The proactive mental wellness approach for all employees has the best ROI

The proactive mental wellness approach for all employees has the best ROIMental health and employers. 2020
18.02.2020

The overall costs of poor mental health at work have again increased in the UK, according to a new report by Deloitte. In 2017, Deloitte UK published research that explored the benefits to employers of providing help for employees with their mental health in the workplace. Now Deloitte has updated its initial analysis to look again at the overall costs of poor mental health to UK employers. What they found was a cost increase of 16% to employers, now costing up to £45 billion (up from £37 billion in 2016) annually. 

According to the research report, only 9% of all employees surveyed (and 13% of all managers surveyed) have attended training that focused on mental health. The research made clear that there is a real and positive case for investment in mental health by employers.

Deloitte found that on average, return on investment (ROI) into mental health was £5 gained for every £1 spent, up from the £4 to £1 return identified back in 2017. Also, it was clearly shown that the best ROI is found in proactive training that can secure excellent mental wellness for all of your employees by changing the existing workplace culture towards a more sustainable and well-being focused culture. 

PRESENTEEISM AS THE MAIN FACTOR OF MENTAL HEALTH COST

The new report clearly shows the increase of ‘presenteeism’ – when people go to work despite feeling not capable to work with their head (all white-collar jobs performing professional, managerial, or administrative work, for example, IT, banking, managerial and even educational jobs, etc). The data in the Deloitte report reveals that the overall number of sick days taken per employee fell from 5.5 to 4.4 between 2006 and 2018 (see the graph), while the amount of time lost due to different mental health problems at work went up. As Deloitte states: "Most notably, there has been a rise in presenteeism, where individuals choose to attend work despite poor mental health but are unproductive in the work they do." 

We speculate that part of the fall in sick days may come from the fact that most employees are now more aware of the need to keep their physical bodies well. However, this is only part of the need as most workplaces still fail to train the minds of their employees. Wellness Orbit is the mental wellness pioneer that developed the world's first fully digital mental wellness gym for your team. This was possible due to the excellent professional skills and research carried out by Dr. Helena Lass.

LACK OF INTRAPERSONAL SKILLS IS THE REAL PROBLEM

The fact is that the total lack of intrapersonal skills leaves employees, business leaders and even entrepreneurs vulnerable to stress, burnout and even more serious mental health issues. 

People are spending more and more unproductive hours at work when not feeling mentally well, rather than taking time is again due to a lack of intrapersonal skills. According to the Deloitte report, rather ironically, presenteeism is actually costing bosses more than it if staff members would take a day off to get well again. This does not surprise us at all. But it should surprise all those who still have not invested in securing the mental wellness and mental fitness of their employees.

WHAT IS THE COST OF POOR MENTAL HEALTH?

The total annual mental health cost of factors such as sickness, lost productivity and higher staff turnover among staff members to private sector employers vary between £702 (low estimate; hotels, catering and leisure sector; compared to £497 from 2016 report) and £3,353 (high estimate in finance, insurance and real estate sector; compared to £2564 from 2016 study) and in the public sector between £1,203 (low estimate; education sector) and £2,184 (high estimate in public administration, defence, social security sector). 

 

In the private sector, mental health problems related costs have clearly been growing while in the public sector the same costs have stayed the same compared to 2017. Deloitte stated that a range of factors has contributed to a reported increase in cost, including the following: presenteeism, burnout, and an increase in wages during this period. It is probably the case that in the public sector wages have been more stagnant compared to the private sector where the lack of a highly qualified workforce is obvious.

There is one more thing worth taking note of. Deloitte also found, "that the costs to employers of poor mental health are disproportionately high among young employees (aged 18 to 29 years old), at 8.3% of average salary (£ 1,723) compared to an average across all age groups of 5.8%."

HOW CAN YOU TURN AROUND THE MENTAL HEALTH PROBLEMS IN THE WORKPLACE?

Workplace wellness isn’t the sole responsibility of the employees, it requires a partnership between employers and employees. A good place to start is to shift the focus away from illnesses and reactivity and focus instead on a proactive mental wellness approach that is easily accessible for employees. Here the Wellness Orbit e-trainings are perfect for your team(s) as they can be accessed online 24/7 regardless of geographic location and used whenever an employee feels stuck or have a spare moment for self-training in-between different work tasks. 

Wellness Orbit’s pricing is excellent and allows ROI to be well above £10 for every £1 invested. We have aimed to do the impossible – merge the professional quality of trainings with easy and affordable access. This is only possible through the fully digital mental wellness gym trainings.

Our dream has been and still is to keep the cost of the training per participant as low as possible so that workplaces can secure mental fitness and tackle the mental health problem. Our 3 years on the market, however, have shown to our team that the knowledge about the existence or the proactive mental wellness approach travels relatively slowly. Today, you have the power to change that by just sharing our posts. 

No one should have to suffer from stress, burnout or mental health issues in today’s workplace. 

So, secure your training today.

 

 

By leaving this page and doing nothing there is no change. Can you really afford to lose £702 to £3,353 per employee? Maybe it is time to finally break the circle? 

You may say silently think that in my team this sum is different, but have you calculated it?

Do you know the cost of:

  1. Presenteeism for your team?
  2. Low engagement due to a lack of intrapersonal skills?
  3. Stress and burnout among your top players?
  4. Mental health sick leaves?

We are sure that what Deloitte pointed out is conservative as they did not look into the problems that stress causes, such as low engagement, lack of focus, toxicity, etc.


This blog post is written by Kaur Lass