Read our full analysis for a more in-depth look at these trends.
A path to better workplace mental health
June 2023
How has the workplace mental health landscape evolved and what are employers’ options moving forward?
Key takeaways
- A December 2022 Gallup poll shows a mere 31% of Americans rating their mental health as "excellent" — the lowest percentage in over 20 years. And in 2021, not even one-third of the U.S. population was living in an area with a sufficient supply of mental health professionals to meet the exigent local demand (source: KFF).
- With depression alone costing the U.S. economy over $210 billion each year from lost productivity and absences (source: Center for Workplace Mental Health), employers are looking to make progress in their mental health offerings — especially as today's employees continue to re-evaluate and re-define their relationship with work.
- According to Gartner's 2021 EVP Benchmarking Survey, while 87% of employees have mental and emotional well-being offerings available to them, just 23% actually use them. Bank of America's recent Workplace Mental Health report aims to illustrate today's mental health landscape and provide ideas and strategies for organizations to consider when building a more sustainable workplace for the future.
