MENTAL HEALTH IN BUSINESS: WHY PRIORITIZING EMPLOYEE WELLBEING LEADS TO SUCCESS
“When you change one thing, you have the ability to change EVERYTHING.”
THE IMPORTANCE OF EMPLOYEE MENTAL HEALTH
Employee mental health is crucial to both individual well-being and organizational success. Studies have consistently shown that employees in good mental health are more productive, engaged, and dedicated to their work. They are also less likely to take sick leave or miss work due to stress-related issues, which can lead to significant financial losses for companies.
When businesses prioritize mental health, employees benefit personally as well. Those working in supportive environments report greater happiness, higher job satisfaction, and stronger connections with their coworkers.
According to the World Health Organization, depression and anxiety disorders cost the global economy over $1 trillion annually in lost productivity. Similarly, research from the American Institute of Stress reveals that workplace stress costs U.S. businesses up to $300 billion each year.
A survey by the American Psychological Association found that 75% of American workers experience work-related stress, with nearly half reporting an increase in stress over the past year.
Before the pandemic, approximately 970 million people worldwide lived with a mental health disorder. Now, that number has increased by 25%, based on reported data.
HOW MANY PEOPLE ARE SUFFERING WITHOUT SUPPORT?
Additionally, only 10% of employees seek mental health support. Depression and anxiety contribute to an estimated 12 billion lost workdays annually, resulting in a staggering $1 trillion in lost productivity each year (WHO 2022).
GOING BEYOND EMPLOYEE ASSISTANT PROGRAMS
Employee Assistance Programs (EAPs) are designed to provide short-term, solution-focused counseling for specific issues. However, they typically do not include coaching, and if they do, it often comes at the employee’s expense. EAPs also tend to avoid supporting emotional issues such as grief, as they are not considered “solution-based,” leaving individuals in need of support often directed elsewhere.
Moreover, employee mental health support has a direct impact on company performance. The cost of employee turnover is roughly two-thirds of their salary. Notably, 63% of MYNDUP users report they would consider quitting their jobs if it weren’t for the support they receive through the app.
HOW EMPLOYEES CAN PRIORITIZE MENTAL HEALTH
Employers have a key role in fostering a supportive work environment that prioritizes employee mental health. Here are a few ways employers can take action:
- Encourage work-life balance by promoting time off and offering flexible work options.
- Build a supportive workplace culture where open communication is valued and employees feel comfortable seeking help if needed.
- Offer a range of mental health resources, including Employee Assistance Programs, health and wellness stipends, or access to comprehensive mental health apps that provide support.
- Train managers and supervisors to recognize and address mental health concerns effectively.
- Integrate mental health into workplace wellness programs and initiatives.
Focusing on employee mental health is vital for both personal well-being and business success. Employers who prioritize mental health will see increased productivity, engagement, and overall employee satisfaction. By taking steps to support mental health, employers can create a healthier, more productive workplace for everyone.
HOW MCIVOR MAREKTING PRIORITIZES MENTAL HEALTH
At McIvor Marketing, we recognize the importance of mental health in fostering a productive and supportive work environment. We prioritize the well-being of our team by offering mental health days, ensuring that everyone has the space to recharge when needed. Additionally, we’ve brought on a certified mental health coach to provide guidance and resources for managing stress and maintaining a healthy work-life balance. We are committed to teaching mental health best practices to our team so they can navigate their professional and personal lives with greater ease and fulfillment. By investing in our team’s mental well-being, we create a stronger, more resilient workplace.
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