Estimated Cost Of Mental Illness To NSW Business = $2.8 Billion P.A.

We all think “it will never happen to me” but the reality is bad things happen every day. It’s the same with mental illness in the workplace. With 45% of Australians experiencing mental illness in their lifetime, there is almost a 1 in 2 chance that it could be you, someone you work with or employ.

In fact, nearly 1 in 6 Australian workers are experiencing mental ill-health right now, according to research conducted by UTS and the University of NSW.

Their research found mental ill-health costs NSW employers an estimated $2.8 billion every year!

With these numbers, it’s in everyone’s best interests to create mentally healthy workplaces that support those who are struggling. So how do you do it?

Tip 1 – Actively Cultivate A Happy And Harmonious Workplace

Recognise and acknowledge when your staff are doing great work and show your appreciation for their efforts. It isn’t hard or expensive to do. You simply need to remember to do it.

Tip 2 – Promote Mental Health And Well-Being At Work

Talk to workers to identify any factors that are making them feel uncomfortable, nervous or impacting their mental health. Then take action. Even simple things like stepping in when a worker is dealing with an extremely difficult customer can help. Ensure prompt action is taken when dealing with serious complaints such as bullying, intimidation or harassment.

Tip 3 – Introduce Or Revise Your Workplace Training

When you don’t know how to do your job, every task becomes stressful. Even if you only employ a few people, it’s important to provide them with the information, tools and training they need. Knowing how to do your work well will lead to happier, more confident and productive workers so it’s a worthwhile investment for your business.

Tip 4 – Provide A Supportive Environment And Offer Help As Early As Possible

There is a range of support services you and your staff can access. Many are free or inexpensive. In addition, showing compassion, empathy and providing a safe place for workers to discuss their situation can provide enormous support.

Tip 5 – Positive Actions Create Positive Results

Workers who access support services early, typically experience better mental health outcomes and reduced absenteeism. This provides positive benefits to any business. In fact, the research conducted by UTS and the University of Sydney found that for every $1 invested in creating a mentally healthy workplace, businesses received an ROI of up to $4. This return included improved productivity and savings from workers compensation claims.

Starting The Conversation

It can be difficult to know where to start or how much work needs to be done. But that’s where the team at End2End Business Solutions can help. They are experienced in identifying areas of concern and offering simple ways to rectify the situation.

They can also guide you on what to do if you have a worker who appears to have a mental health issue.

It starts with one conversation. So if you are ready to create a healthier workplace, call End2End on 02 8977 4002.