Reduced Healthcare Costs
According to a study by the World Health Organization, for every $1 put into scaled-up treatment for common mental disorders, there is a return of $4 in improved health and productivity. This illustrates the direct cost benefits to organizations investing in professional mental health care.
Increased Productivity
The Center for Prevention and Health Services estimates that mental illness and substance abuse issues cost employers between $79 and $105 billion annually in indirect costs, primarily due to lost productivity. Providing mental health support can significantly reduce these costs.
Lower Absenteeism
The American Psychiatric Association reports that employees with unresolved depression experience a 35% reduction in productivity, contributing to absenteeism and reduced work output. Effective mental health interventions can reduce absenteeism rates.
Improved Employee Retention
A study by Mind Share Partners, SAP, and Qualtrics found that employees were more likely to stay longer at a company that supports mental health. This can reduce the high costs associated with employee turnover.
Return on Investment
A report from Deloitte in the UK found an average return of £4.20 for every £1 spent on mental health interventions. Higher returns were noted for proactive interventions, such as organizational culture change and mental health training for managers.
Enhanced Employee Engagement
According to Gallup, workers who are engaged and thriving in their overall well-being are more resilient than those who are not engaged or are struggling. This can lead to a 21% increase in profitability.
Decreased Disability Claims
Mental health conditions are one of the leading causes of disability worldwide. Effective mental health programs can help in reducing the incidence and impact of mental health-related disability claims.