The Safer Highways Online Mental Health Summit is now available to watch online. In these challenging times of Coronavirus, the nation’s mental health is under more pressure than ever.
Mental Health should not be a millstone around the necks of employers but instead be something that with effective management can lead to considerable business benefits.
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 Deloitte’s ‘Mental health and employers: refreshing the case for 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.
Kindly sponsored by Morgan Sindall Infrastructure, the online summit also equipped industry leaders of organisations, irrespective of their size, with the tools to effectively manage issues around poor workplace mental health and stress by allowing them to effectively engage with experts. Chaired by Karl Simons, the key take aways from the Online Mental Health Summit:
Liz Hampson and the financial impact of poor mental health of a result of COVID-19;
Dawn Moore, the rise of e-presenteeism during COVID-19;
Catriona Schmolke, the I'm importance of a visible leadership team in supporting workplace mental health during times of crisis;
Glen Ridgway, the importance of robust coping strategies;
Jamie Forsyth, the real time impact of self isolation on an individual suffering with bipolar.