Tag: employee well-being

With the World Health Organization estimating that depression and anxiety cost the global economy US$1 trillion per year in lost productivity, equipping Singaporean managers with essential coaching skills is crucial for fostering a supportive workplace and mitigating these economic and human costs.

Poor team cohesion can significantly impact a company's bottom line, contributing to the estimated SGD 15.7 billion annually that poor employee mental health costs Singapore employers in reduced productivity and absenteeism.

The global economy faces a significant challenge, with depression and anxiety costing an estimated US$1 trillion annually in lost productivity. As AI integration accelerates, particularly in Asia, understanding its dual impact on employee well-being is crucial for employers navigating this evolving landscape.

With nearly a third of young people in Singapore experiencing severe symptoms of depression, anxiety, or stress, employers face a critical decision in selecting effective mental well-being support. This article explores the considerations for Singapore HR in choosing between Employee Assistance Programmes (EAPs) and corporate mental health apps.

The Singapore MOM Tripartite Advisory on Mental Well-being at Workplaces highlights the critical need for employers to cultivate psychologically safe and trusting work environments. This recommendation underscores the importance of creating spaces where employees feel secure in speaking up, sharing concerns, and seeking help without fear of reprisal or stigmatization.