{"id":749635,"date":"2023-04-20T09:24:07","date_gmt":"2023-04-20T13:24:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/the-hartfords-new-research-finds-next-gen-workers-are-most-in-need-of-mental-health-support-least-likely-to-feel-their-employers-care\/"},"modified":"2023-04-20T09:24:07","modified_gmt":"2023-04-20T13:24:07","slug":"the-hartfords-new-research-finds-next-gen-workers-are-most-in-need-of-mental-health-support-least-likely-to-feel-their-employers-care","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-hartfords-new-research-finds-next-gen-workers-are-most-in-need-of-mental-health-support-least-likely-to-feel-their-employers-care\/","title":{"rendered":"The Hartford\u2019s New Research Finds Next-Gen Workers Are Most in Need of Mental Health Support, Least Likely to Feel Their Employers Care"},"content":{"rendered":"

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The Hartford\u2019s New Research Finds Next-Gen Workers Are Most in Need of Mental Health Support, Least Likely to Feel Their Employers Care<\/b><\/p>\n

Gen Z workers report higher levels of anxiety and depression, decreased productivity due to mental health, and stigma as a more significant barrier to care than their Boomer and Gen X counterparts<\/i><\/p>\n

HARTFORD, Conn.–(BUSINESS WIRE<\/a>)–
\nNew research by The Hartford<\/a>, a leading provider of workers\u2019 compensation and employee benefits, found Gen Z workers are the most in need of mental health support compared to other generations\u201453% are highly stressed in a typical week and 44% feel depressed or anxious at least a few times per week\u2014yet are less likely to believe their employers care greatly about their mental health (51%). Also, Gen Z workers are more likely than other generations to report stigma prevents them from seeking mental health care (41%).<\/p>\n

\nWhile the youngest generations in the workplace are more likely to say their mental health affects their productivity (38% Gen Z and 32% Millennials), the oldest generation in the workplace are less likely to report mental health impacts (Baby Boomer 8%). The Hartford\u2019s research could foretell an even greater effect on worker productivity and the bottom line of businesses, as an estimated 75 million Boomers are expected to retire by 2030\u2014the year the U.S. workforce is projected to be two-thirds Millennial and Gen Z.1<\/sup><\/p>\n

\n\u201cThe stakes could not be higher,\u201d said The Hartford\u2019s Chairman and CEO Christopher Swift<\/a>. \u201cThe future of work depends on meaningful action today to support next-gen workers\u2019 emotional and mental well-being. Employers have the power to transform mental health through empathetic leadership, inclusive and collaborative workplaces that foster connection, and more resources tailored to the unique needs of employees and their families.\u201d<\/p>\n

\nYear over year, The Hartford\u2019s Future of Benefits Study has shown a connection between employee mental well-being, mental health support, and the impact on a company\u2019s bottom line. For example, nearly one-third (30%) of U.S. workers in 2023 reported feeling depressed or anxious at least a few times a week, compared to 34% in 2022. Also, a majority of Human Resources (HR) professionals (64%) feel the deteriorating mental health of their workforce has a negative financial impact on their company, which is down compared to 71% last year.<\/p>\n

\nA majority of U.S. workers believe employers should provide more mental health training for managers (58%), additional mental health tools for employees (59%), and better resources for their dependents (58%). Also, a majority of HR professionals agree managers need additional training (71%) and mental health resources (65%), but half said a lack of funding prevents them from doing so.<\/p>\n

\nSwift, a vocal advocate<\/a> for stigma-free<\/a> workplaces, will discuss the well-being of next-gen workers during a panel titled \u201cA View from the Top: Leaders Prioritizing People, Policy, and Potential\u201d at the 26th<\/sup> Annual Milken Institute Global Conference<\/a>.<\/p>\n

\nTo better support employers, The Hartford is expanding its partnerships with the Milken Institute<\/a>, a nonpartisan, nonprofit think tank, and the National Alliance on Mental Illness (NAMI)<\/a>, the nation’s largest grassroots mental health organization dedicated to building better lives for the millions of Americans affected by mental illness. With these partners, The Hartford will increase its ongoing research and provide educational programs and resources<\/a> for business leaders and workers across the U.S.<\/p>\n

Survey Methodology<\/b><\/p>\n

\nFielded Feb. 14\u201328, 2023, The Hartford\u2019s 2023 Future of Benefits Study included 500 human resource (HR) benefit decision-makers and 1,100 U.S. workers. The margin of error is employer +\/- 4% and worker +\/-3% at a 95% confidence level. The ages for the generations in The Hartford\u2019s 2023 Future of Benefits Study are: 1997 to 2004 (ages 19-26) for Gen Z; 1998 to 1981 (ages 27-42) for Millennials; 1967 to 1980 (ages 43-56) for Gen X; and 1955 to 1966 (ages 57-68) for Baby Boomers. The full report on The Hartford\u2019s 2023 Future of Benefits Study will be available in May.<\/p>\n

About The Hartford<\/b><\/p>\n

\nThe Hartford is a leader in property and casualty insurance, group benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at https:\/\/www.thehartford.com<\/a>.<\/p>\n

\nThe Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. For additional details, please read The Hartford\u2019s legal notice<\/a>.<\/p>\n

\nHIG-C<\/p>\n

\nSome of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our 2022 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.<\/p>\n

\nFrom time to time, The Hartford may use its website and\/or social media outlets, such as Twitter and Facebook, to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at https:\/\/ir.thehartford.com<\/a>. In addition, you may automatically receive email alerts and other information about The Hartford when you enroll your email address by visiting the \u201cEmail Alerts\u201d section at https:\/\/ir.thehartford.com<\/a>.<\/p>\n

1<\/sup>An Early Outlook of a Millennial-led Economy in 2030 – UPCEA<\/a><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230420005584\/en\/<\/a><\/span><\/p>\n

Media:
\n<\/b>
Kelly Carter
\n
Kelly.carter@thehartford.com<\/a><\/p>\n

KEYWORDS:<\/b> Connecticut United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Health Insurance Mental Health<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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\"Logo\"<\/td>\n<\/tr>\n
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The Hartford\u2019s New Research Finds Next-Gen Workers Are Most in Need of Mental Health Support, Least Likely to Feel Their Employers Care Gen Z workers report higher levels of anxiety and depression, decreased productivity due to mental health, and stigma as a more significant barrier to care than their Boomer and Gen X counterparts HARTFORD, Conn.–(BUSINESS WIRE)– New research by The Hartford, a leading provider of workers\u2019 compensation and employee benefits, found Gen Z workers are the most in need of mental health support compared to other generations\u201453% are highly stressed in a typical week and 44% feel depressed or anxious at least a few times per week\u2014yet are less likely to believe their employers care greatly about their mental … <\/p>\n

Continue reading “The Hartford\u2019s New Research Finds Next-Gen Workers Are Most in Need of Mental Health Support, Least Likely to Feel Their Employers Care”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-749635","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nThe Hartford\u2019s New Research Finds Next-Gen Workers Are Most in Need of Mental Health Support, Least Likely to Feel Their Employers Care - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-hartfords-new-research-finds-next-gen-workers-are-most-in-need-of-mental-health-support-least-likely-to-feel-their-employers-care\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Hartford\u2019s New Research Finds Next-Gen Workers Are Most in Need of Mental Health Support, Least Likely to Feel Their Employers Care - 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