• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
NewslettersFortune CHRO

Is it time to think bigger than benefits? Employers keep offering mental health perks when they might need to rethink their entire workplace

By
Paige McGlauflin
Paige McGlauflin
Down Arrow Button Icon
By
Paige McGlauflin
Paige McGlauflin
Down Arrow Button Icon
April 12, 2024, 8:22 AM ET
A young woman looks stressed as she cradles her head in her hands while sitting at a desk with a computer in front of her.
Benefits alone won't fix the workplace mental health crisis. boonchai wedmakawand—Getty Images

Good morning!

Recommended Video

As companies and their HR leaders wake up to the mental health crisis simmering among their workforce, many have opted to amp up their benefit offerings to address worker well-being.

But a new report has found that this laser focus on benefits is actually hurting employers, who are failing to come up with better solutions when it comes to improving employee mental health. 

One Mind at Work, a mental health nonprofit, analyzed self-reported data from more than 46 companies ranging in size from fewer than 100 employees to more than 50,000 workers, including Bank of America, Prudential, and Aon. Companies scored themselves on 10 different mental health categories, including resources and benefits, work design and environment, and training. Around 93% of organizations that took the assessment said they provided resources and benefits to address mental health, and employers scored highest in that category, coming in at an average of 3.2 on a scale of zero to five. 

But their other scores were less encouraging. Companies overall scored 2.1 when it came to measuring, monitoring, and reporting mental health outcomes, workforce involvement and engagement in mental health initiatives, and getting leadership involved. And while 74% of organizations reported offering mental health training for workers, only 9% measured its impact. 

“What’s happening a lot is that organizations are purchasing more benefits—and having good benefits really does matter,” Kathy Pike, president and CEO of One Mind at Work, tells Fortune. But workplace mental health overall is “largely not ameliorated by adding one more benefit.” 

Instead, the report suggests that companies tie their mental health initiatives to a broader organizational strategy and goal—for instance, reducing burnout or attrition. Only 26% of companies reported having a formal workforce mental health strategy, despite 67% of senior leaders saying they were committed to supporting mental health at work. The report recommends companies focus on a framework that reduces workplace factors that cause stress, promotes the positive aspects of work, and provides information, resources, and services that support mental health needs across the organization.

Pike says that there are some critical questions that every organization should ask itself: “What’s your overall leadership support for addressing mental health and well-being of your people? What is your organizational culture? What is your work design? How are you hearing from your workforce?”

That might mean taking a hard look at workplace factors that create stress and confusion, like a fuzzy reporting structure, unpredictable work schedules, or a culture that encourages sending late night emails. For example, the report cites one small startup with around 15 employees that wanted to create clarity for employees about their job responsibilities as the firm grew. They simplified job descriptions and set standard operating procedures for each role. They also established recurring office hours or “Ask Me Anything” sessions with employees, and a mental health ERG. 

“You can have an enormous impact on mental health and well-being by making some strategic decisions that don’t look like mental health interventions. That’s really key,” Pike says.

Paige McGlauflin
paige.mcglauflin@fortune.com
@paidion

Today’s edition was curated by Emma Burleigh.

Around the Table

A round-up of the most important HR headlines.

- Husbands work from home more than their wives because industries that typically offer remote options are often more male dominated. Economist

-More companies are offering psychedelic-assisted therapy as an employee benefit as it becomes a more mainstream way to improve mental health. Wall Street Journal

- Generative AI has made its way to Wall Street, and some firms may use the new tech to replace junior finance workers. New York Times

- The general counsel for the National Labor Relations Board said there is “no way” the agency would give in to challenges from major companies like Amazon, Starbucks and SpaceX as it tries to enforce labor law. The Guardian

Watercooler

Everything you need to know from Fortune.

Leaderless. Bayer is asking its nearly 100,000 workers to “self organize” as the company cuts out middle managers in an effort to trim costs and save $2.15 billion. —Orianna Rosa Royle

Hard bargain. A judge has ruled that a bourbon distillery swayed its workers against unionizing by offering pay raises and handling out free bottles of whiskey. —Bruce Schreiner, AP

Full throttle. The finance industry’s great RTO push is working—Wall Street and Miami offices are over 80% full compared to pre-pandemic levels. —Jane Thier

This is the web version of CHRO Daily, a newsletter focusing on helping HR executives navigate the needs of the workplace. Sign up to get it delivered free to your inbox.

About the Author
By Paige McGlauflin
LinkedIn icon
See full bioRight Arrow Button Icon

Latest in Newsletters

OpenAI chief operating officer Brad Lightcap (right) speaking at Fortune Brainstorm AI 2025 in San Francisco, California. (Photo: Stuart Isett/Fortune)
NewslettersFortune Tech
What OpenAI’s ‘code red’ will accomplish
By Andrew NuscaDecember 11, 2025
5 minutes ago
Nvidia CEO Jensen Huang arrives for a meeting with Republican members of the Senate Banking Committee in the Dirksen building on Wednesday, December 3, 2025.
NewslettersCEO Daily
Business leaders make their 2026 predictions for the Magnificent 7: ‘I’d rather be in Jensen’s seat than anywhere else’
By Diane BradyDecember 11, 2025
21 minutes ago
Curly haired woman in a black dress speaking.
NewslettersMPW Daily
Natasha Lyonne says Tilly Norwood is a ‘fear tactic’—not the real future of AI in Hollywood
By Emma HinchliffeDecember 10, 2025
19 hours ago
Goldman Sachs' logo seen displayed on a smartphone with an AI chip and symbol in the background.
NewslettersCFO Daily
Goldman Sachs CFO on the company’s AI reboot, talent, and growth
By Sheryl EstradaDecember 10, 2025
22 hours ago
NewslettersCIO Intelligence
Inside tractor maker CNH’s push to bring more artificial intelligence to the farm
By John KellDecember 10, 2025
23 hours ago
NewslettersTerm Sheet
5 VCs sound off on the AI question du jour
By Amanda GerutDecember 10, 2025
1 day ago

Most Popular

placeholder alt text
Success
At 18, doctors gave him three hours to live. He played video games from his hospital bed—and now, he’s built a $10 million-a-year video game studio
By Preston ForeDecember 10, 2025
1 day ago
placeholder alt text
Politics
Exclusive: U.S. businesses are getting throttled by the drop in tourism from Canada: ‘I can count the number of Canadian visitors on one hand’
By Dave SmithDecember 10, 2025
23 hours ago
placeholder alt text
Economy
‘Be careful what you wish for’: Top economist warns any additional interest rate cuts after today would signal the economy is slipping into danger
By Eva RoytburgDecember 10, 2025
17 hours ago
placeholder alt text
Economy
‘Fodder for a recession’: Top economist Mark Zandi warns about so many Americans ‘already living on the financial edge’ in a K-shaped economy 
By Eva RoytburgDecember 9, 2025
2 days ago
placeholder alt text
Uncategorized
Transforming customer support through intelligent AI operations
By Lauren ChomiukNovember 26, 2025
15 days ago
placeholder alt text
Success
Netflix–Paramount bidding wars are pushing Warner Bros CEO David Zaslav toward billionaire status—he has one rule for success: ‘Never be outworked’
By Preston ForeDecember 10, 2025
19 hours ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.