Employers across Singapore and other Asia Pacific countries increasingly recognise that unmanaged psychosocial risks — from heavy workloads and poor role clarity to limited workplace support — not only harm wellbeing, but also drive up medical costs. Tackling these risks early through preventative strategies can help contain expenses, safeguard health and protect performance.
Consider this:
- Eight in 10 employees are living with a moderate to high mental-health risk.
- Two-thirds (67 per cent) are burned out
- Almost half (47 per cent) feel mentally and/or physically exhausted at the end of their workday
These challenges can have direct financial implications for organisations. Depression and anxiety alone are estimated to cost Singapore’s economy an estimated $16 billion a year in absenteeism, presenteeism and healthcare costs.
The good news is that employers increasingly recognise that employee wellbeing isn’t just about supporting individual health — it’s a strategic approach that can drive organisational performance.
Forward-thinking organisations are increasingly embracing a prevention-centred approach that helps foster healthy habits and delivers measurable value for everyone involved. This isn’t just compassionate leadership. It’s a smart business strategy. The returns speak for themselves — research from the McKinsey Health Institute shows that investing in workforce wellbeing can unlock up to US $11.7 trillion in economic value worldwide.
This ebook explores how employers are transforming their approach to workforce support through a comprehensive journey-based model that anticipates and prevents risks, empowers employees and responds effectively to help protect wellbeing when significant issues occur. At each stage, it will highlight the services that can make a real, tangible difference to both employers and employees, along with the measurable impact that results.