CloseThe Business Case
Mental Health – it’s The Business
Good mental health at work increases performance and productivity. It improves employee engagement, lowers absenteeism and reduces attrition.
Legally, organisations have a duty of care under the Health & Safety at Work and the Equality Act.
Ultimately, better mental health at work means a better performing organisation. Now is the time to take action.
The financial case
Poor mental health costs employers thousands every year. How much could it be costing you?
The legal case
Employers are legally required to look after workplace mental health – it’s not just a “nice to have”. Are you doing everything required of you to be compliant?
The ethical case
Taking care of your people is the right thing to do.
The Financial Case
According to NICE, mental ill health is costing organisations £835k a year for every 1,000 employees.
It also estimates that 30% of these costs can be saved with some simple steps to improve mental health at work.
Studies have shown that there’s always a positive return on investment (ROI) when spending on mental health initiatives. For every £1 spent, the return varies from +£2.50 to +£10.00.
It’s clear, investing in mental health positively impacts the financial performance of your organisation.
The estimated annual cost per 1,000 employees to organisations through mental ill health at work
Savings gained by taking simple steps
Potential ROI per £1 spent for companies investing in a proactive mental health culture
The Legal case
All employers are required, under the Health & Safety at Work Act and the Equalities Act, to protect employees’ mental health.
Whether work is causing health issues or aggravating it, employers have a legal responsibility to help their employees. Like any other safety or health hazard at work, work-related mental health issues must be assessed to measure levels of risk to staff. Where risk is identified, steps must be taken to remove it or reduce it as far as practically possible.
It’s vital to understand and look after the mental health of your people at work – it’s the law.
Whether work is causing health issues or aggravating it, employers have a legal responsibility to help their employees.
The Ethical Case
Responsible employers take care of their people – because it’s the right thing to do. The best performing organisations value and respect people for the work they do.
Extensive research and studies have shown that happy employees are more productive, more engaged and more creative.
Plus you gain a positive reputation in the recruitment marketplace, you’ll attract and retain talent to your organisation.