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Millions of American workers are affected by mental health and substance use issues each year. How is this impacting the workplace? Employer losses for mental health conditions and substance use are related to workplace productivity – including absenteeism, presenteeism, and disability costs.
Early detection, assessment, and connection with treatment can have a significant positive impact on the lives of those who experience these issues. These action steps not only prevent behavioral health problems from worsening, but they also improve worker productivity and can decrease the cost of providing health insurance.
Smart companies invest in the behavioral health of their employees. Early intervention increases productivity and morale.
An estimated 200 million workdays are lost each year due to depression-related issues, according to the Centers for Disease Control. Improving behavioral health in the workplace reduces absenteeism, boosts morale, increases productivity, lowers insurance costs, reduces industrial accidents, and improves the quality of work.
Companies with the most effective health and productivity programs achieved 11% more revenue per employee, delivered 28% higher shareholder returns, and had lower medical trends and fewer absences per employee (Health and Productivity Advantage: Staying@Work, Towers/Watson & National Business Group on Health, 2009/2010).