Poor mental health is costing British businesses billions

Cost of mental health to UK business BusinessRiskTV.com

Ill mental health is costing your business money and lost opportunities

Analysis is consistent. Mental illness and failure to manage it is costing UK business and economy billions of pounds. The cost of ignoring mental health issues in the workplace in the UK far exceeds accidents in the workplace yet businesses in UK fail to manage mental wellbeing well. The estimated cost of not managing mental health ranges from 46 billion to more than 100 billion depending on which report you look at.

Poor employee mental health is costing UK companies up to £45 billion a year and the costs continue to rise each year

Deloitte Report 2020

How much does poor mental health cost your business? How can your business take action to help your employees and build business resilience. Stress depression and anxiety has in past been a hidden or ignored business risk. Increasingly it is recognised that tackling mental health issues better can improve the performance of businesses.

There are estimates that nearly 100 million workdays are lost in the UK each year due to symptoms of mental illness.

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Both the public sector and the private sector in the UK need to invest in its future. All of the UKs political partys promised massive investment in the UK. If the Conservative Party misses this opportunity to boost UK economic growth then it will not be forgiven for decades.

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The UK General Election result means that the UK

The UK has a skills gap crisis. Not enough people have the skills needed to grow the UK economy needs. The UK government and private sector needs to massively invest in retraining its workforce.

Now is the perfect time to invest in the UK. We are entering the 4th industrial revolution. The UK political uncertainty has been removed or at least greatly reduced. Not everyone will agree with the political direction but at least we now know the UK has political direction. UK plc needs to decide how it is going to prepare itself for the future.

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