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Employees are feeling the mental strain.
And that’s motivating a significant number of workers to take time off. According to mental health services provider ComPsych, mental health-related leaves of absence have increased by 300% between 2017 and 2023; by 2024, they increased by 22%. One in 10 of all leaves of absence are now due to mental health. Notably, employees who need this time off aren’t guaranteed full pay.
Jackie Stewart is the executive editor of American Banker Magazine. Previously, she covered breaking news, community banks and mergers and acquisitions for American Banker before being named as the … Read full bio
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