Latest news with #EmployeeAssistanceProgram
Newsweek
2 days ago
- Business
- Newsweek
How Leading Consulting Firms Address the Rising Challenge of Burnout
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Across the country, employee engagement is at all-time lows as people deal with labor market, socioeconomic and geopolitical instability. During this time, managers have been tasked with keeping people happy while balancing executive interests in productivity, office attendance and avoiding corporate activism. In the field of management consulting, where client demands and working hours can be grueling, companies like EY, PwC and Accenture are addressing these challenges by boosting their support for employees' well-being. All three firms were named to Newsweek's America's Greatest Workplaces list earlier this month. "Well-being is unique to every person. That's why, at EY, we take a holistic approach—prioritizing physical, mental, financial and social wellness," Kim McConnell, director of EY Assist, told Newsweek via email, adding that personalized benefits plus focus on team building and measuring progress are keys to the company's strategy. Burnout has been noted as a rising issue since the pandemic-driven lockdowns of 2020. Google searches for "work burnout" and "burnout symptoms" reached all-time highs in the middle of 2022 and have remained high. Both terms have spiked again in the middle of this year, with "work burnout" reaching a new all-time high. Researchers have identified cultures of silence, "invisible work," and a lack of inclusion as sources of burnout. "Well-being isn't a one-time effort but an ongoing commitment to making it part of our everyday experience," Kim Jones, talent strategy and people experience leader at PwC, told Newsweek via email. "We're creating intentional space for our people to recharge and refocus, empowering them to thrive in a sustainable way. We're also providing our people with resources and learning opportunities, such as time for upskilling and volunteering." Recently launched initiatives at PwC include Rock Your Block, weekly uninterrupted time where internal meetings are not allowed, and My Milestone Rewards, which allows people to choose the health and well-being benefits that they would like most. The company invested $22 million in the rewards program. Accenture's well-being strategy focuses on the "three Rs"—recognition, recovery and renewal—as Dr. Tamarah Duperval-Brownlee, the company's chief health officer and a former practicing physician, explained in an interview with Morning Brew last year. Accenture's benefits include financial education, apps and tools to help with sleep and caregiver support as well as courses to support well-being, resilience and belonging. An Employee Assistance Program (EAP) and Mental Health Ally Network provide professional support and internal networking, and birth parents get 16 weeks of paid leave while other parents receive eight weeks. On its website, Accenture also lists flexible work programs and fertility and dependent care support among the benefit offerings available to employees. PwC employees enjoy expansive health and well-being benefits. PwC employees enjoy expansive health and well-being benefits. Getty Images PwC's benefits package also includes financial coaching, well-being support in the form of coaches, rewards and an EAP, as well as expansive professional development and networking opportunities. Its employees also have access to counseling apps and platforms: fitness benefits include Peloton, Wellhub and One Pass, and mental health resources include Talkspace, and Togetherall. PwC also offers fertility, child care and additional caregiver reimbursement and support. EY has buttressed its efforts with a mental health and emotional support team, which allows employees and family members in their households 25 no-cost mental health coaching our counseling sessions per year. The company also covers up to $1,000 annually toward activities, experiences, vacations or products like video game systems, gym memberships and meal delivery services. Employees also get $500 to help cover commuting costs and pet care and $1,500 for child care or caregiver support. "We have also developed approaches to supporting well-being through psychological principles, including a mindfulness program and a program that helps participants develop mindsets to navigate challenges and engage in self-growth," McConnell said. EY has also focused on building internal connections, recognizing how important these bonds can be in addressing dissatisfaction with work. The company provides a service called Team Leader Skills Accelerator, which, McConnell said, "helps establish team norms and behaviors around connection, focus, impact, development and flexibility." "At EY, we've found that teams who spend 40 to 60 percent of their time together in person experience the optimal balance of collaboration and flexibility," McConnell explained. "They benefit from the on-the-job learning and real-time feedback that are critical to our apprenticeship model; they are also able to build lasting connections and report stronger feelings of psychological safety." The firm is also measuring employee well-being with the help of new technology. "We created the EY Vitality Index, a proprietary, AI-powered tool that measures well-being across our teams," McConnell shared. "It does this across 12 key well-being drivers, including experiential data (e.g., whether individuals feel supported, valued and see opportunities for growth) and operational data (e.g., hours worked, PTO utilization and recognition awards). The Vitality Index helps EY leaders spot early signs of burnout and take meaningful actions to correct it." As the talent market grows tighter and more competitive, employers are tasked with finding better ways to support employee well-being. Those who do it successfully can see gains in culture and people's desire to stay at or recommend working at a company. "Well-being is a business imperative, and organizations that prioritize it can effectively combat burnout, improve retention and support long-term growth," McConnell said.
Business Wire
17-06-2025
- Business
- Business Wire
Names Tricon Residential One of the Best Workplaces in Real Estate for 2025
TORONTO--(BUSINESS WIRE)--Tricon Residential Inc., a Blackstone Real Estate portfolio company, has been named one of the 2025 Best Workplaces in Real Estate™ by Great Place To Work ®. This marks Tricon's fifth year on the list and reflects the Company's continued investment in building a positive workplace culture focused on delivering high-quality service to residents across North America. 'At Tricon, our people-first approach starts with our employees,' said Gary Berman, President and CEO of Tricon Residential. 'To deliver a high standard of care for our residents, we focus on building a culture where our teams feel supported, valued, and aligned with a clear purpose. This recognition from Great Place To Work affirms that when employees are set up to succeed, they deliver meaningful impact far beyond the workplace, including in the homes and communities we serve.' In survey responses to Great Place To Work, 87% of Tricon Residential employees say Tricon fosters a positive work environment, consistently citing the Company's strong sense of purpose, investment in employee well-being and active community involvement as pivotal factors. 'Our job is to make sure residents feel heard, valued, and cared for—and that's only possible because of the culture Tricon has built,' said Marc Leclerc, Resident Satisfaction Manager. 'Through investment in our well-being, training, and success, we have the support we need to make a real difference in residents' lives.' Putting Employee Well-Being First Tricon offers a range of health and wellness programs and benefits designed to support employees' physical, social, emotional and financial needs. Key highlights of Tricon's employee well-being initiatives include: Comprehensive Wellness Platform: Provides a wide range of services, including virtual mental health treatment options, offered at no cost. Flex Work Hours and Competitive Wages: Offers flexible work hours, remote work options to accommodate diverse schedules, and competitive wages for employees in every market. Annual Fitness Benefits: Supports employees' physical well-being with access to employer-funded fitness benefits. Employee Assistance Program (EAP): Ensures that employees have access to resources and confidential counseling services, offered at no cost. Investing in Communities Through Employee Action Tricon actively encourages and supports its employees in giving back to the communities in which it operates. Every team member receives: Eight hours of paid volunteer time per year $100 to donate to a cause of their choice, with Tricon matching all contributions Since the launch of these programs, Tricon employees have donated more than $267,000. In 2024 alone, employees volunteered over 10,000 hours in support of local food banks, education initiatives, youth programs, and more. Recognized for Impact In addition to the 2025 recognition from Great Place To Work, Tricon was named a Top 100 Inspiring Workplace in North America by the Inspiring Workplaces Group in 2024, and a Best Workplace in Real Estate & Property Development in 2022. The Best Workplaces in Real Estate award is highly competitive. Great Place To Work ®, the global authority on workplace culture, determines its lists using a unique methodology to evaluate and certify thousands of organizations in America's largest ongoing annual workforce study, based on over 1.3 million survey responses and data from companies representing more than 8.2 million employees in 2024 alone. Survey responses reflect a comprehensive picture of the workplace experience. "Great Place To Work Certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience," said Sarah Lewis-Kulin, the Vice President of Global Recognition at Great Place To Work. She emphasizes that Certification is the sole official recognition earned by the real-time feedback of employees regarding their company culture. 'By successfully earning this recognition, it is evident that Tricon Residential stands out as one of the top companies to work for, providing a great workplace environment for its employees." About Tricon Residential Inc. Tricon Residential is an owner, operator and developer of single-family rental homes in the U.S. and multi-family apartments in Canada. Our commitment to enriching the lives of our employees, residents and local communities underpins Tricon's culture and business philosophy. We provide high-quality rental housing options for families across the United States and Canada through our technology-enabled operating platform and dedicated on-the-ground operating teams. Our development programs are also delivering thousands of new rental homes and apartments as part of our commitment to help solve the housing supply shortage. At Tricon, we imagine a world where housing unlocks life's potential. For more information, visit About Great Place to Work Certification™ Great Place To Work® Certification™ is the most definitive 'employer-of-choice' recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place To Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place To Work-Certified. As the global authority on workplace culture, Great Place To Work® brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Their proprietary platform and For All™ Model helps companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified™ or receiving recognition on a coveted Best Workplaces™ List.
NDTV
07-06-2025
- Business
- NDTV
Citigroup To Cut 3,500 Tech Jobs In China Amid Global Restructuring
Citigroup has announced plans to eliminate approximately 3,500 technology positions at its Citi Solution Centres in Shanghai and Dalian, China. This move is part of a broader global restructuring strategy aimed at streamlining operations and reducing costs. The affected roles primarily involve information technology services, including software development, testing, maintenance, and operational support for Citi's global business. The layoffs are expected to be completed by the start of the fourth quarter of 2025. While some positions may be relocated to other Citi technology centres, specific details have not been disclosed. This decision follows Citigroup's earlier initiative to reduce its reliance on IT contractors and bolster its in-house technology workforce to enhance risk management and data governance. "These decisions are never easy, and we do not make them lightly. Our priority is to treat our colleagues with care and respect and to provide the support and guidance they need during this transition. A comprehensive plan has been developed to support impacted employees, including a separation package that is higher than the local industry average and one-on-one information sessions. Employee Assistance Program counselling services and an outplacement support program are available as well," Citigroup said in a statement. Marc Luet, Head of Japan, Asia North and Australia, and Banking, said:"Citi has been in China for 123 years, and our franchise remains an important part of our global network and growth plans. We are committed to our corporate and institutional clients in China and supporting their cross-border banking needs, as well as clients across our international network who do business there. We have market-leading businesses across banking, markets and services that support a large number of leading Chinese corporates and 70% of Fortune 500 companies in China. Citi continues to pursue the establishment of a wholly owned securities and futures company in China." Despite the job cuts, Citigroup remains committed to its operations in China, including plans to establish a wholly owned securities and futures business. The bank continues to adjust its global operations to improve efficiency and address regulatory challenges.
Yahoo
30-05-2025
- General
- Yahoo
Covington Middle School student dies after end-of-year celebration: Austin school district
An Austin eighth grade student died Thursday morning after complications related to an incident at a school-related celebration, according to the Austin school district. Vadir Gonzalez-Arias, who was a student at Covington Middle School, died after an undisclosed incident at an eighth grade celebration at Dick Nichols Park in Southwest Austin, according to the district. The park is less than three miles from Covington. "Vadir was kind, caring, and approached each day with a positive attitude and a willingness to do what was asked of him," Principal Cedric Maddox said in a letter to families. "He treated his peers and teachers with genuine respect and made those around him feel seen and appreciated. "We know that this news may be difficult for students to understand and process, and we are here to support them," Maddox said. Covington's campus was open Friday as a counseling center from 9 a.m. to 1 p.m. for students to talk to English and Spanish-speaking counselors and licensed mental health professionals, Maddox said. The Austin district suggested the following community resources for those who need help: The Christi Center – free information and support groups for youth and adults regarding grief and loss: 512-467-2600 Integral Care – 24 hours support for mental health crises or by appointment: 512-472-4357 National Suicide Prevention Lifeline: 988 Austin ISD Employee Assistance Program resources. This story was updated to add a video. This article originally appeared on Austin American-Statesman: Covington Middle School student dies after end-of-year celebration
Time Business News
27-05-2025
- Health
- Time Business News
Best Insurance Plans for Mental Health Coverage 2025
In 2025, prioritizing mental health is more important than ever. As awareness grows and stigma decreases, access to reliable insurance plans that include robust mental health coverage has become a vital part of comprehensive healthcare. Whether you're looking for therapy, medication, or inpatient treatment, the right insurance can make these services more affordable and accessible. This guide outlines some of the best options available in 2025. Insurance Plans for Mental Health Coverage UnitedHealthcare (UHC) stands out for its wide provider network and commitment to behavioral health. UHC offers various programs like 24/7 virtual mental health visits, an extensive network of in-person therapists, and an Employee Assistance Program (EAP). Their coverage includes therapy, substance use treatment, and crisis care, making it one of the most well-rounded choices available today. Learn more about UHC mental health benefits and how they can support your well-being throughout the year. Cigna Healthcare is another strong contender, offering a seamless digital experience and access to both traditional and alternative mental health therapies. With options like personalized coaching and virtual sessions, Cigna appeals especially to younger populations who value convenience and digital-first experiences. Anthem Blue Cross Blue Shield includes behavioral health as part of their essential benefits under ACA-compliant plans. Their telehealth expansion in 2025 further supports remote therapy and mental health consultation, making care more reachable than ever. Other notable mentions include Oscar Health and Kaiser Permanente, both of which continue to grow their mental health support services, with Kaiser focusing on integrated care and Oscar leveraging tech-driven member engagement. To address growing demand, many plans now offer more flexible policies, with expanded coverage for preventive therapy sessions, youth mental health programs, and even stress-management tools. Mental health parity laws have also strengthened, requiring insurers to treat mental health on par with physical health, which has pushed more providers to refine their offerings. Many employers are now offering expanded mental wellness benefits as part of group plans to improve productivity and satisfaction across their workforce. This shift toward proactive care means that therapy is now seen as a vital wellness tool, not just a crisis response. Conclusion Choosing the best mental health insurance plan in 2025 involves more than comparing premiums—it's about understanding the level of support, network accessibility, and how well a plan fits your unique needs. Providers like UnitedHealthcare, Cigna, and Anthem are leading the charge in offering flexible, comprehensive coverage that prioritizes your mental well-being. With more tools, more providers, and better access than ever before, now is the time to invest in your mental health through the right insurance partner. TIME BUSINESS NEWS
