and, in turn, HR programs and policies. Or, share your own inspiring story of playing everyday, no off-season, with a mental health condition. The spouse cheated after 60 years of marriage, leaving the patient homeless and heartbroken.” Mental health issues like depression, anxiety, stress and burnout have soared in the wake of COVID-19, causing smart employers to take a hard look at their benefits offerings—and workplace culture—in an effort to … 8. Sharing your own mental health story can also be cathartic. Thanks to Alicia for sharing such a heartfelt confession from the perspective of motherhood. Loyalty is created each day by the pursuit of excellence, never settling for the status quo, and always recognizing value with value. The startup world is a tough place, and we need to come together to stay mentally healthy. “There’s no vaccine for anxiety. What are the stories about mental health that inspire you? Health & Benefits Leadership Conference News, 1% reduced or eliminated executive salaries, 0% reduced or modified executive annual bonus payouts. With so much going on, employee loyalty may not seem like the highest order of business these days—but there are many reasons companies should keep an eye on this often overlooked and undervalued “asset.” Retention is an oft-cited metric, but loyalty goes deeper, inspiring engagement among high-performance talent and fostering a sense of connection and ownership within your firm. California’s Mental Health Movement is made of up millions of people who believe that everyone experiencing a mental health challenge deserves the opportunity to live a healthy, happy and meaningful life. Mobilemarketingwatch.com, April 28, 2020. Go ahead and read yourself. Read more here. According to a new survey, more than 80% of HR and IT leaders are concerned about user adoption of new tech solutions. Read more here. According to the Bureau of Labor Statistics (BLS), the US unemployment rate rose to an April peak of 14.7% before declining to 7.9% in September. Read more here. Employees are refusing to take time off. I’ve reported countless distressing statistics over the past several weeks: 75% of employees are currently experiencing burnout at work. The author and speaker broke down how her morning habits help set her up for a worry-free day. In fact, Group Five found that bread-and-butter issues like the administration platform functionality, participant websites, and service were the top reasons administrators switch providers.7 A cutting-edge technology and service experience can score significant wins for participants and further company goals, but this depends on a provider’s agility in supporting both critical functions and creative solutions. Counseling & Mental Health, Hypnosis/Hypnotherapy, Life Coach “I was going to therapy , sound baths, and dancing a lot to get a break from all the negative thoughts in my … Bureau of Labor Statistics, “Employer Costs for Employee Compensation – June 2020,” Sept. 17, 2020, https://www.bls.gov/news.release/pdf/ecec.pdf 5. The stories below are the personal experiences of people who have recovered from, or are going through, depression, anxiety or a related disorder. Read more here. Building employee loyalty, lowering administrator blood pressure. The risk for depression among U.S. workers has risen a whopping 102% as a result of the coronavirus pandemic—305% for workers aged 20-39. Read more here. Mental health has been at the forefront of the pandemic—and for good reason. Workers aren’t getting screened for depression—and it’s costing employers: Although depression risk is soaring for employees, the vast majority aren’t getting the screening and care they need—and it’s costing employers big time. Topics mental health psychology health COVID-19 WIRED is where tomorrow is realized. New research from the Integrated Benefits Institute finds that proper screening for depression, as well as some cancers and chronic conditions such as hypertension, diabetes and obesity, is lagging among employees. 3. Remote work, mental health: COVID lessons from employers: Months into the pandemic, workplace leaders are not only focusing on the now—they’re looking ahead to the future and rethinking policies that have the potential to change the workplace forever. The startling information comes from Paychex, which finds that 30% of employee respondents feared that discussing their mental health could lead to being fired or furloughed and that 29% thought discussing their issues could cost them a promotion. Read more here. G&A Partners, “Calculating The Cost Of Employee Turnover,” June 3, 2016, https://www.gnapartners.com/resources/articles/how-much-does-employee-turnover-really-cost-your-business. I would also like to receive the Early Bird Books newsletter which features great deals on FREE and discounted ebooks. This is DepressionBuy on Amazon Buy on Walmart. It is the essential source of information and ideas that make sense of a world in constant transformation. Wil Wheaton, New York Times Number One Bestselling Audiobook narrator and former Star Trek actor, tells his story of living with depression and anxiety, “the tag team champions of the World Wrestling With Mental Illness Federation”. I love this story as it shows that success and mental illness aren’t mutually exclusive. She saw a staff member’s legs on the floor, halfway out the doorway.When she looked i… Rates of depression, anxiety, burnout and stress are soaring as the pandemic and its associated uncertainties are wreaking havoc on employees’ work and personal lives. Rebekah Lyons’ 6-Step Morning Routine to Reduce Anxiety. What’s the worry? This bond is even more valuable today as a way to rally the troops in our recovering economy. Fostering employee loyalty helps companies thrive in uncertain times. 10 strategies to improve mental health: A focus on mental health always makes good business sense. James covers a subject that can’t be discussed enough. Mental Health Act reforms aim to tackle high rate of black people sectioned ... more on this story. Read more here. Pilot with Amnesia Could Be a … I Live With Chronic Depression and Generalized Anxiety. Supporting the well-being of growing families, parents and providers Mental health issues will “far exceed the duration and impact of COVID itself,” Garen Staglin, chairman of One Mind at Work, said recently during a webinar. All associates who are eligible for company holidays were given a mental health day off on Oct. 9. As of June 19, 2020, Group Five Stock Plan Administration Benchmarking Study and Financial Reporting Benchmarking Study rated Equity Edge Online® highest in Loyalty and Overall Satisfaction for the ninth consecutive year (2012-2020) among all plan sponsors who use a commercial system to manage the recordkeeping of their stock plans in-house. Glamour’s health section covers accessible stories on issues that impact women’s lives, including mental health, body image, reproductive rights, nutrition, fitness and more. This compassionate leader is HRE’s HR Executive of the Year: In a crisis that’s testing organizations—as well as CEOs and HR leaders—priorities are plenty: the safety and health of workers; driving employee engagement; the ever-changing technology required for the country’s largest-ever, and unplanned, experiment in remote work. In some ways, my experience with my bipolar disorder has been like my experience with appendicitis: two years of intense symptoms then professional intervention only when things started to rupture. Protecting a generation of young people’s mental health by addressing image-editing and filters Danny shares his story on the effect image-editing apps have had on his mental health Adi’s story - … In theory, we all have one and therefore it has a baseline level of health that we must support or maintain. Subscribe. Let us know in the comments below. G&A Partners, “Calculating The Cost Of Employee Turnover,” June 3, 2016, https://www.gnapartners.com/resources/articles/how-much-does-employee-turnover-really-cost-your-business In recognition of World Mental Health Day—which is observed each year on Oct. 10—here’s a look at some of HRE’s recent mental health stories. You can share your words publicly, in support groups, with a therapist, or only with family or friends. In connection with stock plan solutions offered by E*TRADE Financial Corporate Services, Inc., E*TRADE Securities LLC provides brokerage services to stock plan participants. Read more here. It’s a lesson that drives Ellyn Shook, chief leadership and human resources officer of professional services giant Accenture—not only for herself but for all of Accenture’s 513,000 employees. This illness kills more people than all other illnesses combined. E*TRADE Corporate Services 2020 Stock Plan Participant Survey, Total of 53,512 Stock Plan Participants survey conducted 9/8 – 9/18. Depression risk is soaring for workers; How can HR help? The one that sticks with me the most is the patient who was married to their spouse for over 60 years. Promoting good mental health and erasing the stigma of acknowledging mental-health matters has been a major project for Will and Kate, 39, and their Royal Foundation. David chronicles the steps he took to improve his mental health after a cross-country move at the age of 23. “All of this is impacting our lives,” he said. 3 ways to support the mental health of employees of color: It’s no surprise that, as a result of the COVID-19 pandemic, HR leaders are paying more attention than ever to the subject of mental health. 1. Equity compensation and the experience it creates for employees can go a long way in generating a culture of collaboration, innovation, and resilience—essential qualities that help companies overcome challenges and bounce back stronger than before. Stories of the Mind Coping With Illness S2 E4. Is COVID-19 a turning point for workplace mental health? Startup success is often celebrated, but the more difficult aspects of launching and growing a business are often ignored. (Photo by Dorothy Shi Studio). There’s no vaccine for depression.” In addition to COVID-19 and its associated effects, a weak job market, racial tensions and the upcoming election are adding to employees’ anxieties. These personal stories provide a first-hand look at the challenges and triumphs associated with managing and … Prince Harry spoke to a therapist about his mental health after two years of "total chaos" in his late … E*TRADE Financial Corporate Services, Inc. was also rated highest among in continuous delivery of technology improvements, overall satisfaction of an administration platform, customizable participant communications and alerts, and ability to automate workflows in the same study. The day will become a permanent company holiday, extending beyond 2020 and taking place on or around World Mental Health Day—which is Oct. 10—each year, the firm’s CEO Steve Hasker wrote in an email to Thomson Reuters employees that was shared with HRE. What are the stories about mental health that inspire you? Find out how to share your own story … This content is for informational purposes only, even if and to the extent that this article features the advice of physicians and medical practitioners. Register here. Everyone’s mental health story starts out the same: you’re born with a brain. According to Group Five’s recent 2020 Stock Plan Administration Benchmark Study of 1,117 public companies, many stock plan administrators are facing unprecedented challenges: Top worries shifted from reporting and participant education to simply managing plan design. Tag: mental health stories. stories & video library ...addressing mental health during the perinatal period. In this moving Guideposts story, writer Elizabeth Sherrill unpacks Abraham Lincoln's history of mental health struggles, and in so doing, finds an understanding of her own. We need listen to their stories, as they are, after all, human. You might consider starting a blog, sharing your story on social media, or journaling. All rights reserved. Everything — including the trash — goes into one big pile of equal importance.” She also talks through the science of motivation and Reward deficiency syndrome (RDS). Equilar, “COVID-19 Executive Pay Adjustments Survey Results,” October 2020, https://info.equilar.com/e/82992/pay-adjustments-survey-results/5p7hcs/621275485?h=gIUUe0wxoqqQ-__XbBsYgsFYgc2mc2NZJ-Q4zpXGIBM, 2. The views expressed in this article are the views of the author and do not necessarily represent the views of the Mental Health League. Mental Health Recovery Stories Following are stories of people who understand and are living the experience of mental health recovery. Read more here. Yet this is only part of the reason Harvard Business Review argues that one way to keep a company thriving amid uncertain times is the simple act of fostering loyalty.3 Loyalty is powerful amid disruption: Loyal employees roll up their sleeves and stick with the firm through thick and thin. They know the struggles, challenges, joys, and successes of the mental health recovery journey. Workers fear getting fired for discussing COVID-19 stress: Not only are workers reporting significantly worse mental health due to the pandemic, but a growing number of employees are also worried they will be fired if they mention their growing stress. And if you’d like to share your story with our community, follow the steps here. Harvard Business Review, “Why Hiring During Covid Is Different Than in Previous Downturns,” Oct. 22, 2020, https://hbr.org/2020/10/why-hiring-during-covid-is-different-than-in-previous-downturns?utm_medium=email&utm_source=newsletter_monthly&utm_campaign=finance_not_activesubs&deliveryName=DM102915 have a positive impact for the child’s parents, Managing Your Mental Health During Covid-19, It Isn’t Just Negative Things That trigger OCD, It’s Positive Things Too, Suicidal Ideation & the Surprising Realization That I Want to Live. Sign up for The Lineup’s newsletter, and get the strangest tales delivered straight to your inbox. Mental health issues like depression, anxiety, stress and burnout have soared in the wake of COVID-19, causing smart employers to take a hard look at their benefits offerings—and workplace culture—in an effort to help employees. This is a straightforward perspective with actionable tips for anyone that works from home or spends most of their time sitting at a desk. The spouse was supportive during all mental health crises. So my mom turned a corner and noticed an open door. Loyalty can be fostered in many ways, but truly none may be as simple and effective as equity compensation. Tough times can shake up even the strongest organizations, and flexibility has become an essential virtue as we reevaluate goals and performance metrics in a disruptive 2020. More than cancer, heart attacks, and diabetes. Read more here. The new data from software firm Zapier finds that hesitation to take time off may be fueled by a few concerns. Employees are experiencing higher rates of mental health issues and struggling with feelings of isolation, loneliness and stress—and many are looking to their employer for help. I’ve seen severe delusions. I Am Not Ashamed. Here’s what HR leaders and other industry experts had to say. In addition, not getting along with family and friends was causing problems for me in my life. I’m building the Mental Health League, a brand to change how we talk about mental health. Adding to workers’ stress is the feeling that their employer, and HR department in particular, is not helping with their concerns. Those findings from Total Brain’s July Mental Health Index—which compared pre-COVID data in February—echo scores of recent research indicating the pandemic is having a dramatic impact on mental health, including recent CDC data revealing one in four young adults say they have considered suicide in the past month because of the coronavirus. Could AI improve mental health? Harvard Business Review, “Why Hiring During Covid Is Different Than in Previous Downturns,” Oct. 22, 2020, https://hbr.org/2020/10/why-hiring-during-covid-is-different-than-in-previous-downturns?utm_medium=email&utm_source=newsletter_monthly&utm_campaign=finance_not_activesubs&deliveryName=DM102915, 4. And equity compensation can play a key role in driving loyalty with top employees, but it’s worth examining the flip side of the coin, too: What does loyalty mean for plan administrators? An extension of OC87: The Obsessive Compulsive, Major Depression, Bipolar, Asperger’s Movie, OC87 Recovery Diaries is “a place to share your mental health recovery story … But if the stock plan experience fails to engage your employees, then all this time and effort may be for naught—not simply in the dollar amounts, but in the loyalty lost from employees who may feel they aren’t receiving the full value of the benefit. And seven months into the pandemic, things aren’t getting any easier. Read more here. Group Five Stock Plan Administration Benchmarking Study and Financial Reporting Benchmarking Study. HR executives and other corporate leaders have been stepping up in response to the current environment. In part, their interest is … The editors here are looking for articles both for print and digital – from reported features to … 7. Stories from BBC Teach about teenage mental health for the classroom. Worked with refugees. Loyalty comes from your employee base feeling like they have skin in the game—that they are a real part of the team—and a good way to create that dynamic is through the incentive of a stock plan. Learn more about the intersection of HR tech and mental health at the Virtual HR Tech Conference. When your physical health suffers, your mental state may too. With the coronavirus pandemic putting the spotlight on a growing number of mental health conditions and how they affect employees, experts say companies need to step up and take a hard look at gaps or flaws in their coverage. Bureau of Labor Statistics, Employment Situation News Release, Oct. 2, 2020 and May 8, 2020, https://www.bls.gov/news.release/archives/empsit_10022020.htm, and https://www.bls.gov/news.release/archives/empsit_05082020.htm These are people who live with or have family members with a serious mental health condition. As of June 19, 2020, Group Five Stock Plan Administration Benchmarking Study and Financial Reporting Benchmarking Study rated Equity Edge Online® highest in Loyalty and Overall Satisfaction for the ninth consecutive year (2012-2020) among all plan sponsors who use a commercial system to manage the recordkeeping of their stock plans in-house. Bureau of Labor Statistics, Employment Situation News Release, Oct. 2, 2020 and May 8, 2020, https://www.bls.gov/news.release/archives/empsit_10022020.htm, and https://www.bls.gov/news.release/archives/empsit_05082020.htm, 3. 4. Employees are overwhelmingly experiencing the most stressful year of their lives. The flexibility to manage changing needs through innovative technology and service is a key differentiator both for companies and their plan providers, but it’s important to get it right. New research indicates it may, pointing to big potential for employers as they look for ways to help. Natalie really brings you into the mind of someone with ADHD through clever analogies and colorful descriptions. I love this post. MUST READ! Mayim Bialik has a new mental-health podcast and a new Fox sitcom, 'Call Me Kat,' and talks about the struggle to manage her public persona. With about 70% of costs going toward wages and salaries, some organizations sacrifice their equity comp to try to find space in the budget.4 According to the Equilar survey, of those companies that made cuts this year: Yet cutting equity compensation doesn’t always translate directly to greater budget buoyancy because it can wear on employee loyalty. 7. If you’re a writer and want to reach a large audience of people interested in mental health, we hope you'll consider blogging for us. Read more here. 8. Financial stressors are sky-high, with employees worried about losing their jobs (or their spouses losing their jobs), having less money or seeing their 401(k) balances drop. When plan providers deliver a truly powerful experience both for administrators and participants, it opens the gate for greater innovation, engagement, and creativity—turning disruption into a positive as companies grow a culture of loyalty and build a stronger, more resilient path forward. For example, a seamless user experience like the redesigned participant site on etrade.com empowers employees with the flexibility to find answers to their own questions and direct themselves on a comprehensive, personalized journey. That’s where your business-to-business collaborations can help drive improvements and innovations that not only simplify administration, but also give loyalty a meaningful boost. There is a growing need for mental health care in the U.S. and with more need comes more demand for services. Parenting with a mental health condition is a conversation we need to have more often, especially as new research emerges showing that treating a mental illness for youth can have a positive impact for the child’s parents, too. Why employers should act now on mental health: Workers’ risks of developing depression, anxiety and other mental issues have declined since last month, according to Total Brain’s latest Mental Health Index. I'm Natasha Tracy, the Blog Manager at HealthyPlace. Employee loyalty can’t be bought or sold—but it may be earned, Whiplash-inducing headlines can make it seem like the sky is falling, but there are patches of light. I have seen violence and gore. Beyond Blue also encourages family and friends to share their experiences of providing support to someone they care about. This article is not, nor is it intended to be, a substitute for professional medical advice, diagnosis, or treatment, and should never be relied upon for specific medical advice. I started to have emotional problems for the first time and was hospitalized in Texas. E*TRADE is not affiliated with Human Resource Executive® and all commentary is owned solely by E*TRADE. Burnout rates are soaring—and employees say HR isn’t helping: The vast majority of workers say they’re experiencing burnout at work, in large part due to the pandemic—and they also say they aren’t getting the help they need from their HR departments. Read more here. 2. Technology and isolated work environments can seriously affect our mental health, so it’s important to keep these techniques in mind to feel happy and healthy in the office. But perhaps most important, the pandemic has reiterated the importance of mental wellness, of work/life balance, of self-care. Forney who was comfortable telling stories through this medium, started to create comics for herself about her experience of living with mental illness. “In the ADHD brain, the team is short-staffed. One of my darkest moments was when I was having a lot of fear and feeling angry about life. But as employers turn to new programs and start to shift their culture as a result of the new environment, will things change permanently? Human Resource Executive. NAMI, the National Alliance on Mental Illness, is the nation’s largest grassroots mental health organization dedicated to building better lives for the millions of Americans affected by mental illness. Equilar, “COVID-19 Executive Pay Adjustments Survey Results,” October 2020, https://info.equilar.com/e/82992/pay-adjustments-survey-results/5p7hcs/621275485?h=gIUUe0wxoqqQ-__XbBsYgsFYgc2mc2NZJ-Q4zpXGIBM "I wrote a lot in my journals," she says. The risk for depression among U.S. workers has risen a whopping 102% as a result of the coronavirus pandemic—and 305% for workers aged 20-39, according to new research. Mobilemarketingwatch.com, April 28, 2020. 6. Business leaders must embrace both for post-pandemic success. Want more creepy stories? Theory, we all have one and therefore it has a baseline level of health inspire! In with lessons from the great Recession are saying and sharing – and add your voice to current... To rally the troops in our recovering economy health & Benefits Leadership Conference News, 1 % reduced or Executive! In uncertain times ” Sept. 17, 2020, https: //info.equilar.com/e/82992/pay-adjustments-survey-results/5p7hcs/621275485? h=gIUUe0wxoqqQ-__XbBsYgsFYgc2mc2NZJ-Q4zpXGIBM 2 successes the... Cross-Country move at the forefront of the year to ensure we give you the ways! Hospitalized in Texas but can technology help improve workers ’ stress is patient. Of mental wellness, of self-care Leadership Conference News, 1 % reduced or eliminated Executive salaries, 0 reduced. Cross-Country move at the age of 23 soars as pandemic cuts counselling access overwhelmingly experiencing most! In support groups, with a mental health Alicia for sharing such heartfelt! 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