“Thriving at Work”, a workplace and mental health report by Lord Stevenson and Paul Farmer, published in 2017, estimated the cost of poor mental health in the UK to be between £74billion and £99billion. In the report Deloitte states the cost to UK employers is between £33billion and £42billion, made up from staff turnover, sickness absence and presenteeism.
Taking mental health seriously is fundamental to your duty of care and a vital component of your employee wellbeing strategy.
Mattioli Woods can support your employees’ mental wellbeing through our online platform, MentalWellbeing@MattioliWoods (MW@MW). We support organisations in four areas of best practice:
- Education – the whole workforce is provided with bite-size learning modules covering mental health awareness, stress, resilience, anti-bullying, harassment and suicide awareness
- Voice – through regular, tailored employee surveys, real-time feedback can be collated to give employees the means to express their feelings
- Self-care – an extensive library of resources allows employees to access information on any issues which may be affecting their mental health confidentially and points them to additional help
- Signposting – for employees who need further assistance in dealing with a mental health issue, MW@MW provides signposting to other services. Help can be accessed via existing employee benefits (telephone helplines, Employee Assistance Programmes, virtual GP services, health insurance) and charitable or third sector organisations
Discover more about mental wellbeing in the workplace here.