“If you had an organisation with a £20m hole in it, you’d be all over it like a rash. Because its mental health it’s ignored.”
“The challenge is to come up with a business case to highlight this cost.”
Stated by a senior partner at a global accounting firm with whom I met recently.
I knew I had to accept it when, soon afterwards, I was at an HR conference and one of the participants on the panel stated:
While the rest of the panel seemed to agree, I could not. I knew that if an organisation had a £20m hole in the P&L caused by:
It would not be acceptable – significant action would be taken to sort it.
One of the reactions we get when we explain what we do at Headtorch is to dismiss it as a bit pink and fluffy – so let’s debunk that myth.
After some research, we have our business case and it’s developed by The National Institute for Health and Clinical Excellence (NICE), no less. You can therefore guarantee that it is very well-researched.
The NICE tool uses absence, presenteeism and staff turnover to identify the cost of bad mental health at work.
The results will surprise you.
NICE gives an example for an organisation with 1,000 employees …
… the cost of mental ill health at work will be £835,000.
The numbers speak for themselves and give a reasonable estimate for what it’s costing at an organisational level.
NICE also offers hope – based on the research it’s done, it estimates that 30% of these costs can be saved by taking simple steps.
In the above example with 1,000 employees, this equates to £250,000. Imagine the impact by taking serious action.
The bottom line is:
So let me lay down a challenge to all the decision makers out there – give it a try, take action on mental health at work and reap the rewards.
Mental health ain’t fluffy!
Mental Health on the One Show
Mental Health at Work – Positive Benefits! Great article here from our good friends Geoff McDonald and Brian Heyworth on the One Show – highlighting mental health, the importance of taking action, and the benefits of doing so.
Work’s Mental – Conference Schedule
Work’s Mental Conference – Prioritising Mental Health at Work Be inspired, de-mystify and share industry best practice on mental health at work with amazing speakers and performers View the conference schedule here: Work’s Mental Conference Schedule 10 Oct 2017 “I can honestly say it’s one of the most enjoyable conference events I’ve been […]
Senior Leaders & Mental Health at Work – This is My Story Scotland
At the first event of its kind in Scotland, Headtorch, Minds@Work and RBS hosted “This is My story Scotland” where Senior Leaders shared their experiences of mental health. An amazing and inspiring event helping to change attitudes and understanding of mental health at work.
Work’s Mental Conference – 10 October 2017
Prioritising Mental Health at Work 10th October 10 – 4pm (register 9.15am) Police College, Jackton, nr East Kilbride The Work’s Mental Conference: Be inspired, de-mystify and prioritise mental health at work Help us celebrate World Mental Health Day with amazing speakers & performers from: BAe Systems General Pharmaceutical Council University of Glasgow Police […]
Mental Health at Work – The Great £20m Robbery & Creating a Business Case
“If you had an organisation with a £20m hole in it, you’d be all over it like a rash. Because its mental health it’s ignored.” “The challenge is to come up with a business case to highlight this cost.” Stated by a senior partner at a global accounting firm with whom I met recently. I […]