Mental well-being a contributing factor to job loss
Published by: LifeWorks,
Furthermore, Mind says around 300,000 people lose their job each year due to a mental health problem. In countries like the UK, where public and national health services are available, this puts more pressure on an NHS already under severe strain.
We believe employers have a duty of care. Not just to their people, but to their shareholders and national economies, to invest in their employee’s total well-being and help people build resilience and sustain their mental, physical, social and financial wellness.
Initiatives only covering one aspect of wellness, while a step in the right direction, aren’t enough. Total well-being consists of four pillars: physical, mental, social and financial, all of which rely heavily on each other for support. You cannot impact one without impacting the others – both positively and negatively. For example, we know that the most common mental health issues among employees are general anxiety or depression and the average spell of clinical depression, if left entirely untreated, can last around eight months. In that time, what started as a mental health issue can have repercussions on a person’s social, physical and financial well-being.
To be fair, many organizations do offer support through an Employee Assistance Program (EAP). But traditionally, employee well-being support has been reactive. An EAP is an effective model but this solution will only reach 5-10% of your people at any one time and will likely only serve employees who are at crisis point. Often, these initiatives also suffer from poor adoption because people don’t understand the features available to them and in some case might not even know of their existence.
With a tech-driven approach, it’s possible to move well-being into the palm of the worker’s hand and give them personal control over support topics that are relevant to them. By extending access to well-being support via mobile technology, this also means businesses can support 100% of their people 100% of the time. This enables them to build a more resilient workforce that’s not just proactive about maintaining their mental, physical, financial and social well-being but is also more engaged, more loyal and more productive.
For all the organizations out there that say it’s their people that make the difference, they really do. But the health of an organization is highly dependent on the well-being of its people and what Mind has revealed is that companies that don’t support employee well-being are at risk of losing talent.