MENTAL HEALTH SUMMIT
Mental health shouldn’t be seen as a cost but an investment by employers who need to consider it a priority in the boardroom. This is one of the messages to come from this year’s Mental Health Summit, organised by Safer Highways and due to take place on June 23rd at the London Transport Museum.
Other subjects to be explored on the day include managing workplace stress and dealing with absenteeism and presenteeism as well as a guide to employers’ obligations in how to manage mental health.
Almost two and a half years on from the publishing of the Government’s Thriving at Work report by Lord Dennis Stevenson and Paul Farmer, OBE, new research by Deloitte finds that poor mental health costs UK employers up to £45 billion each year. This is a rise of 16% since 2016 - an extra £6 billion a year.
The research also looks at how employers can tackle this problem, finding that it pays to support employees’ mental health. On average, for every £1 spent on supporting their people’s mental health, employers get £5 back on their investment in reduced presenteeism, absenteeism and staff turnover.
Analysis from Mental health and employers: the case for refreshing investment, also looks at how employers can tackle this problem. It shows that higher return on investment can be achieved by early interventions, such as organisation-wide culture change and education, than more in-depth support that may be needed at a later stage when a person is struggling.
A speaker at the Summit, Rebecca George OBE, Deloitte vice chair and UK public sector leader said, “As our ways of working evolve, so do expectations of employers about how we should support our people. This analysis shows very clearly that it pays for employers to provide mental health support at work and that early intervention is vital, for those experiencing poor mental health and employers alike.”
The latest research builds on work conducted by Deloitte in 2017 for the Stevenson-Farmer Review on workplace mental health, which calculated that poor mental health cost UK employers £33-42 billion a year.
Serving as the launch for the 2020 Thriving at work survey and to be held on 23rd June 2020, at the London Transport Museum this year’s Safer Highways Mental Health Summit will provide employers with information around the compelling financial case for better management of Workplace Mental health.
It will also equip industry leaders of organisations, irrespective of their size, with the tools to effectively manage issues around poor workplace mental health and stress.
Who should attend:
Senior leaders from within the industry with a vested financial interest in the better management of the workforce, including Managing Directors, HR Directors, Health and Safety Professionals and anyone with a responsibility for managing people, are all expected to attend the event in June. This should include private sector contractors and consultants, national and local highways and transport organisations, local authorities and any other company working directly or indirectly within the highways and transport sector.
Kevin Robinson, Chief Executive Officer said: “The Mental Health Summit 2020 will once again provide delegates with the very latest thinking, information and opinion on how individuals and organisations are tackling mental health and improving the lives of everyone involved in the sector for the better. I am very proud that Safer Highways are organising this important event again and I am looking forward to providing a platform for engagement for this crucial subject.”
The Mental Health Summit 2020, forms part of Safer Highways’ Road to Wellbeing programme, which includes the Thriving at Work Survey.