The pandemic caused lingering financial stress and social problems accompanied by victim stigma. What can employers do to address these concerns?
After three years of pandemic trauma and related socio-political issues, the state of mental health in the workplace is a pressing concern for employers and employees in the region.
Many people have cited not having access to the necessary tools to combat emotional fallout and lack recognition for their work, resulting in increased levels of fatigue — both mental and physical.
With many causes of stress from ongoing financial challenges, physical ailments or social issues significantly impacting people’s mental health, financial advisory firms such as MoneyOwl decided to step up to the plate — by partnering with mental healthcare firm Intellect.
According to MoneyOwl CEO Chuin Ting Weber: “Financial health is an integral part of overall well-being, and our team is committed to empowering individuals to achieve their financial goals. Together, we aim to create a positive impact by supporting Intellect clients in their journey towards better well-being.”
Holistic mental healthcare on demand
By partnering each other, firms such as MoneyOwl and Intellect can provide holistic support so that employees can thrive personally and professionally. The support comes in the form of group webinars and workshops, private consultations with experts, and app-based services.
For clinical interventions (where needed), Intellect offers timely, discreet critical support online, over the phone, and face-to-face, in an end-to-end approach that ranges from medical interventions to coaching and psychiatric services, to a 24/7 hotline and an EAP concierge service for critical-incident stress management.
After providing emergency support to de-escalate cases, the firm follows up with coaching and clinical sessions that can be done virtually or in-person at specified clinics. Additionally, for prevention of mental health issues, proprietary mental health screenings are available to evaluate the well-being and productivity of workforces across five facets: psychological resources; work outcomes; well-being; stigma; and absenteeism.
Such screenings provide employers with anonymized, scientifically-backed measurements of the return on investment from their well-being programs and gain a more comprehensive understanding of organizational well-being.
According to Intellect’s co-founder and CEO Theodoric Chew, existing EAPs may contain gaps that may prevent employees from receiving the critical responsive care they need. “With (our) updated suite of services, clients can rest easy using our scientifically validated, clinical responsive care that drive tangible benefits for organizations,” Chew said.