Toronto – A new report of rbc insurance found that nearly half of long-term disability claims among young workers in 2021 were related to mental health issues.
The COVID-19 pandemic has “opened the door” to a better understanding of individual mental health needs as many workers turn to workplace benefit plans amid an increasingly competitive job market and ongoing labor shortages, the report said on Wednesday. give priority.
Among members of the RBC insurance group plan, the organization reported that 49 percent of new group long-term disability claims for young employees aged 18 to 35 were related to mental health, which RBC noted has been trending upward since 2019. Is.
In addition, the report found that nearly half of young Canadian workers surveyed indicated that their employee benefit plan had not adequately addressed their health and wellness needs in the past year.
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Ipsos conducted the survey on behalf of RBC Insurance using a sample of 1,001 working Canadians aged 18 years and older who were interviewed between April 10-13. The results were measured using a reliability interval and are accurate 19 times out of 20, within ± 3.5 percentage points, according to the RBC.
Julie Goudry, head of group benefits at RBC Insurance, said it is no surprise that employees are prioritizing their health given the “challenging and unpredictable year for many working Canadians”.
“Young workers in particular are re-evaluating their individual needs and taking more proactive steps to address their mental health concerns,” Goudry said in a statement. Press release. “It will be important for benefits providers and employers to meet the changing needs of the young workforce.”
RBC also found that 68 percent of Canadians surveyed would rather take a job with a good benefits plan than another job that pays more but doesn’t provide benefits.
If employers want to retain existing employees, as well as acquire new employees, Goudry said businesses need to consider a comprehensive benefits plan for all workers.
“With the widespread tendency for people to leave their roles as a result of job dissatisfaction, businesses must consider the value of benefits to better support the mental and financial health of employees,” Goudry said in the release.