Workplace Mental Health Programs are beneficial to the companies. If you’re a business strategist, employer, or HR manager, you know that the best asset for your business is the people whatever industry you belong to. However, there are vague or little info about workplace mental health. The good news is that a lot of companies are now investing in mental health because of its benefits. For companies, we need to have a significant return of investment (ROI) when we invest the business money. One of the best investments that companies can make is to invest in workplace mental health programs.
We know that workplaces are avenues of productivity and of human collaboration. We also acknowledge that when there is workplace progress, then there must be workplace stress. One of the goals of workplace mental health programs is to ensure that the stressors at work will be manageable. These may not be limited to workplace-induced stress but personal life stress (family problem, interpersonal challenges, financial burdens, etc) that are brought to work. They can affect workplace productivity and performance in mild, moderate to severe measures. In this blog, we’ll tackle the ROI, statistics and the benefits of getting workplace mental health programs in your company.
The ROI: Will We Get Our Investment’s Worth?
According to the former CEO of Ford, James Hackett, that workplace mental health issues has cost companies around the globe a hefty amount of $925 billion loss of productivity due to depression alone. This is data gathered from 36 countries. The estimated cost is equal to 50 million years of work. Ford knew that mental health has long been an overlooked issue among most industries. They also knew that workplace mental health neglect is also a societal problem as society promotes “more work, less me time”:
With this, they launched a campaign called Ford Elephant In Transit as it is becoming more awakened to mental health challenges in the workplace. According to its Marketing Director, Lisa Brankin, Ford UK is launching this campaign ad to send a powerful message to people that encourages them to talk about mental health. Ford UK has their own research that discovered 56% of their respondents say that meaningful, mental health-related topics are opened up inside cars or vehicles. That is more than the percentage of respondents (53%) that said that they start conversations inside cars or vehicles.
It’s not just Ford who is now actively investing in mental health. There are other businesses that are implementing workplace mental health programs such as mental health days, app integrations, four-day work weeks, counselling, team get-togethers, and many more wellbeing activities. Because more employees are affected with workplace-induced stress due to heavy workload or unhealthy connection with colleagues, it’s best that businesses equip their most trainable asset which is their people. Some businesses would even go far to provide individual counselling to their employees if they have non work-related life stressors. In fact, seven Canadian companies in one study have gained a median yearly ROI of CA$2.18.
90% of employers are now investing in mental health care more than ever. In this pandemic, they’ve seen the struggles of hybrid workforce set-up. Other than that, the rate of depression also rose up thrice the normal amount. With research being done, they’ve made evidence-based decisions to implement workplace mental health programs that can be done remotely and onsite. 76% of employers are increasing their investment on mental health wellbeing programs focusing on stress management and resilience. 71% of employers are investing on mindfulness and mediation topics and practices for their employees.
The Benefits of Investing in Workplace Mental Health Program
As an employer, you would weigh the benefits or also known as the ROI when it comes to investing for the company. The good thing is that mental health investments yield a high ROI at less cost given that it’s properly designed for your workplace. You can select a good mental health service provider for your company.
They yield the most ROI than the other lifestyle management investments. So check out the benefits here:
- Case Management Implementation
When it comes to case management in the workplace, it’s delving deep about what causes absenteeism, poor performance, less productivity and etc. Mental health programs centering in case management can produce strategies to counter these challenges. To do this, they will need to gather self-report health and employee satisfaction assessments to determine the steps to take.
- Stress Management and Meditation
All types of workplaces have some amount of stress. But not all employees will be able to handle stress the same way as the other. That’s why mental health programs in the workplace usually have stress management talks and webinars so they could equip every employee once they are stressed. Meditation also helps calm down a person and increase self-awareness. These two programs yield a sixty-fold return on the initial investment.
- Equipping The Management
The employers play a huge part in ensuring a healthy workplace and high productivity among employees. When crisis hits, mental health trainings can help them control and run the company even with the rukus. Team leads are usually the ones in training for this. This yields an ROI of 10 times the initial investment.
Why Choose MPsych Services: Your Mental Health Partner
MPsych Services offer mental health trainings and other programs to improve mental health in the workplace. Because we know that the best asset of a company is not its own product nor services, but its people.
MPsych Services follow the business model: assess, train, and sustain. Know the following below:
Assess – MPsych Services have a commitment to assess your workplace and your employees in terms of the current policies, employee retention and satisfaction. There are various tools to be administered when assessing a workplace. For the employees, individual tests may be administered to further determine their job satisfaction and mental health status. The assessment results will tell the MPsych team what is the action plan to incorporate best in your workplace.
Train – MPsych Services will gather your company managers and regular employees to train them on how to manage and sustain a mental health-friendly workplace. Training your assets will also make them resilient to crisis and their individual mental health concerns. Teaching them about mental health awareness will also increase their knowledge of their right to have a fair and just workplace condition. Employees of your company will also tend to be more confident, collaborative, and cooperative with co-workers. Mental health service providers aim to train employees to be mentally ready and healthy.
Sustain – MPsych Services will do the after-care of your employees who had undergone mental health trainings and coaching. They will also have follow-up sessions to make sure that employees are still on track with their mental health wellness in the workplace. If there are any other concerns, they will help in creating a resolution. It is of vital importance that service providers in mental health continue to provide consultations and interventions to ensure quality mental health care and workplace wellness.
Get Onboard with MPsych Services: Your Mental Health Partner
MPsych Services knows that your employees are your company’s lifeline. You can start investing on the wellness of your employees to make them more productive and your business becomes more progressive. Check out our services here.