You want ROI, read this
For every $1 workplaces invest in effective mental health strategies they will receive a return of $2.30, according to a new PwC report.
The report says mental health conditions affected productivity, participation and compensation claims to the tune of $10.9 billion a year.
“One in five Australian workers are experiencing mental health conditions such as depression and anxiety right now, but sadly too many workplaces still do not realise the importance of their employees’ mental health,” beyondblue Chairman The Hon. Jeff Kennett AC said in a media statement.
“This report shows that employers have a responsibility not only to their workers, but also to their businesses’ profitability, to tackle these conditions at work.”
PwC partner Jeremy Thorpe said small business often benefited the most from introducing mental health initiatives. “For example, small mining businesses that invest in effective mental health programs receive an average return on investment (ROI) of 15, meaning they get $15 out of every $1 they spend. Small essential service providers receive an average ROI of 14.5,” Thorpe said in a media statement.
For more detail, visit the report.
Published on 22 May 2014 in NSCA Safe-T-Bulletin.