Poor mental health costs UK employers up to £45 billion a year
New analysis by Deloitte, published finds that poor mental health costs UK employers up to £45 billion each year. This is a rise of 16% since 2016 – an extra £6 billion a year.
- Rising 16% since 2016, this adds up to an extra £6bn a year for UK employers
- For every £1 spent by employers on mental health interventions they get £5 back in reduced absence, presenteeism and staff turnover
The research also looks at how employers can tackle this problem, finding that it pays to support employees’ mental health. On average, for every £1 spent on supporting their people’s mental health, employers get £5 back on their investment in reduced presenteeism, absenteeism and staff turnover.
Analysis from ‘Mental health and employers: the case for refreshing investment’ also looks at how employers can tackle this problem. It shows that higher return on investment can be achieved by early interventions, such as organisation-wide culture change and education, than more in-depth support that may be needed at a later stage when a person is struggling.
Read the full 2020 Deloitte report