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More Companies Should Invest in Mental Health, Research Shows

October 18th, 2022 News & Politics 3 minute read
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More Companies Should Invest in Mental Health, Research Shows

The prevalence of mental health in the workplace is at the forefront of studies and conversations alike. Workers agree, being supported by their company when it comes to mental well-being is a great thing. Researchers also see the benefit for the company—an effort to invest in mental health means workers are happier and more productive. So, why aren’t more companies doing it?Juliette Portala, writer for Reuters, covered a study in England citing an egregious lack of mental health support in British companies. Portala writes, “Only three companies out of 20 have published objectives for employee mental health management despite clear evidence. CCLA's new investor benchmark, which assessed 100 of the world's largest listed firms, showed a disconnect between their recognition of workers' mental health as an important business issue and formalized public commitments and disclosure.”Even with ‘clear evidence’ tying productivity to employee well-being, companies still neglect this unique opportunity. Not only will it be a benefit, investing in employees also shores up potential losses. Mental health for employees should be a win-win for employers, and they still have a chance to turn things around.

More Companies Should Invest in Mental Health, Research ShowsPhoto by Andrea Piacquadio from Pexels

On the flip side, bad mental health can be costly for employers, with a recent report citing, “Estimates show that untreated mental illness may cost companies up to $300 billion annually, largely due to impacts on productivity, absenteeism, and increases in medical and disability expenses.”While untreated mental illness certainly is a problem for employee and employer alike, it isn’t an impossible fix. Dr Janet Ahn, experienced experimental social psychologist, and Tessa West, associate professor of psychology, give some clear advice to companies looking to improve how they approach mental health.First, companies can add more certainty to their lines of communication. Instead of just asking to meet, i.e., a boss can tell their employee the exact reason for the meeting. Dr. West writes, “Uncertainty-based stress is one of the most significant sources of stress at work—especially if that uncertainty comes from above.”Companies can also give their staff clearer benchmarks, boosting competency in the workplace. West writes that, “Most people work best when they have clear action plans.” These changes may seem small, but their impact is anything but miniscule.Any company looking to invest in their employees’ mental health can have an easy time doing so. Dr. Ahn goes on to include purpose on the list of ways to improve an employee’s day to day. While many are under the impression jobs bring purpose, studies show connections with coworkers brings an employee their greatest sense of belonging. By finding new ways to connect colleagues to each other, companies can do a lot of good for their work environments.Mental health management may seem like a hefty task, but it isn't insurmountable. By adding these small changes, businesses may see both an uptick in profit and productivity. Workers aim to be happier, and they produce more when they are.

Sources:

Workers grapple with new stresses as they return to the officeCompanies lack targets for employee mental health, study showsWorld Mental Health Day: 5 science-based actions to help companies invest wisely to support employees
Sara E. Teller

About Sara E. Teller

Sara is a credited freelance writer, editor, contributor, and essayist, as well as a novelist and poet with nearly twenty years of experience. A seasoned publishing professional, she's worked for newspapers, magazines and book publishers in content digitization, editorial, acquisitions and intellectual property. Sara has been an invited speaker at a Careers in Publishing & Authorship event at Michigan State University and a Reading and Writing Instructor at Sylvan Learning Center. She has an MBA degree with a concentration in Marketing and an MA in Clinical Mental Health Counseling, graduating with a 4.2/4.0 GPA. She is also a member of Chi Sigma Iota and a 2020 recipient of the Donald D. Davis scholarship recognizing social responsibility. Sara is certified in children's book writing, HTML coding and social media marketing. Her fifth book, PTSD: Healing from the Inside Out, was released in September 2019 and is available on Amazon. You can find her others books there, too, including Narcissistic Abuse: A Survival Guide, released in December 2017.

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