If employees are not in the best shape, the customers don’t get served well. [But] a thriving workforce is going to be there every day for you… And it’s the right thing to do to have your teammates ready to do well for themselves and their families.
That’s how Bank of America CEO Brian Moynihan made the business case for workplace mental health at our Workplace Mental Health Action Summit.
In fact, according to a 2022 survey by Willis Towers Watson, 86% of employers now regard workforce mental health as a top concern, but half of employers haven't defined their wellbeing strategy.
Mental illness is the single greatest cause of worker disability worldwide
That’s because our mental health affects how we show up for work—and whether we show up at all:
- Employees who are depressed miss nearly 5 days of work every 3 months, and up to 25 days more per year than other workers.
- Depression also results in 11.5 days of reduced productivity every 3 months, including impaired performance for 1-2 hours of every 8-hour shift.
- 62% of missed work days are attributed to burnout, depression or anxiety.
- For every employee experiencing mental distress, employers incur $15,000 per year in lost productivity, health care costs and turnover.
- 50% of full-time U.S. workers have left a previous job due, at least in part, to mental health reasons.
The good news is, investing in workplace mental health not only improves the lives of your employees, it also makes smart business sense. Employers see a $4 return for every dollar invested in employee mental health support and treatment.
Taking action to address workplace mental health is a clear path to a healthier workforce and a stronger, more resilient business.
Fast track your company's path to improved employee mental health
Click on the link below to download our free guide for how employers can support employee mental health.
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