Mental health in the workplace is an increasing concern that can have repercussions for both employees and employers. The following is a list of some numbers and the financial effect on companies:
Studies indicate that one in every five workers experiences a mental health problem on an annual basis, as stated by the World Health Organization (WHO).
Problems with one's mental health can result in decreased effectiveness as well as increased absenteeism and presenteeism. (When employees come to work but are not completely productive due to their mental health issues). The Center for Workplace Mental Health estimates that depression alone is responsible for more than 200 million lost workdays annually, which results in an expense to businesses of $44 billion.
Costs associated with staff attrition and recruitment High staff turnover can be caused by a variety of factors, including stress, burnout, and other mental health problems. There is a possibility of significant hiring and training expenses for businesses.
Here are some suggestions for what to include in a health and care package for your employees.