Mental health is a growing concern in the workplace. A report by Mind, the mental health charity in the UK, highlights that addressing mental health through well-being programs can result in a more positive and inclusive work environment, with a 30% decrease in reported mental health-related issues.
The cost of absenteeism due to health-related issues is substantial for businesses. In 2022, poor mental health was the second most used reason for absence behind back related injuries. Implementing well-being support has been proven to reduce absenteeism rates by an average of 15%, leading to lower direct and indirect costs associated with employee absence.
Well-being initiatives contribute to higher levels of job satisfaction, engagement and productivity. Companies that invest in well-being, experience on average, a 20% increase in employee engagement levels as well as finding that a healthy and engaged workforce can be up to 25% more productive.
In a competitive job market, potential employees look for companies that prioritise their well-being. Companies that invest in employee well-being not only retain their current talent but also attract high-calibre professionals seeking a supportive workplace. This can result in a 15% increase in the attraction of top talent.
With issues in mental health costing the economy £118 million in 2022, prioritizing well-being support in our organisations is not only beneficial but essential. These percentages underline the tangible benefits that well-being support can bring to our organisations. Mental health and well-being support is one of the services that I offer at Balance your Brain Ltd with packages from as little as £10 per month (per employee).
If you’d like to explore and implement tailored initiatives that address the unique needs of your workforce, ultimately fostering a healthier, happier, and more productive work environment, please get in touch at info@balanceyourbrain.co.uk I’m happy to chat face to face, online or on the phone.
Finally, may I take this opportunity to wish you a Merry Christmas and a Happy New Year.
Best regards, Jon