- California, USA
Generalized across the U.S. workforce, missed work due to poor mental health is estimated to cost the economy $47.6 billion annually in lost productivity. Over half of workers do not have easily accessible support services.
Workers rated the following as helpful to their mental health:
78% – healthy and sustainable work culture
67% – safe and supportive culture for mental health
60% – self-care resources for mental health
81% of survey respondents said employers’ support for mental health will be an important consideration when they look for work. Given this insight, employers should consider mental health initiatives as a way to recruit and retain talent.
The pandemic, structural changes in the overall economy, and the current labor shortage have forced organizations to manage with a smaller workforce, negatively affecting workers across the globe. Stress can have major consequences for employers and employees if left unchecked.
An inclusive analysis conducted by the American Institute of Stress found that after including factors such as absenteeism, turnover, diminished productivity, increased medical costs, and increased legal costs, the total economic impact of stress to US employers was estimated at $300 billion.
Healthy employees have better quality of life; lower risk of disease, illness, and injury; increased work productivity and a greater likelihood of contributing to communities. Although well-being programs in the US are growing, most employees are unaware of the offerings and related benefits.
Connected Mindful Living is committed to unlocking human potential and fostering happiness, with a dual focus on helping individuals discover their true purpose and enabling organizations to thrive through sustainability, well-being, and mindfulness.