Mental illness in the UK has a significant impact on our society individually, socially and economically. Approximately one in five United Kingdom adults aged 16 to 85 years will experience at least one of the common forms of mental illness throughout any given year.
The human cost of mental illness is considerable - and mental health issues caused or made worse by work can have a huge impact on an individual’s life. We now know that the economic costs to employers are far greater than we thought. Over the last 15 years, the Centre for Mental Health has been analysing statistics on the economic and social costs of mental ill-health.
According to the Deloitte 2022 report, 'Mental Health and Employers - The Case for Investment, Pandemic and Beyond', poor mental health costs UK employers approximately £53-56 Billion per year. This amounts to an average cost, per employee, of £3600 per year for organisations in the private sector. This cost is for ALL employees, not just those who are ill.
Research also shows that businesses can expect a return on investment of at least 5:1 when they invest into the right workplace mental health initiatives.
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