Mental Health Costs at Work

Mental Health Costs Overview

Deloitte have produced analysis that not only considers the costs to employers of
presenteeism, absenteeism and staff turnover due to mental health problems and for the first
time this has also been broken down by industry.

Poor mental health costs employers between £33 billion and £42 billion a year.

This amounts to a cost per employee of between £1,205 and £1,560 per year.

This cost is for all employees, not just those who are ill.

The Deloitte report also looked at variation between sectors for the first time and found the cost per employee varies significantly between sectors.

Industries such as finance and insurance have a much higher cost per individual per year (over £2,000 per employee per year) than the retail or leisure sectors (£500 to £1,000 per employee per year).

Employers are recommended to provide support for all employees to thrive, and more tailored for those who may need it.

Access full overview HERE:  Mental Health Costs Overview