We know that stress is a major component affecting employees in both their work and personal lives. The impacts of stress expand far beyond mental health and physical health. It also has a measurable impact on the bottom line when looking at productivity loss, work errors, and absenteeism.
A report by Captia found that 79% of workers have experienced stress at work over the past year. Almost half of workers have considered leaving their job due to stress.
To what extent is stress and mental health impacting your company’s bottom line?
According to The Impact of Depression at Work Audit (IDeA), depression is costing employers $44 billion annually.The estimated cost of depression and anxiety to the global economy is $1 trillion per year in lost productivity.
According to the World Health Organization, workplaces that promote mental health and support people with mental disorders are more likely to reduce absenteeism, increase productivity, and benefit from associated economic gains. For every $1 put into scaled up treatment for common mental disorders, the estimated return is $4 in improved health and productivity.
Businesses are realizing that addressing mental wellness and creating a positive work environment that reduces stress positively impacts business performance and employee retention. Meditation and mindfulness programs are growing in popularity as an effective option for managing stress, as well as, making counseling services more accessible to employees.
53% of employers are expected to invest more in mindfulness and meditation programs aimed at stress reduction according to Wellable’s 2019 Employee Wellness Industry Trends Report.
Companies like JOY Undiluted are building comprehensive wellness programs all within the convenience of an app making mental wellness programs more accessible than ever.
take the next step on your journey to more joy.