… commitment of the organisation is needed to create a mentally healthy workplace!
“Chaos in the midst of chaos isn't funny,
but chaos in the midst of order is.”
Steve Martin, American comedian
Constant mental distraction and cognitive overload have a huge negative impact on work performance and wellbeing.
A PwC report about the Australian situation emphasizes the need to create a workplace where staff can be be mentally healthy and productive. Businesses owe it to their staff and also to their business’s profitability, PwC concludes.
PwC calculated a return on investment of 2.3 supporting the mental foundation of vitality.
PwC report Key findings
Mental health conditions present substantial costs to organisations. However, through the successful implementation of an effective action to create a mentally healthy workplace, organisations, on average, can expect a positive return on investment (ROI) of 2.3. That is, for every dollar spent on successfully implementing an appropriate action, there is on average $2.30 in benefits to be gained by the organisation.
These benefits typically take the form of improved productivity, via reduced absenteeism and presenteeism (reduced productivity at work), and lower numbers of compensation claims.
Implementing multiple targeted actions is likely to lead to further increases in ROI, noting that the cumulative benefits of multiple actions will be less than their sum as actions may apply to the same group of employees.
The productivity gains generated from different actions may vary depending on the industry and size of an organisation.
Actions tend to be more effective when implemented in smaller sized organisations because the single most critical success factor is employee participation. This may mean that actions are best implemented on a team or group basis in larger organisations.
In order to achieve a positive ROI, organisations will need to have addressed the critical success factors for change. In particular, implementing one or several actions is unlikely to be effective unless there is leadership and management support for improving the culture and mental health of the workplace.
Source: www.pwc.com.au: Creating a mentally healthy workplace Return on investment analysis
©Katharina Mullen – BeVital.eu