Using digital tech to support employees’ mental health and resilience

Craft your plan

Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   AN ARTICLE A DAY, PICKED BY OUR EDITORS Nearly half of all employees globally reported a decline in their mental health since the start of the COVID-19 pandemic. And addressing employee well-being isn’t just a warm-and-fuzzy conceit—for every $1 companies spent on wellness programs, healthcare costs fell by more than $3. More organizations are investing to build a healthy, resilient workforce, and they’re often using digital tools (smartphones, wearables, and the like) to help. What role can technology play in supporting employees’ mental health at work? A new article looks closer, drawing on research from the McKinsey HealthTech Network to highlight practical considerations and steps to take as your ambition evolves. — Torea Frey, managing editor, Seattle Using digital tech to support employees' mental health and resilience Poor mental health takes a heavy toll on individuals and businesses. New digital solutions can help employers provide personalized support and make well-being a strategic focus for their organization. Craft your plan   Quote of the Day “[D]eferring college for a year is a privileged person’s game. You have given students the again-untenable choice: to decide whether they’re going to be a full-time student or they are going to work full-time. And if their family needs them to work full-time, then school is absolutely going to go by the wayside.” —Sara Urquidez, executive director of ASP Dallas, a Texas not for profit that provides college counseling, in “COVID-19 crisis pushes US students into an uncertain job market” Chart of the Day See today's chart   Also New COVID-19: Implications for business When two distinct goals are imperative, the only choice is to solve for both. Get updated   Why retail outperformers are pulling ahead Retailers' relative performance in capital markets starkly demonstrates a pandemic-driven acceleration of ongoing industry shifts. This means those that wish to keep up need to speed up. Make strategic pivots   COVID-19 crisis pushes US students into an uncertain job market More than half-a-million US students are dropping out of college, leaving their economic futures in the balance. Understand the issues   The Daily Read An article a day, picked by our editors Subscribe Subscribe to McKinsey’s new Daily Read newsletter to get our editors’ pick of one must-read article each weekday—and why it shouldn’t be missed. Follow our thinking Share these insights Did you enjoy this newsletter? Forward it to colleagues and friends so they can subscribe too. Was this issue forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here. This email contains information about McKinsey’s research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to our Healthcare Systems & Services alert list. Manage subscriptions | Unsubscribe Copyright © 2021 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007