Investing in Mental Health
Mind’s Chief Executive Paul Farmer, together with Lord Dennis Stevenson, were asked in January 2017 by the government to carry out an independent review into how employers can better support individuals with mental health problems remain in and thrive in work. The results of the extensive review were published on 26 October 2017.
- Thriving at Work, an independent review of mental health and employers found that the potential cost of mental ill health to you as an employer could be as high as £1,400 for each employee per year.
- Investing £1 in the wellbeing of your staff can result in a £10 saving in return to tackle the cost of mental ill health to your organisation.
How it can help
All employers, regardless of size or industry, should adopt the six simple mental health core standards below. These have little or no cost and encourage an open, more transparent organisational culture allowing you to monitor wellbeing, and provide all employees with the right conditions to thrive at work. These are:
- Produce and implement a mental health at work plan
- Develop mental health awareness among its employees
- Encourage open conversations about mental health and what support is available when people are struggling
- Provide good working conditions
- Promote effective people management
- Routinely monitor employee mental health and wellbeing.
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