The Mental Health Crisis Draining Our Economy.

The economic costs of mental ill health in England reached a staggering £110 billion in 2022 alone. This astronomical figure highlights the urgent need for employers to prioritise mental health support for their workforce. A major driver of these costs is the reduced productivity, absenteeism, and presenteeism that results when employees are struggling with mental health issues. Presenteeism - when unwell employees show up but underperform - represents a particularly insidious drain on economic resources and workplace efficiency. The evidence is clear - failing to address mental health comes at a monumental price tag that no business can afford to ignore.

Investing in preventative mental health and well-being interventions isn't just the right thing to do - it's one of the smartest business decisions a company can make. By supporting employee mental health, organisations can significantly reduce the costs of lost productivity, absenteeism, and presenteeism.

There is a clear economic incentive and ROI, in addition to the benefits for individual wellbeing. Improved mental health across the workforce leads to increased economic output while relieving the burden on healthcare systems. This is why forward-thinking companies are exploring proven programs like Mindcanyon's CPD-approved "Wellbeing and Resilience: A Practical Toolkit" course.

This innovative training equips employees with invaluable skills for managing stress, building resilience, and enhancing their overall mental fitness. By investing in this type of preventative mental health support, employers can get ahead of issues before they snowball into crisis situations.

Wellbeing training creates a supportive workplace culture where mental health is destigmatised and prioritised. The costs of NOT taking action are far too high.

The £110 billion price tag for mental ill health in 2022 is just the tip of the iceberg. The personal toll on employees and economic impacts on businesses will continue mounting until we implement comprehensive mental health strategies. Now is the time for organisations to explore wellbeing programs and take a proactive approach to employee mental health. Mindcanyon - Mental Health In Your Workplace courses represent an investment that will pay dividends many times over in the form of a healthier, more productive workforce and a Triple Bottom Line that makes shareholders proud.

Mental health can no longer be treated as a separate issue - it is inextricably linked to business performance and success in the modern economy. The smartest companies recognise this reality and are leading the way by investing in mental health and wellbeing training initiatives for their people.

The alternative is simply too costly to accept.

Get in touch and speak to us about the CPD-approved "Wellbeing and Resilience: A Practical Toolkit" course today. 

📥 info@mindcanyon.org