Passion might be what starts a lot of companies. ROI and KPIs are what drives them. We get it. Especially in times like these, it is essential to understand what we get out of our investments.
We also get that when we talk about “mental health,” we often think of” feelings and emotions,” which can make it uncomfortable and difficult to grasp and organise in neat little numbered boxes.
While mental health support in the workplace has moved from “nice to have” to “must have,” the need for concrete insights remains.
The privacy smokescreen
Let’s address the elephant in the room immediately: privacy.
The privacy concern is a popular argument for many insurance providers, claiming that this “delicate data” cannot be shared.
We at Siffi are not afraid to talk numbers. We, of course, understand and highly respect our users’ privacy. We are simply perfectly able to share relevant data with our clients.
We find it essential to show the real impact of mental health on companies’ productivity, and we help them use that data to become better.
According to the World Health Organisation, over 50% of the world population works. Among these 50%, 15% live with a mental disorder.
If we base our calculation on the 2022 figure of the world population, that means about 592 million people could be estimated to have a mental health disorder worldwide.
That is 1 in 13 people worldwide, working or not. If we go back to our working population, over 1 in 6 suffers from most likely depression, stress, or anxiety.
Consequently, chances are high that people on your team are suffering from some kind of mental health issue right now. You included.
12 billion working days are lost every year due to depression and anxiety alone.
That is estimated to be 1 trillion dollars lost in productivity per year.
12 billion, 1 trillion… We don’t know about you, but those numbers are so large that it is hard to grasp them. Let’s scale it down to a hypothetical company of 1000 employees.
If 12 billion working days are lost globally, out of 3.95 billion working people worldwide, that would be an average of 3 days per working person per year lost due to anxiety and depression and a loss of 250 dollars per person.
That is over 3000 working days lost for the 100-employee company, equaling more than 250,000 dollars lost annually.
Now those numbers are quite telling.
In the UK 61% of employees have left a job or considering leaving a job because of poor mental health.
Employees are giving much more thought and weight to those topics, and it is not all about salary, bonuses, corner offices, and other material perks anymore.
Indeed, according to the 2023 American Psychological Association Work in America survey, 92 percent of workers said it’s important to them to work for an organization that provides support for employee mental health. People have realised in the past few years that true job satisfaction does not only lie with monetary gain but also with personal growth, and companies need to keep up with that shift to stay relevant and continue to attract and keep talent.
People take more time off to recover from mental health issues than from other health issues.
It is so obvious that we should have health insurance and in-house policies in place at work to avoid any accident that could cause a broken limb or a concussion and lead to sick leave and long recovery, translating into days off . Indeed, research from 2023 by PWC shows that poor mental health is the main cause of long-term sick leave in the workplace. And yet somehow, we struggle to put the same amount of effort into preventing mental health issues that can just as well find their roots in the workplace and, according to studies, take longer to recover from.
That is why it is so essential to cultivate a stigma-free company culture when it comes to mental health. Something that cannot be “one size fits all” but needs to be adapted to each company through training, workshops, surveys, and data gathering.
By leading by example, implementing the right policies, educating and training managers and employees, encouraging open communication and work-life balance, but also by normalizing self-care, providing resources, and making sure to constantly monitor and adapt.
The key role of training your teams
Only 13% of employees feel comfortable discussing mental health at work
That means a staggering 87%, if we go back to our 1000 employees’ company, that is 870, who feel uncomfortable discussing how they feel at work.
Now that we know how relevant that is for the overall well-being of the company, that is something we would want to improve as a team.
Expecting your employees to come forward and volunteer personal information without any effort from the company is unrealistic.
Through mental health awareness programs, training for managers teaches how to practice active listening and normalizing conversations around personal experiences and emotions, have regular checks, and celebrate vulnerability.
This is a process that does not happen overnight and needs attention and tailored calibration through regular “pulse taking” with surveys and one-on-one.
Up to 75 % of employees would benefit from mild mental health activities in their organisation
According to McKinsey, 75 percent of all employees need some support to foster their mental health, such as resilience training, wellness programs, or community boosters.
24 of every 100 employees require moderate support, counseling, or peer support programs, while 1% of employees would need serious support and treatment.
What is interesting to note in McKinsey’s research is that employees move back and forth between these groups throughout their lives.
This demonstrates the importance of designing inclusive measures to address the needs of at least 75% of employees. Indeed, prioritising comprehensive mental health approaches for the majority’s benefit together with the right partner is not only the right way; it also prevents dealing with hard consequences later.
A 3rd of managers feel out of their depth supporting their team with mental health concerns
Which is completely understandable but does not have to be irreversible.
What we do not know tends to scare us. The good news is that knowing how to handle conversations around mental health in the workplace is something that can be learned and practiced.
This is where we at Siffi can support your entire company with leadership training and put in place good practices to improve company culture.
Beyond diagnoses and providing counseling our goal is to help create the right environment where employees feel respected, supported, and encouraged to seek help when needed.
We do that by working together with the whole company to create a safe environment by raising awareness, providing resources, and teaching managers and leaders to lead by example and initiate open dialogue.
Making changes for 2024
The last few years (especially post-Covid) have seen a paradigm shift when it comes to employee benefits. With the ever-more intertwined professional and personal lives, employees have started to place their (and their families’) well-being above monetary perks.
- 12% said lack of knowledge
- 11% said lack of support
- 9% said finances
This only comforts us in the fact that raising awareness and support within the workplace is essential. Keep in mind that starting to build a mental health culture in the organisation is never too late. It does take more effort than “just” rolling out a “benefit”, but it also has a clear impact on the company overall.
With the right partners and through tools that are easily accessible to all whether it is in terms of cost, user-friendliness, and understandability, you can quickly achieve significant results.
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