The business case for mental health at work is well proven.
There are three aspects to this:
- The financial case and return on investment
- The legal case
- The ethical case
Mental Health at Work: Positive Returns
Financially
The National Institute for Health and Care Excellence (NICE) estimate that for an organisation with 1,000 employees, the cost of mental ill-health at work is £835,000 a year
How much is it costing your organisation?
NICE also estimate that 30% of these costs can be saved with simple steps – Headtorch can help you with these, and more
In November 2017, The Lancet published a study from the University of New South Wales that found for every £1 that was spent on mental health at work, the return is £9.98 *
The London School of Economics estimate this ratio to be £1 to £9.00
Legally
If you don’t take your employees mental health seriously, you could be in breach of the Health & Safety at Work Act, and The Equalities Act.
Don’t get caught out.
Ethically
It’s the right thing to do.
Employers that prioritise and support mental health across their organisation:
- Ensure high engagement levels
- increase productivity
- reduce absence
- Retain talent
- create a positive business reputation
- Attract talent
It should be no surprise that companies that are listed as the “Best Places to Work” also tend to be the most profitable with high growth levels and stock performance (ref. Fortune Magazine).
The Thriving at Work report published in October 2017 details the benefits that can be realised through a positive mental health culture – see below:
Thriving at Work, Stevenson & Farmer 2017
*: The University of New South Wales published a study on the effects of mental health training for managers, and found that for every £1 that was spent, there was a return of £9.98 – see more at the link below –
Mental Health at Work: increased profits, increased productivity, legal compliance, improved employee engagement – the right thing to do
Latest News
Event of the month – Join us for a Day at the Derby
Well actually it’s not a day at the Derby, it’s a half day in Ripley which is near Derby and the event, the Regional Disability Roundtable organised and hosted by the amazing Becky Brooks and the Employer’s Network for Equality & Inclusion. What’s more the event has nothing to do with horses but there will be… goats! Amy McDonald […]
Latest News
Headtorch aware – open event
Mental Health at Work for Managers 13 June 2019 9:15 – 12:45 (register from 8.45) kindly hosted by 105 West George Street, Glasgow G2 1QL This is The Open Event for you you will develop knowledge, understanding and awareness of how to support mental health at work OUTSTANDING VALUE share your knowledge, meet […]
Latest News
Who C.A.R.E.S? creating a mentally healthy culture – 16 May
Headtorch is delighted the Clydesdale Bank is hosting a very special event: Who C.A.R.E.S? creating a mentally healthy culture 40 St Vincent Place, Glasgow, G1 2HL 17:30 – 19:00 16th MAY 2019 Get engaged with this FREE event for mental health awareness week see the schedule here Places are limited – BOOK HERE NOW
Latest News
Mental Health in the Workplace with Scottish Engineering
Headtorch, Scottish Engineering and Mac Occupational Health are running a half day event on Mental Health in the Workplace. It’s going to be a good one and a very intersting morning. 10th May 2019 9.30 to 12.30 Book now (open to members and non-members of Scottish Engineering) Mental Health in the Workplace […]
Latest News
CRUNCH & Learn – Mental Health Awareness Campaign
CRUNCH & Learn! Creative Lunching at work – it’s back! An easy to implement, cost-free campaign, for Mental Health Awareness Week 13-19 May 2019 Last year, organisations up and down the UK took part in Crunching – AIG, BAE Systems, Leidos, PepsiCo, Webhelp and many more – it was so successful we’re doing it again When […]
Give yourself a treat, listen to what @DollyParton has to say #Wellbeing #mentalhealthatwork twitter.com/netflix/status…