How much is mental health costing your business

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Recent research by Deloitte in the UK found:

· One in six working-age adults have symptoms of mental ill health at any given time

· 72 million working days are lost each year as a direct result of mental ill health

· Mental health costs employers £45 billion per year (a rise of 16% between 2017 and 2020) – a weighted average cost of around £1,700 per employee

· 70–75% of people with diagnosable mental illness receive no treatment at all

As these figures continue to rise in a post-Covid-19 world, good employers recognise that mental health is an urgent challenge that needs a serious solution. Conditions such as depression, anxiety, bipolar, OCD and PTSD are diagnosable mental illnesses that limit people’s ability to be engaged and productive at work. 

Evidence shows that the longer they go untreated, the longer the road to recovery, and the greater the costs through absenteeism and presenteeism (attending work despite poor mental health and so underperforming.)