If you don’t think that prioritizing your employees’ mental wellbeing saves your organization time and money, think again. In a study conducted by the CDC, depression was found to cause around 200 million lost workdays a year, costing employers between $17 and $44 billion dollars. If that statistic isn’t staggering enough, another study shows that happy employees increase their productivity by 12-20 percent over unhappy employees.
We often assume that physical health is the only key factor to monitor and to take care of in our daily lives, ultimately causing us to often ignore our mental health. Injury is not only physical, as a poor mental state can lead to the development of serious mental illnesses. Ensuring that you’re mentally healthy is just as important as ensuring that you’re physically healthy, though this is an idea that is often overlooked in society today.
Investing in Mental Health is Good for Business
A false assumption may be that investing in your employees’ mental health over everything else can cause your company to lose profit, as there is a possibility of employees taking days off to focus on their mental wellbeing. However, research shows that the reality of the situation is quite the opposite. By keeping your employees happy and healthy in a work environment that is supportive and encouraging, you reduce the chance of employees developing a mental illness, such as depression or anxiety. In fact, approximately 80% of people struggling with depression reported at least some level of functional impairment because of their depression.
Individuals struggling with depression often have difficulty performing daily tasks, or work-related tasks, ultimately lowering their level of productivity in all aspects of their life. In a 3-month period, patients with depression miss an average of 4.8 workdays and suffer 11.5 days of reduced productivity. Ensuring that your employees maintain a positive state of mind and are mentally healthy will not only benefit your organization economically, but create a work environment where employees feel comfortable and cared for, which is of highest priority.
Tips: How to Take Care of Your Employees
There are many ways to ensure that your employees feel taken care of, which will ultimately result in a more comfortable and secure workplace environment. By focusing on your employees’ mental health, not only will your employees feel valued and understood, they can also be motivated to work harder, knowing that they are working for a company that cares about them as individuals.
Investing in mental health in the workplace will provide many benefits for your organization and your employees, such as:
· Increased productivity
· Increased job performance
· Increased team performance
· Supportive workplace atmosphere
We at Precede are optimistic that in the future, mental illness will be treated as seriously as physical illness, as it impacts individuals in every aspect of their lives as well.
Want to learn more about how Precede Occupational Health Services can help your company and your employees? Click here.