Mental Health: Why You Must Take Steps to Support Your Employees' Wellbeing
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Mental Health: Why You Must Take Steps to Support Your Employees' Wellbeing
In 2018, a manager at one of the top three audit firms in the country died of an apparent suicide after falling off the 17th floor of the company’s building. Piecing his last moments alive revealed a trail of work-related stress and a man who was broken long before he fell to his death.
Mental health has long been a taboo subject in the workplace, often pushed aside or ignored in favour of productivity and bottom-line profits. However, the reality is that mental health issues can have a devastating impact on both employees and the company as a whole.
According to the World Health Organization, depression and anxiety alone cost the global economy an estimated $1 trillion in lost productivity each year. Suicide is the second leading cause of death among individuals aged 15-29 years, and research shows that it is a particular risk for those in high-stress professions. In the police force, it is estimated that 50 police officers commit suicide every year. This is a clear indication that employers must take action to prioritize mental health in the workplace. The cost of inaction is too high, and the impact on individuals and their families can be life changing.
As an employer, it is your responsibility to create a safe and healthy work environment that prioritizes mental health and wellbeing. This not only benefits your employees but also boosts productivity, reduces absenteeism, and improves overall morale.
Here is the importance of prioritizing mental health in the workplace and actionable steps that you can take to create a mentally healthy work environment.
Improved employee wellbeing and productivity
Employees who feel supported and valued in their workplace are likely to experience better mental health outcomes. This can lead to reduced stress levels, increased job satisfaction, and improved productivity. When employees feel that their mental health is a priority, they are more likely to feel motivated and engaged in their work, leading to better performance and increased productivity.
Reduced absenteeism and presenteeism
Mental health issues are a leading cause of absenteeism and presenteeism in the workplace. Employees who are struggling with their mental health are more likely to take time off work or come to work but not be fully present, leading to decreased productivity and lower quality of work. By prioritizing mental health in the workplace, employers can create a culture that promotes openness and support for mental health issues. This can lead to employees feeling more comfortable seeking help when they need it, reducing the risk of absenteeism and presenteeism.
Improved staff retention rates
High staff turnover rates can be costly for businesses. When employees feel unsupported and undervalued, they are more likely to leave their job in search of better opportunities. By prioritizing mental health in the workplace, employers can create a supportive environment that fosters a sense of loyalty and commitment among employees. This can lead to improved staff retention rates, saving the business time and money in the long run.
Enhanced corporate reputation
Businesses that prioritize mental health are viewed more positively by both employees and the wider community. A positive reputation can attract high-quality candidates, which can be beneficial in a competitive job market. Additionally, promoting mental health in the workplace can help businesses to demonstrate their commitment to social responsibility and employee wellbeing, which can help to bring in more business.
Improved overall business performance
By promoting employee wellbeing, you can create a culture of positivity and productivity that can lead to improved business outcomes. Moreover, businesses that prioritize mental health are more likely to attract and retain employees, which can lead to improved business performance.
Prioritizing mental health in the workplace is not just the right thing to do for your employees, but it also makes good business sense. It can lead to increased productivity, improved morale, and reduced absenteeism and turnover rates. Mental health is an essential component of overall well-being, and neglecting it can have serious consequences for both the employee and the organization.
As an employer, it's important to create a supportive work environment that fosters open communication, provides access to resources and such as educational workshops and paid time off, providing employee assistance programs, and creating a culture that values and supports mental health.
Investing in mental health in the workplace may require some effort and resources, but the benefits are well worth it. It can lead to a happier, healthier, and more productive workforce, and ultimately, a more successful organization. As an employer, you have the power to make a positive impact on your employees' lives and create a workplace culture that prioritizes mental health.
This is a very timely article considering not many companies are keen on their employees' mental well being. Thank Talent Nexus for sharing.