ComPsych Analysis Points to Surge in Workers Not Being Able to Meet Basic Needs
June 20 2024 - 10:05AM
Business Wire
More People Seek Help from Government and
Community Resources for Housing, Food Insecurity and More
ComPsych® Corporation, the world’s largest provider of mental
health services and GuidanceResources® for life, today released new
data showing a stunning surge in North American workers struggling
to meet their basic needs. Nearly one in three (28%) of
non-clinical cases managed by ComPsych in 2023 in the United
States, Puerto Rico, and Canada were related to help with
government programs for basic needs ranging from rental assistance
to utilities, prescriptions, food pantries, transportation, taxes,
and loans, among other areas.
These findings are based on a sample analysis of more than
25,000 cases in 2023 and represent a 27% increase in government
assistance since 2019, pointing to a significant increase in unmet
basic needs since the onset of the pandemic and persistent
inflation.
“We’ve increasingly heard from our customers – especially those
in industries like retail, manufacturing and food service – that
it’s become harder and harder for their workers to cover the cost
of their basic needs like housing, utilities, medical care,
transportation, and food,” said Dr. Richard A. Chaifetz, Founder,
CEO and Chairman of ComPsych. “Needless to say, this can be a
tremendous source of stress and anxiety. Our holistic approach to
care helps employees navigate the mental distress caused by these
challenges as well as the root causes – connecting them to the
resources they need to find solutions.”
For more information on ComPsych Corporation, the
GuidanceResources® brand, and how to help employees struggling to
meet their basic needs, please visit www.compsych.com.
About ComPsych
ComPsych® Corporation is the world’s largest provider of mental
health services and GuidanceResources® for life. Fueled by a
commitment to relentless innovation and a comprehensive approach to
care, ComPsych provides services to more than 78,000 organizations
and 163 million individuals across 200 countries. Under our
GuidanceResources® brand, our personalized and fully integrated
programs include behavioral health, absence management, and
wellness journeys, which empower employees to lead healthier and
more productive lives, while driving organizational excellence.
Visit compsych.com to find out why 40% of the Fortune 500 choose
ComPsych for their mental health needs.
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Carolyn Linck clinck@compsych.com (312) 446-0339