7 Proven Ways Mental Health in the Workplace Supports Your Bottom Line
Mark Bryan, M+A’s Futurist, Lead of the Innovation + Research Team, and Senior Interior Designer, is being featured in the “Mental Health Table of Experts” offering expert insight alongside Central Ohio leaders on the importance of mental health in the workplace. The discussion, published on May 26, will share how you can develop a healthy company culture and support a happier, healthier and more productive workforce, rooted in mental well-being.
In partnership with the American Psychological Association, and Columbus Business First, Mark is part of national, and regional, conversations on why employers need to support their employees' mental health and how employers can create a supportive culture. Mark is here to tell you why a healthy company culture matters, and the “7 Ways Mental Health in the Workplace Supports Your Bottom Line.”
When I work with clients, on futurist exercises and design, it’s often those looking for ways their investment - both of time and resources - will benefit their bottom line. While progressive leaders are recognizing VOI (Value of Investment) just as significantly as ROI (Return on Investment), many don’t realize how significant mental health issues are impacting their bottom line, and how much control they have overturning that obstacle into an opportunity.
Did you know that mental health-related issues are one of the fastest growing reasons for productive losses at the workplace, around the world?
How is that possible? Here are the 7 ways mental health in the workplace supports your bottom line.
1. More Than 25% of Your Workforce is Affected By a Mental Health Condition Daily
1 in 4 people suffer from a mental health condition each year, with that number increasing even more significantly in direct reflection of the pandemic. That means on any day 25% of your workforce is affected, directly impacting productivity at your organization - and something that deserves our attention.
2. Poor mental health in the workplace directly decreases productivity + profitability.
Organizations with low employee engagement scores saw 18% lower productivity, 16% lower profitability, 37% lower job growth, and 65% lower share price over time. (Source: Queens School of Business and by the Gallup)
3. Mental health support for employees directly impacts talent retention.
Mental health matters, for today’s remote workforce: a vast majority of workers (80%) would consider quitting their current position for a job that focused more on employees’ mental health.
4. Mental health support for employees directly impacts talent attraction.
89% of workers at companies that support well-being initiatives are more likely to recommend their company as a good place to work, supporting talent attraction in a competitive environment. In the fast adoption of remote work, companies have demonstrated, and proven, that geography matters less, and productivity matters more - hiring top tier talent more competitively with less care about where their homebase is. With that in mind, “poaching” is at an all time high, with companies in major metro hubs able to compete more aggressively with the ability to pay higher, while simultaneously offering 100% remote work agreements. Staying competitive in your local, and regional, job market will rely more on existing employee recommendations more than ever before.
5. Mental health resources for employees directly increases client satisfaction.
Recent studies have proven employees that participated in a 10 minute guided mindfulness program before work, and 5 minutes following lunch, increased their external client satisfaction rating. According to Forbes magazine, 40% of American workers feel uncomfortable during a break at work, which demonstrates the necessity to have conversations and demonstrate acceptance through top level leaders.
6. Depression Directly Decreases Productivity
Research from the National Institute of Health shows that nearly 86 percent of employees treated for depression report improved work performance. And in some studies, treatment of depression has been shown to reduce absenteeism and presenteeism (the lost productivity that occurs when employees are not fully functioning in the workplace because of an illness, injury, or other condition) by 40 to 60 percent. Depression interferes with a person's ability to complete physical job tasks about 20% of the time and reduces cognitive performance about 35% of the time. Only 57% of employees who report moderate depression and 40% of those who report severe depression receive treatment to control depression symptoms. Supporting these employees supports these individuals, and the collective, directly, in a way that is more important than most realize.
7. Happiness = Higher Performance. Period.
Companies that focus on mental health and wellbeing outperform those who don't by 10%. According to Gallup, highly engaged teams are 21% more productive. Those teams who score in the top 20% in engagement realize a 41% reduction in absenteeism, and 59% less turnover.
We Must Act Now in Support Mental Wellness
It’s important to be proactive, as opposed to reactive, in the case of mental health in the workplace - both for the individual, and the collective. We are on the precipice of an evolution, in the wake of what experts are calling a “mental health tsunami”.
The increased reporting of specific negative impacts on their mental health and well-being in the wake of COVID, such as difficulty sleeping (36%) or eating (32%), increases in alcohol consumption or substance use (12%), and worsening chronic conditions (12%), were directly contributed to worry and stress over the coronavirus.
1. Conversations that shift stigma to strength - Harvard Business Review research showed that employees who felt their managers were not good at communicating have been 23% more likely than others to experience mental health declines since the outbreak.
2. Programming designed to support mental health with tools and resources - Resources, from EAP programs to internal education, and beyond, set leaders up for success to set their organizations apart and have the chance to make a substantial contribution toward our collective recovery in the wake of life post-pandemic.
3. Creating space for change - The solution, M+A’s respite room provides solutions to the mental health needs that helps attraction, retention, and your client satisfaction.
Of employees in offices with Respite Rooms, 70% felt more supported by the company knowing that specific resource was available to them, and 33% reported a perceived decrease in stress levels, and increase in productivity, in 20 minutes or less inside of the space.
Employees that are engaged, and mentally healthy, show up every day with passion, purpose, presence, and energy. Their quality of being collaborative and enthusiastic towards work, allows them to complete their workplace goals more effectively; which leads to increased workplace productivity.
To learn more, or discover ways to work together, please contact me at firstname.lastname@example.org.
by Mark Bryan
Director - Innovation + Research, Senior Interior Designer
A leader and catalyst of innovation and research at M+A, Mark strives to discover ways in which spatial design and technology integration can influence users in a positive way. Mark enjoys exploring design trends and his approach to design is largely influenced by cultural changes and shifts that occur in the world, whether they are major trends or subtle cues.