This year 1 in 5 adults will experience diagnosable mental illness, more than half of those individuals will go untreated. The foundation of an effective workplace is respecting and treating mental illness like any other medical illness.
In the U.S., mental health and substance use costs businesses $80-100 billion each year, and depression and anxiety an estimated $1 trillion annually in lost productivity.
The good news is treatment does work and its cost-effective. When employees receive effective treatment, the results are lower medical costs, lower absenteeism, and increased productivity.
Investing in a mentally healthy workforce is good for your business, and the bottom line, your employees are your business’s greatest asset.
The reality is that improving access to mental health care and reducing the stigma attached to it, can help lower overall costs for employers and employees by virtue of better health outcomes in the long run. It will also lead to a happier, more engaged, and more productive workforce.