Getting a competitive edge in attracting and retaining the best workers

Oct 22, 2014

A new survey by Instinct and Reason has discovered that there are four key themes that employers need to consider turning into action to help create a mentally healthier workplace. Addressing them can help you attract and retain the best employees.

With a clear link established between a mentally health workplace and attracting and retaining staff, there is a growing need for Australian businesses to build a more supportive workplace. In doing so, they will also be creating a competitive edge in their search for the best workers.

The survey by Instinct and Reason has discovered that there are four key themes that employers need to consider turning into action to help create a mentally healthier workplace: policies, training, supportive management and action.

Addressing each of these will help your business attract and retain the best employees.

For businesses to get a competitive edge in the pursuit of the best and brightest workers, organisations need to consider the following strategies, which expand on the four key themes:

 

1. Take action to foster better mental health in the workplace.

2.  Develop positive mental health policies and communicate these through every level of the business.

3. Provide training for staff and managers to help them deal appropriately with mental health issues in the workplace.

4. Manager and HR areas should show that they are committed to promoting the mental health of staff and create a culture to support this.

5. Actively identify threats to mental health in the workplace and work with staff to address these.

6. Promote their business as being a mentally healthy workplace to potential employees.

By following these recommendations, business leaders can help build mentally healthier workplaces, which deliver benefits not just to employees but also the businesses themselves.

Instinct and Reason surveyed more than 1,000 Australian workers to get their views of a mentally healthy workplace. The survey coincided with the recent launch of Heads Up, a nationwide campaign by beyondblue and the Mentally Healthy Workplace Alliance to encourage business leaders to foster and promote a mentally healthy workplace and address conditions such as depression and anxiety.

A new report by PricewaterhouseCoopers (PwC) shows that ignoring mental health in the workplace can be an expensive mistake. According to PwC, Australian businesses are losing $10.9 billion a year as a result of not addressing the issue. Businesses, however, can pursue solutions which will deliver some positive returns on investment (ROI). The PwC report found that for every dollar spent there is an average ROI of $2.30. The returns in some industries are much higher.

 

Create better workplace health: register with Heads Up

To discover how you can implement change in your workplace and work towards attracting the best employees, join Heads Up now, a joint initiative of beyondblue and the Mentally Healthy Workplace Alliance (MHWA).


Heads Up on LinkedIn 

If you would like more information and resources about how to create a more mentally healthy workplace, please visit our LinkedIn company page, which is regularly updated with stories and links related to the issue.

If you would like to join the discussion about a mentally healthy workplace, please visit our LinkedIn group page and become part of the conversation.


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