Mental Health in the Workplace Calculator

200

of your employees are experiencing a mental health challenge.

5,400

Days are lost every year due to employee depression. Your team’s mental health affects your bottom lines.

$1,269,000

Dollars are wasted yearly due to decreased employee productivity, based on an average salary of $61K.

250

are not telling you they’re struggling.

520

believe more should be done to promote employee health.

*** SOURCES: National Institute of Mental Health, Bustle, Harvard Health Publishing – Harvard Medical School, Anxiety and Depression Association of America

Investing in employee mental health is good business.

A Growing Problem:

  • ‘Always-on’ culture creates always off work/life balance.
  • Prior to COVID and the current social climate, an estimated 40 million Americans live with anxiety, and mood disorders are becoming more prevalent in young adults.
  • Each day, stress causes one million workers in the U.S. to be absent from work
  • 12.7% of Americans over the age of 12 are taking antidepressants—and antidepressant drug use is up 65% over the past 15 years
  • An estimated 40 million Americans live with anxiety, and mood disorders are becoming more prevalent in young adult
  • 16 million Americans are affected by depression, and it’s estimated that 50% of sufferers are untreated

A Mounting Cost:

  • Stress and burnout aren’t just unwelcome: they’re expensive.
  • Depression is the leading cause of disability worldwide. In 2019, studies estimated that depression affected more than 16 million Americans costing the U.S. economy $210.5 billion per year in absenteeism, reduced productivity, and medical costs.
  • Stress-related illnesses cost U.S. businesses nearly $200 billion each year—and result in almost $300 billion in lost productivity
  • Depression is the leading cause of disability worldwide.
  • It’s estimated that depression in the workplace costs employers $44 billion annually
  • Depression and anxiety disorders cost the global economy $1 trillion each year in lost productivity.
  • U.S. expenditure on mental health services will reach $238 billion in 2020.¹
  • Mental Illness Will Cost the World $16 USD Trillion by 2030³
  • Depression affects more than 16 million Americans costing the U.S. economy $210.5 billion per year in absenteeism, reduced productivity and medical costs.²

A Smart Solution:

  • Happy, healthy minds are your business’ best asset.
  • Each dollar of investment in treatment for depression and anxiety leads to a return of $4 in better health and work performance—a 400% ROI.
  • Employees at companies who support wellness feel 53% motivated than employees without that benefit.
  • 63% of employees surveyed rated work-life balance as “very important” (compared to 44% who cited “salary” as their top factor)
  • A set of offices surveyed found that engaged employees were 43% more productive, and generated an average of $72,000 more than non-engaged ones.
  • Each dollar of investment in treatment for depression and anxiety leads to a return of $4 in better health and work performance—a 400% ROI

[1] World Health Organization (WHO), 2020 Report

[2] American Psychiatric Foundation, Center for Workplace Mental Health

[3] Psychiatrictimes.com

Treating depression alone costs $110 billion annually, and half of that cost is shouldered by employers

Mental health expenses jumped by more than 10% annually since 2014

68% of employees worry that reaching out about a mental health issue could negatively impact their job security

SOURCE: Aetna Behavioral Health – Mental Illness in the Workplace

https://www.shrm.org/hr-today/news/all-things-work/pages/mental-illness-and-the-workplace.aspx