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Mental health? It’s your businessIn the high-pressure environment of the Twenty-First Century workplace, the mental health and wellbeing of your employees is of paramount importance. Today, workplace stress is affecting more people than ever before, and from an entirely commercial perspective, the cost of failing to manage mental health issues is enormous. We all have mental health needs and in any one year, three in ten employees will experience a mental health problem, and stress-related absence, which accounts for half of all sickness from work, has an estimated cost to industry of £4 billion.
But the real cost goes way deeper than the financial bottom line. Failure to prevent and manage workplace stress and other mental health problems can result in a huge loss of talent, skill and human potential. The discrimination and fear that still surrounds mental health only makes matters worse, informing many prejudicial recruitment policies and leading to unfair treatment and dismissal. This means that people in work with mental health problems are not getting the support they need, while people out of work with mental health problems are not being helped back into employment (a vital route to self-esteem, recovery and independence). Either way, given today’s job market, employers are losing out on a vast pool of working talent and experience.
Quote: “Stress is often a symptom of poor employment relations and can seriously affect productivity. Organisations who talk regularly with their employees and have sound systems and procedures in place for dealing with issues like absence and discipline are much more likely to avoid work-related stress and to be able to deal with potentially stressful situations when they arise.”
Advisory Conciliation and Arbitration Service (ACAS)
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