When it comes to investing in our businesses, some areas are easier to convert to dollars and cents return on investment.
In a time when many businesses are struggling to attract talent, it’s critical that we invest in the workforce we have. According to JobSage, 28% of surveyed workers left their jobs due to poor mental health.
According to a report from the Canadian Mental Health Association (CMHA), it’s estimated that 12 billion worked days are lost every year to depression and anxiety, costing about $1 trillion US in lost productivity.
According to Occupational Health and Safety Canada Magazine, mental health services cost Canada $50 billion annually, with $20 billion stemming directly from workplace trauma. Deloitte found poor mental health accounts for 30 – 40% of short-term disability claims and 30% of long-term disability claims.
Poor work environments, including discrimination, inequality, excessive workloads, low job control and job insecurity all pose risks to mental health. This all comes on top of stresses from home and more than two years of dealing with a global pandemic.
While mental health struggles happen outside of the work environment, the nature of our place of work being where many of us spend more waking hours than anywhere else means that whether or not the workplace is contributing to the situation, it certainly plays a role in how someone is able to deal with it.
According to the Mental Health Commission of Canada:
Workplaces can play an essential part in maintaining positive mental health. They can give people the opportunity to feel productive and be a strong contributor to employee wellbeing. Yet it can also be a stressful environment that contributes to the rise of mental health problems and illnesses. No workplace is immune from these risks and we cannot afford to limit our definition of occupational health and safety to only the physical.
The CMHA offers a number of workplace mental health solutions for employers across Canada:
Not Myself Today: Through this employee wellness platform, employees can access helpful tips, learning modules and other resources to improve their mental health at work. The platform helps to build an open and supportive workplace by cultivating meaningful conversations and deeper understanding about mental health and wellness in the workplace.
Customized Training: CMHA offers in-person or virtual workshops based on the needs and interests of your employees. From building resilience and managing stress, to returning to work and coping with change, their facilitators can work with you to deliver the right workplace mental health training for your team.
Psychological Health & Safety Courses: Psychological Health & Safety training is designed for individuals who are working to improve psychological health and safety in their workplaces and/or to implement the National Standard of Canada for Psychological Health and Safety in the Workplace.
It’s often easier to see the direct results of investing in skills, training and the physical health of our workforce. But mental health is too big of a deal not to invest in. These investments can lower turnover, increase productivity, and reduce absenteeism. A mentally healthy workplace is not just going to show up, but be there ready to engage, innovate, and help a business thrive.
The Peterborough and the Kawarthas Chamber of Commerce acts as a catalyst to enhance business growth, opportunity, innovation, partnerships and a diverse business community.