From technological evolution to economic uncertainty, the world is changing at a pace never seen before – and understandably, people are more stressed as a response. A 2024 poll from the American Psychiatric Association found that U.S. adults are feeling increasingly anxious, with 43% of adults reporting feeling more anxious than the previous year. What’s more, a staggering 84% of US workers reported that workplace conditions have contributed to at least one mental health challenge, underscoring the urgent need for employers to address workplace stress. This rising trend in anxiety, both in and outside the workplace, highlights the urgent need for HR managers to offer effective mental health support and stress management strategies.

Supporting mental health in the workplace isn’t a “nice to have,” but a necessity in today’s environment, especially if businesses want to increase retention, engagement and performance. Businesses should take comprehensive actions to minimize stress and support employees navigating the modern workplace by focusing on managerial support, fostering a positive workplace culture and providing comprehensive employee benefits.

The business toll of workplace stress

With stress on the rise, and work-related triggers playing a prevalent role, employers are smart to take proactive measures to address what is within their control. Recent studies show that 32% of today’s employees frequently experience stress at work, with 25% suffering from full-on burnout. External factors, such as the rising cost of living, are exacerbating stress, according to 47% of employees. And the unfortunate reality is that the business costs can be great. In fact, half (51%) of employees are more likely to take a sick day for mental health reasons than for physical illness.