Why Is Financial Wellbeing So Important?
September 6 2018Read more
Unlocking solutions to a growing problemAccording to the Chartered Institute of Personnel & Development, the number of employees that have experienced mental health problems at work has grown from a quarter to a third over the last five years. The mental health charity, Mind recently highlighted that mental health issues are the number one cause of workplace absence. Suffering from poor mental health can impact someone’s career or job prospects and add significant costs to businesses. A recent report from the TUC highlighted that only one in 4 (26.2%) people with a mental illness lasting for 12 months or more are in work, and less than half (45.5%) of people with depression or anxiety lasting more than 12 months are in work. The TUC also raised concerns that employers aren’t making adequate changes in the workplace to enable people with mental illnesses, anxiety or depression to get a job, or stay in work. Mental health problems can often be 'invisible' to others, so a lack of mental health awareness amongst managers and employers could lead to long term absences and at times, the loss of employment. Common mental health disorders are some of the most frequent causes of long-term sickness absence and cost UK employers around £26bn a year in lost productivity, recruitment and absence, according to the Centre for Mental Health. Excerpt from Health Insurance Daily, read the full article here.
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