Almost a third (31%) of staff said that they would consider leaving their current role within the next 12 months if stress levels in their organisation did not improve.
Cut sickness absence
Mental health issues such as stress, depression or anxiety account for almost 70 million days off sick per year, the most of any health condition, costing the UK economy between £70-£100 billion per year.
The annual cost of mental health-related presenteeism (people coming to work and underperforming due to ill health) is £15.1 billion or £605 per employee in the UK.
Demonstrate a commitment to corporate social responsibility
Workplace mental ill-health costs employers £26 billion every year through lost working days, staff turnover and lower productivity. However many business leaders still admit to prejudice against people with mental health issues in their organisation.
Decrease likelihood of grievance and discrimination claims from unhappy staff
Grievances or more simply: concerns, problems or complaints that employees raise with their employers’, are on the rise.
Ensure compliance with legislation by understanding the law
If a mental health issue has adverse effects on someone's ability to perform day-to-day tasks, this is considered a disability under the Equality Act 2010. Employers have a duty not to discriminate and to make reasonable adjustments in the workplace.
Ensure a healthier workplace
On average, employees take seven days off work a year for health reasons and it is estimated that mental health issues account for 40% of this figure. Yet up to 90% feel unable to be honest about this being the reason for their absence.
Improve staff morale
60% of employees say they'd feel more motivated and likely to recommend their organisation as a good place to work if their employer took action to support mental health and wellbeing.
Increase staff engagement and commitment
"Supporting mental health within the workplace is not just a corporate responsibility, staff who have positive mental health are more productive and businesses who promote a progressive approach to mental health can see a significant impact on business performance so it's about good business too." Dr Justin Varney National Lead for Adult Health and Wellbeing, Public Health England.
There is a strong link between staff wellbeing and performance. Taking a positive, proactive approach to mental health at work can help you grow your staff and your organisation.