Absenteeism, presenteeism, stress leave are all hidden productivity blackholes that significantly impact on the productivity, quality and standards of a business. In fact, research done by PricewaterhouseCoopers found that for every dollar a business invests in effective mental health initiatives, it receives an average return of $2.30. If any other product or service would give us this return on investment, we’d jump at it, yet stress management becomes about the survival of the fittest.
Lower Staff Turnover
Supporting those that are recovering from a mental health condition assists them to build self-esteem, confidence, coping skills and promote social inclusion. Equipping people with stress coping skills a work will allow people to build their confidence and better manage challenges. This may mean that they lean less on other staff or senior managers. Those that feel abandoned are more likely to take leave or resign.
Ensuring Ethical & Legal Obligations Are Met
Providing a healthy workplace and have well thought out procedures, ensures that employers are meeting their ethical and legal obligations to protect employee health and safety. The impact on the workforce will result in greater participation which will have the flow-on effect to the wider community, building a stronger, ethical community.
Becoming an Employer of Choice
A happy place to work means happy employees. A business that focuses on healthy work environments is going to build a reputation as a fair and healthy workplace, not only amongst employees but also with clients and customers. Investing in your workforce suggests that your business is focused on quality. Not just in the delivery of service and products but how that is delivered, by well grounded, happy, healthy staff.
Retaining Skills & Experience
A recent Australian study found that on average, someone with untreated depression will need three to four days of additional sick leave each month. By creating positive work environments, staff are more likely to share skills, support others and reduce absenteeism. The skill sets and productivity will increase.
Providing employees with access to independent stress management coaching programme or regular workplace professional development makes good business sense.