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Harvard Business Review
3 days ago
- Business
- Harvard Business Review
HBR's Best Practices for Supporting Employee Mental Health
When the Covid-19 pandemic hit, people across the globe faced new anxieties about their health, families, income, and stability. For company leaders, all that upheaval put worker mental health into the can't-ignore category of issues affecting their organizations. External forces affecting employee mental health have continued to proliferate since: The fast pace of AI implementation is changing the shape of many careers, geopolitical tumult brings worry about stability, and murky and shifting economic outlooks can lead to cost-cutting measures like layoffs. In short, your people have a lot to worry about right now. A new survey from the workplace wellness consultancy Mind Share Partners in partnership with Qualtrics of over 1,100 U.S. employees found that 90% of participants reported 'at least minor levels of one mental health challenge,' with the top three stressors being U.S. politics, global events, and personal finances. As a leader, you're likely feeling it, too: A 2024 Businessolver survey of 3,000 CEOs, HR professionals, and employees found that 55% of CEOs reported experiencing a mental health issue (such as anxiety, depression, loneliness, burnout, and obsessive compulsive disorder) in the past year. It's time for leaders to recommit to supporting their employees' mental health—and their own. HBR's archive has plenty of strategies for how to do it right. Change Systems, Not Individuals Companies are making larger investments in employee wellness programs than ever; however, data suggests those programs aren't actually resulting in better well-being outcomes for employees. According to a trio of authors drawing on a wide body of workplace wellness research, individual-level interventions like well-being apps and employee assistance programs are likely to be ineffective unless paired with systemic interventions. To take a more holistic approach to workplace well-being, the authors suggest leaders become 'behavioral architects' by embedding well-being strategies—and support—into all levels of the organization. Consider changes like increasing flexibility (even trying a four-day workweek) to give employees more control over their work-life balance, putting together volunteer-led 'well-being champion networks' to provide them with peer support, and training managers to support their team members' mental health. Consider Identity Workplace mental health expert Morra Aarons-Mele points out that 'work is about people, and people are messy and difficult.' That may appear obvious at first glance, but identity —the interrelated elements that make up our concept of ourselves—is a critical dimension of how people experience and talk about mental health challenges. Employees from younger generations may be more comfortable discussing mental health than their older counterparts, for example, and men may feel more stigma around mental health than women do. Aarons-Mele has a few suggestions for how to counter these differing perspectives: Create an organization-wide shared language and baseline of knowledge about mental health. Ensure men are visible in mental health conversations. Create opportunities for people who share lived experiences and dimensions of identity to connect with one another. Look to Your Own Leadership Behaviors As a leader, your day-to-day behaviors can inadvertently cause your employees undue stress and anxiety. Tomas Chamorro-Premuzic put together a list of five common behaviors to watch out for. For example, are you adding unnecessary complexity by making employees guess at what you'll do next? Are you telegraphing pessimism, leading them to assume a situation is worse than it is? Being more aware of how your actions affect your employees can help you 'bring out the best in people even in the worst of times,' according to Chamorro-Premuzic. And while many conversations about mental health have moved out of the shadows and into the open over the past few years, both stigma and concerns about repercussions persist. As a leader, you have influence, and discussing your own mental health can make your employees feel more comfortable discussing theirs. As Kelly Greenwood, founder and former CEO of Mind Share Partners, puts it, telling your own story 'reduces stigma and normalizes the ups and downs of being human—especially as a high-performing professional' and 'positions vulnerability as a strength instead of a weakness and shows it's possible to succeed and thrive with a mental health challenge.' Greenwood offers a guide to crafting an authentic, compelling story for employees in a way that's both inclusive and protective of your own boundaries. Improve Uptake of Programs Storytelling may also help increase employee participation in the mental health programs you've invested in. A team of behavioral scientists and organizational behavior scholars recently conducted a study of 2,400 employees at the Swiss pharma company Novartis to test their participation in the company's peer-to-peer Mental Health First Aid support program. While plenty of employees had volunteered to be mental health first aiders (i.e., a source of support for colleagues), overall uptake in the program remained low. The authors presented participants with various anonymous stories of their colleagues accessing the program, varying in severity from work-related stress and anxiety to depression and panic attacks caused by external factors. Their initial findings showed that 'simply hearing about colleagues' struggles [could] normalize access to mental health support at work and increase uptake of an existing peer-to-peer support mental health program by as much as 8%.' That might not sound significant, but the authors note that at a large corporation like Novartis (comprising approximately 78,000 employees), the increased uptake could translate to 2,000 employees making use of the resource. Don't Neglect Your Own Mental Health To be effective at leading others, it's critical that you take care of yourself. If today's roller coaster of uncertainty is (understandably) making you anxious, Morra Aarons-Mele emphasizes how important it is that you address it: 'If you don't look your anxiety in the face at some point, it will take you down.' Instead of ignoring it or trying to push through it, she offers a four-stage process for managing your anxiety. First, you'll do some reflecting, looking inward to better understand what you're feeling and why. Then, you'll start developing tactics for managing your anxiety, including (healthy) compartmentalizing and connecting with others. Next, you'll learn how to be vulnerable with peers and employees—without oversharing or letting the conversation go off the rails. Finally, you'll put together a support system outside the organization to help gut-check your decision-making and advise you on more sensitive situations. Doing this, Aarons-Mele notes, 'means you'll have better workdays, both when things are status quo and during transitions and tough times.' . . . The past few years have taught us a couple things: It's not reasonable to expect employees (or yourself) to check their emotions at the door when they come into work, and simply spending money on interventions like wellness apps isn't sufficient on its own to support them. As a leader, taking a more holistic view of your employees' mental health—and working through and sharing your own experiences—can make them feel more engaged and improve the health of your organization. More Resources
Yahoo
20-05-2025
- Business
- Yahoo
Businessolver Introduces Stand-Alone Consumer Accounts Administration Platform to Bring more Financial Stability and Benefits Engagement to Market
DENVER, COLORADO, May 20, 2025 (GLOBE NEWSWIRE) -- Businessolver®, the market-leader in SaaS-based HR and benefits technology, announced at its annual Vision conference in May that it is launching MyChoice Accounts, its consumer-directed healthcare account platform, as a standalone solution, giving employers nationwide access to a modern, flexible technology for managing health and benefit accounts. Previously available exclusively to organizations using Businessolver's benefits administration solution, MyChoice Accounts offers an intuitive, mobile-friendly approach to manage key accounts such as HSAs, FSAs and HRAs alongside industry leading service and support. 'When we built our MyChoice Accounts solution five years ago leveraging industry experts with more than 225+ years of experience, it was to create an AI-driven, flexible solution that would grow with employers as consumer expectations changed,' said Rae Shanahan, Chief Strategy Officer. 'Finding a recently developed accounts technology in the space is hard to come by, meaning most employers are stuck with legacy options that do not have the flexibility to truly innovate. We are excited to bring a new technology and administration option to all employers, regardless of where they administer their benefits today.' Additionally, Businessolver is also excited to launch new features to its Health Savings Account experience that puts more savings power in employees' hands. Set to launch this summer, individuals with a MyChoice Accounts HSA will have a new option to set aside funds within a Spend, Save, Invest model. Alongside a modern lineup of exchange-traded funds (ETFs), MyChoice Accounts will introduce a "Save" category, allowing members to grow their savings through a money market account. This feature encourages members to set shorter-term financial goals with higher interest savings options, beyond the traditional investment options for retirement This innovation is in immediate response to the data from Businessolver's platform detailing that 48% of employees say they would feel panicked about an unexpected medical expense. Generationally, Gen Z and Millennials, who collectively make up over half of today's workforce, are the most panicked at 62% and 50% respectively. The new shorter term saving options support a differentiated financial savings strategy. 'Financial wellness is top of mind as we continue to innovate in the accounts spaces,' said Kent Rausch, Businessolver's Head of Product and the original designer of the MyChoice Accounts platform. 'Today, we are offering all of the usual suspects, like the tax-advantaged accounts, lifestyle offerings, and a truly innovative HSA; but tomorrow—the sky's the limit. Our platform can really handle financial wellness products that will support informed financial decisions for a healthier workplace.' MyChoice Accounts was originally launched in 2019 as an integrated product on the Benefitsolver® benefits administration platform and offers configurable and personalized consumer account administration options including Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), and Health Reimbursement Arrangements (HRAs). Now, with nearly one million active accounts, and significant product growth, MyChoice Accounts is poised to serve clients who want streamlined and simplified accounts management, with or without benefits administration services. Supporting the MyChoice Accounts platform is Sofia™, Businessolver's virtual AI-powered benefits assistant that enhances member engagement by providing chat assistance, account balance retrieval, claims status updates, and more. Most recently, Sofia successfully resolved more than 94% of consumer account inquiries, while employees who interacted with our Service Center call representatives reported a Net Promoter Score (NPS) of 67. About Businessolver Since 1998, Businessolver has delivered market-changing benefits technology the empowers empathetic service supported by an intrinsic responsiveness to client needs. The company creates client programs that maximize benefits program investment, minimize risk exposure, and engage employees with easy-to-use solutions and communication tools to assist them in making wise and cost-efficient benefits selections. Founded by HR professionals, Businessolver's unwavering service-oriented culture and secure SaaS platform provide measurable success in its mission to provide complete client delight. CONTACT: Nicole Selinger Businessolver 314-805-2165 Nicole@
Associated Press
20-05-2025
- Business
- Associated Press
Businessolver Introduces Stand-Alone Consumer Accounts Administration Platform to Bring more Financial Stability and Benefits Engagement to Market
DENVER, COLORADO, May 20, 2025 (GLOBE NEWSWIRE) -- Businessolver ®, the market-leader in SaaS-based HR and benefits technology, announced at its annual Vision conference in May that it is launching MyChoice Accounts, its consumer-directed healthcare account platform, as a standalone solution, giving employers nationwide access to a modern, flexible technology for managing health and benefit accounts. Previously available exclusively to organizations using Businessolver's benefits administration solution, MyChoice Accounts offers an intuitive, mobile-friendly approach to manage key accounts such as HSAs, FSAs and HRAs alongside industry leading service and support. 'When we built our MyChoice Accounts solution five years ago leveraging industry experts with more than 225+ years of experience, it was to create an AI-driven, flexible solution that would grow with employers as consumer expectations changed,' said Rae Shanahan, Chief Strategy Officer. 'Finding a recently developed accounts technology in the space is hard to come by, meaning most employers are stuck with legacy options that do not have the flexibility to truly innovate. We are excited to bring a new technology and administration option to all employers, regardless of where they administer their benefits today.' Additionally, Businessolver is also excited to launch new features to its Health Savings Account experience that puts more savings power in employees' hands. Set to launch this summer, individuals with a MyChoice Accounts HSA will have a new option to set aside funds within a Spend, Save, Invest model. Alongside a modern lineup of exchange-traded funds (ETFs), MyChoice Accounts will introduce a 'Save' category, allowing members to grow their savings through a money market account. This feature encourages members to set shorter-term financial goals with higher interest savings options, beyond the traditional investment options for retirement This innovation is in immediate response to the data from Businessolver's platform detailing that 48% of employees say they would feel panicked about an unexpected medical expense. Generationally, Gen Z and Millennials, who collectively make up over half of today's workforce, are the most panicked at 62% and 50% respectively. The new shorter term saving options support a differentiated financial savings strategy. 'Financial wellness is top of mind as we continue to innovate in the accounts spaces,' said Kent Rausch, Businessolver's Head of Product and the original designer of the MyChoice Accounts platform. 'Today, we are offering all of the usual suspects, like the tax-advantaged accounts, lifestyle offerings, and a truly innovative HSA; but tomorrow—the sky's the limit. Our platform can really handle financial wellness products that will support informed financial decisions for a healthier workplace.' MyChoice Accounts was originally launched in 2019 as an integrated product on the Benefitsolver® benefits administration platform and offers configurable and personalized consumer account administration options including Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), and Health Reimbursement Arrangements (HRAs). Now, with nearly one million active accounts, and significant product growth, MyChoice Accounts is poised to serve clients who want streamlined and simplified accounts management, with or without benefits administration services. Supporting the MyChoice Accounts platform is Sofia™, Businessolver's virtual AI-powered benefits assistant that enhances member engagement by providing chat assistance, account balance retrieval, claims status updates, and more. Most recently, Sofia successfully resolved more than 94% of consumer account inquiries, while employees who interacted with our Service Center call representatives reported a Net Promoter Score (NPS) of 67. About Businessolver Since 1998, Businessolver has delivered market-changing benefits technology the empowers empathetic service supported by an intrinsic responsiveness to client needs. The company creates client programs that maximize benefits program investment, minimize risk exposure, and engage employees with easy-to-use solutions and communication tools to assist them in making wise and cost-efficient benefits selections. Founded by HR professionals, Businessolver's unwavering service-oriented culture and secure SaaS platform provide measurable success in its mission to provide complete client delight. Nicole Selinger Businessolver 314-805-2165 [email protected]
