In 2014/15 stress, anxiety and depression resulted in 9.9 million working days lost, at an estimated social and economic cost of £5.2 billion.
Not only are stress and mental health issues damaging to people’s health and wellbeing, but they also impact profitability in many ways, including:
Managing stress and mental health risk factors strengthens your business and protects your workforce.
What is the scale of the problem?
1 in 6 employees are currently experiencing mental health problems. With numbers this high, managing mental health should be a priority for every organisation.
There is an unbreakable link between the wellbeing of an organisation and that of its employees. Psychological wellbeing is highly predictive of long-term physical health. At a fundamental level, wellbeing affects both physical and mental health. The benefits of having a happy, healthy workforce are immense. When an organisation has their Health and Wellbeing right, the results are an increase in profitability. To put this in simple terms, it all starts with Wellbeing.
I’d like to introduce you to the concept of PROFITABILITY THROUGH WELLBEING.
What’s in it for us? How about a return on investment of over 400%?
You want further evidence? In a large meta-analysis of over 225 academic studies, employees with positive psychological wellbeing:
Louise Aston, Wellbeing Director of ‘Business in the Community’ says:
“All organisations need to take steps to proactively incorporate better management of mental health into the everyday working environment, and it should be the marker of every responsible business to talk openly about mental health. Those that don’t are less productive, less competitive and more prone to absences and turnover – those that do attract the best talent and clients and ensure they are successful for the long term.”
Okay, I’m convinced. What can we do about it?
10 STEPS TO ADDRESSING MENTAL HEALTH & WELLBEING IN THE WORKPLACE:
This list is in no way exhaustive. There are so many more ways you can help to positively impact your people.
If you take one thing away from this article, remember this: If you look after your people, your people will look after your business. Never has this been truer than in cases of stress, wellbeing and mental health. If you don’t support your people, they’ll either be forced to go off sick, or to leave.
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