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Figures revealing the state of our mental health have been unfortunate. Nearly 1 in 5 US adults or 18.5% suffer from a mental illness annually. That’s just the overall outlook though. The picture of workplace mental health is equally miserable. About 1 in 6.8 people have a psychiatric concern in his workplace.
So, if you feel stress-busted or you can see anxiety tapping on your work window, then you are not alone. The 2016 Work and Well-Being Survey confirms that 1 employee in 3 feels chronically stressed at work. The same survey also reveals that less than half of the US employees claim that their company supports their mental wellness.
Lots of us also give up their vacation for the sake of work. No wonder, Project: Time Off’s report indicates that roughly half of the employees identify themselves as work martyrs. This is all just messed up though. Excess workload sips one’s mental energy and impacts productivity, setting the need for paying attention to mental well-being.
Here is an in-depth look at ten reasons why employers should pay attention to their employees’ mental health:
- Sips employee productivity
Research highlights that psychological pressure and unhappiness in the workplace correlates with reduced productivity. A study found out that the association between depression and lessened productivity lasted for around two years. The study also dug out that merry employees showed an incline in their productivity between 12% to 20%.
Dr. Daniel Sgroi, the author of the investigation, suggested, “Having scientific support for generating happiness-productivity cycles within the workforce should … help managers to justify work-practices aimed at boosting happiness on productivity grounds.”
- Reduces organizational losses
The Center for Diseases Control and Prevention estimates that depression costs 200 million lost days at work in the US. On an individual employee’s level, depression accounts for 4.8 missed work days in a 3-month period. During the same time, there are 11.5 days of declined productivity. This accounts to nearly $17 to $44 billion in lost productivity.
Moreover, a recent WHO report declares that anxiety and depression together result in a loss of USD 1 trillion in the country annually. Unemployment is a typical risk factor for psychiatric problems. Good news is that every dollar put into improving mental health yields an economic return of $4.
- Retains more employees
The present generation of millennials comprehends the significance of wellness at work. They want a meaningful career. Thus, they aren’t willing to compromise with how fat a paycheck is. Research also outlines that millennials seek jobs that are fulfilling.
Hence, it is critical for a company to look after the health wellbeing of their employees including their mental wellness. There should be enough space for employees to have a Braintest, rest, and take care of their psychiatric health.
- Increases job contentment
Extensive research indicates that there is a strong bond between mental health initiatives and job satisfaction. Simply put, a company that cares about its workers’ mental well-being will earn positive points in the employees’ view. Consequently, such measures snowball job satisfaction.
Furthermore, a study points out that the more severe a psychological distress is, the more negatively it impacts job satisfaction. Some inspiration can be gained from the popular example of Madalyn Parker, a web developer, who emailed her boss for taking a mental health leave. She got a supportive response, which garnered much praise.
- Swells employee engagement
An organization that pays adequate attention to the mental well-being of its employees can generate higher employee engagement. For one, the employees feel valued, which is why they end up being more dedicated to their company.
Secondly, a mentally healthy person that does not falter under the weight of stress, anxiety, or so is able to give better to the company. Such employee engagement makes for all the success or failure of a workplace. In fact, companies with highly engaged workers showcase a revenue growth that is 2.3 times greater than organizations with average engagement.
- Increases organizational performance
Ballooned employee engagement, increased productivity, greater employee retention, and better job satisfaction are some key factors that result in improved organizational performance. If viewed separately, each of these aspects contributes to better performance on the part of the employees.
On top of that, each of these is also directly linked with mental well-being. Therefore, as employers take steps for improved employee psychological wellness, the organization performance rockets. Such initiatives for improved mental health also strengthen workplace trust and increases the employees’ sense of belonging. All these measures boost organizational performance.
- Creates a good environment
It is also essential for employers to care about their employees’ mental health to promote an overall positive work environment. It makes employees feel less isolated. Such psychological health initiative also attracts talent and encourages employee engagement.
A poor work environment is a buzzkill for workers’ creativity. It drains the employees’ sense of belonging to the organization as well. Therefore, it is critical to promote employee wellness, as it takes the work stress and burdens off of the workers’ shoulder.
- Cultivates an excellent work culture
As per CareerBuilder, 61% of the employees complain about feeling “burned out” at work. Thus, when employers root out the cause of workplace stress and work to eliminate it, they can develop an excellent work culture.
Cultivating a workplace environment that nurtures psychological wellbeing syncs with increased employee engagement, job satisfaction, and employee retention. 54% of professionals also report that such workplace wellness programs boost employee morale. The bottom line is enhanced organizational performance.
- Lessens the impact of mental health concerns
Psychiatric ailments do not calm down if they are pushed to the backburner. Instead, these grow to culminate in serious mental health concerns. For instance, research indicates that chronic stress amps up the risk of developing Alzheimer’s disease.
After all, nobody wants the mental issues to aggravate and develop into serious psychiatrist illnesses such as mixed dementia. Therefore, employers that support psychiatric wellbeing can help employees with mental health symptoms to recover. This will help reduce the employee’s suffering and improve his performance at work.
- Declines absenteeism
Organizations also need to care about the mental wellbeing of their employees to cut down the rate of absenteeism. In a survey, 35% of the participants confessed that they missed 3-5 days monthly due to workplace stress. Another report confirms that approximately $16.6 billion is lost every year due to absenteeism owing to mental health concerns in Canada.
Subsequently, organizations can save themselves from the loss incurred by absent employees by promoting mental well-being.
Wrap up thoughts
There is a severe need for employers to concentrate on employee mental wellbeing. This is not only essential for the health and wellness of the workers, but it is crucial for organizations too. Measures to improve psychiatric health help retain more employees, improve employee engagement and reduce unproductivity.
All these factors enhance organizational performance as well. Consequently, it will help generate better revenue, nurture a positive work culture that, in turn, will attract more talent.