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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Hartford Financial Services Group Inc | NYSE:HIG | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
1.09 | 1.09% | 100.85 | 101.505 | 100.03 | 100.28 | 877,460 | 01:00:00 |
Research with the National Alliance on Mental Illness, released during the Bebe Moore Campbell National Minority Mental Health Awareness Month, shows disparities in workers’ connectedness and sense of belonging
New research by The Hartford and the National Alliance on Mental Illness (NAMI) found Black U.S. workers face greater barriers to mental health support in the workplace compared with white, Hispanic/Latino, and Asian American Pacific Islander (AAPI) U.S. workers.
Black U.S. workers were more likely to rate their mental health as “fair/poor” and were less likely to say their company had empathetic leadership and an open, inclusive work environment that encourages a mental health dialogue. Also, Black American workers were more likely to say they encounter difficulty in discussing mental health in the workplace due to their race/ethnicity, cultural background, and gender identity. Moreover, Black workers were more likely than white workers to say they have experienced exclusion, hostility, a culture of inequity, microaggressions, and discrimination at their job that affected their mental health. In contrast, AAPI workers were more likely to report “excellent/very good” mental health, with open inclusive workplaces with empathetic leaders, supportive co-workers, and flexible schedules.
“All Americans deserve safe, supportive and mentally healthy work environments,” said The Hartford’s Chairman and CEO Christopher Swift. “By sharing data that illustrates the intersection of mental health and people’s identities, we strive to promote empathy and equity in more workplaces. It is vital that companies continue to break down stigma and prioritize diversity, equity and inclusion. Together, we can make a difference and improve the lives of millions of U.S. employees and their families.”
For the second consecutive year, the workers’ compensation and employee benefits provider and the nation's largest grassroots mental health organization have announced their research during the Bebe Moore Campbell National Minority Mental Health Awareness Month. Their shared goal is to boost mental health awareness and use of resources that support worker wellness.
“This July and beyond, we are honoring Bebe Moore Campbell’s legacy by joining forces with companies, like The Hartford, to break down barriers, emphasize our shared humanity, and promote mental wellness in the workplace,” said NAMI CEO Daniel H. Gillison Jr. “It is crucial to eliminate the stigma surrounding mental health and ensure that every individual, regardless of race, culture or identity, has access to the support and resources they need to thrive.”
While U.S. companies showed improvements in creating a mentally supportive workplace year over year, white and AAPI workers were more likely to report favorable workplace experiences, compared with Black and Hispanic/Latino workers.
White
AAPI
Hispanic/Latino
Black
2023
2022
2023
2022
2023
2022
2023
2022
I am/would be comfortable talking to my co-workers about my mental health
43%
48%
46%
35%
32%
36%
36%
29%
My company’s leadership, including managers/supervisors, are empathetic and take a genuine interest in employees’ lives
64%
57%
61%
44%
47%
46%
38%
40%
My company provides employees with flexibility in work schedules to get mental health help
54%
48%
60%
40%
41%
39%
43%
33%
My company has an open and inclusive work environment that encourages a dialogue about mental health
50%
43%
55%
42%
44%
36%
41%
33%
Survey findings also showed various aspects of identity can affect mental health at work, such as age, race, gender, and job. That intersectionality was also illustrated in verbatim quotes about barriers to speaking out about mental health at their company:
Connections and Belonging
In new survey questions, white working Americans were more likely to report a strong personal connection with co-workers, a sense of belonging at work, and alignment with company values than Black and Hispanic/Latino workers.
White
AAPI
Hispanic/Latino
Black
I feel comfortable being my true self at work
72%
67%
55%
67%
I have a sense of belonging at my work
71%
63%
55%
49%
My values align with my company’s values
62%
57%
50%
42%
I have strong personal connections with my coworkers
61%
56%
40%
47%
Employer Actions
A majority of U.S. workers (61%) said they want to work for a company that prioritizes its employees’ mental health. The survey data revealed actions that employers could take to break down stigma and foster inclusion:
Survey Methodology
In 2023, NORC fielded a general population omnibus survey for The Hartford from April 13-17 and April 28 to May 1, which included an ethnicity oversample and LGBTQ+ oversample for a total sample size of 2,360. Data was filtered to include only those who are employed (total n=1,456 working adults). The margin of error is +/- 3.75% at a 95% confidence level.
About The Hartford
The Hartford is a leader in property and casualty insurance, group benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at https://www.thehartford.com.
The Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. For additional details, please read The Hartford’s legal notice.
HIG-C
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our 2022 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
From time to time, The Hartford may use its website and/or social media outlets, such as Twitter and Facebook, to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at https://ir.thehartford.com. In addition, you may automatically receive email alerts and other information about The Hartford when you enroll your email address by visiting the “Email Alerts” section at https://ir.thehartford.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230720345467/en/
Media Contact: Kelly Carter Kelly.carter@thehartford.com
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