Newsletter Article
Member Benefit
Published Mon Nov 21 2022
Caring about employees’ mental health isn’t just the right thing to do, it can have an economic impact. Workers with fair or poor mental health are estimated to take about 12 days of unplanned leave annually, compared to just 2.5 days for all other workers, and nearly a fifth of the workforce identifies as struggling with mental health challenges. If this is generalized across the workforce, that costs companies $47.6 billion per year in lost productivity. Young women are most likely to report poor mental health, and young people in general are more likely to report these challenges than their older counterparts. What’s causing these outcomes? For many employees, it’s the job itself. About 40 percent of US workers report that their jobs have extremely negative or somewhat negative impacts on their mental health. How can leaders help? Start by offering support services. If you already do, make sure employees are aware of the resources available to them. A majority of those struggling were unable to confirm if their organization offered support services.
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