I have been looking through the Stevenson Farmer https://www.gov.uk/government/publications/thriving-at-work-a-review-of-mental-health-and-employers review of mental health and employers again today and wanted to share a few things.
The human implications
300,000 people with a long term mental health condition leave employment every year, equivalent of the whole population of Newcastle or Belfast.
8 in 10 employers report no cases of employees disclosing a mental health condition!
Only 11% of employees discussed a recent mental wellness problem with their line manager, and half of employees say they would not discuss mental wellbeing with an employer.
Mental health is still the elephant in the room in most workplaces – employees are reluctant to raise the subject for fear of discrimination, while managers often shy away from the subject for fear of making matters worse or provoking legal consequences. This culture of silence means that opportunities to support someone in the workplace are being missed, resulting in staff being off sick or falling out of the workplace altogether.
The Financial Cost
Poor mental health costs the UK economy £42 billion
Over the last decade workplace absence has fallen but days lost due to poor mental health has increased
Mental health conditions over the UK population have increased.
Costs related to presenteeism have risen at a faster rate than absence costs. This is attributed to increased perception of job insecurity and remote working which can encourage more employees to present.
More people choose to leave their employer voluntarily and spend less time at each employer due to mental health this occurs at its greatest level in higher paid, higher skilled jobs resulting in much higher cost of staff turnover.
Return on investment on workplace interventions is overwhelmingly positive. With figures reaching 9:1 and these are likely to be conservative. There is also opportunity to increase these gains by investing in preventative, pro active measures rather than waiting for the very late stages.
Mental Wellbeing Mentoring is our passion. It is also the way to start not only investing in your staff but, as we can see from the Deloitte figures https://www2.deloitte.com/uk/en/pages/public-sector/articles/mental-health-employers-review.html, your business as well.
This is why I am so passionate about my life as a mental wellbeing mentor with the ability to engage with business and address these issues for the benefit of all. If you would like to see how we can work together to improve the mental wellbeing of your workforce please get in touch.