Having a mental health policy can help you retain employees

Oct 24, 2014

A recent survey by Instinct and Reason has revealed that having a mentally healthy workplace plays a significant role in businesses holding on to their employees.

Attracting the best employees is a challenge for many businesses, but managing to hold on to them is just as important.

The survey by Instinct & Reason has revealed that having a mentally healthy workplace plays a significant role in employees deciding whether to remain in their job or look for other opportunities.

The survey of more than 1,000 Australian workers found that by providing a mentally healthy workplace, 60% said they were more committed to their job and less likely to seek other employment (68%). Not only that, 37% of respondents said that a mentally health workplace had encouraged them to remain in a job longer than they would have otherwise.

Interestingly, 45% of respondents said that they had left a job because of the poor mental health environment.

“The results show that this is equally true for small, medium and large businesses and so all organisations can benefit if they work to create an environment that is mentally healthy,” Instinct and Reason said.

“In a sense, having working arrangements that reduce the pressures on staff in a modern time pressured society is also likely to be seen as a tangible way of supporting a more mentally healthy environment.”

Examples of this include flexible hours, manageable workloads and deadlines, and respectful and supportive relationships.

The survey follows the release of a report from PricewaterhouseCoopers (PwC) that looked at the financial cost of ignoring mental health in the workplace. The report found that by not addressing the issue, Australian businesses are losing $10.9 billion a year. However, by taking action can provide a significant boost to a business’s bottom line. In fact, for every dollar invested delivers an average return of $2.30 – and for many industries the amount is much higher.

 

Get all the facts: register with Heads Up

Mental health in the workplace can be addressed by signing up for the Heads Up campaign, a joint initiative of beyondblue and the Mentally Healthy Workplace Alliance (MHWA), which aims to support business leaders in implementing workplace programs. To access the Heads Up Action Plan and business leader tools for better workplace health, simply register your details.


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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