Tag: HR strategy

Poor employee mental health costs Singapore employers an estimated SGD 16 billion annually in reduced productivity and absenteeism, highlighting the urgent need for more effective, human-centered HR strategies. By focusing on employee needs, firms can create supportive environments that improve well-being and engagement.

Investing in employee wellbeing is not just a moral imperative but a strategic business advantage, especially in Singapore. The World Health Organization estimates that depression and anxiety cost the global economy around US$1 trillion each year in lost productivity, highlighting the significant economic impact of mental health challenges.

Poor employee mental health costs Singapore employers an estimated SGD 15.7 billion annually in reduced productivity and absenteeism, highlighting the critical need for a robust business case for mental health initiatives.

Poor employee mental health costs Singapore employers an estimated SGD 15.7 billion annually, highlighting the critical need for strategic employee experience design. Securing buy-in from HR and Finance is essential to implement initiatives that address these costs and foster a thriving workforce.

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.