Mental Health Awareness Week

Mental Health Awareness Week
17.05.2018

With it being Mental Health Awareness week in the UK this week (14-21 May 2018), HR Magazine UK has today published and shared an article entitled “Intrapersonal Skills As A Proactive Way To Personal Sustainability” written by Dr Helena Lass

The article pointed out that the business costs of poor mental health are increasing, and businesses can no longer afford to ignore the problem.

Fatigue, boredom, lack of engagement, absenteeism and presenteeism are all symptoms of internal mental malfunctioning. As any HR manager or team leader well knows, stress, burnout and depression can affect team relationship dynamics and individual mental health and cause loss of revenue and other costs.

WHY WE NEED NEW APPROACH TOWARDS MENTAL WELLNESS?

The Centre for Mental Health 2006/07 report, "Mental health at work: developing the business case", found that the overall cost to British employers of stress, anxiety and depression amounted to £1,035 per employee per year. Of this, £335 was due to absenteeism, £605 lost through presenteeism, and £95 was down to staff turnover.

Ten years on, the Centre for Mental Health has provided an update for the financial year 2016/17, and its findings show that the same overall costs increased to £1,300 per employee per year, reflecting a significant 25.6% rise.

Absenteeism increased to £395 (up 17.9%), presenteeism is now at £790 (a 30.5% increase) and staff turnover at £115 (up some 21%). Overall costing the UK economy £34.9 billion, this shows a 34.7% increase from £25.9 billion in 2006/07. Based on these figures we can only surmise that over the next 10 years we will see a similar pattern.

Can we really afford to just ignore this problem?

 

READ THE FULL ARTICLE @ HR MAGAZINE HOMEPAGE