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No longer deemed optional or desirable in many workplaces, an employer’s commitment to mental health initiatives has become a workforce essential — and, apparently, in the best interests of every company’s stakeholders.
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Depression is one of the leading causes of disability, according to a Sept. 2021 World Health Organization (WHO) fact sheet. The organization estimates 280 million worldwide suffer from the debilitating condition. Having a poor mental health record and policy imposes a tremendous cost on business — and an unfair and unhealthy burden on employees.
As Fortune reported, the Centers for Disease Control and Prevention (CDC) estimates that employee depression accounts for 200 million lost workdays each year and costs employers $17 billion to $44 billion. Depression and anxiety disorders costs approximately $1 trillion USD in lost productivity globally, per the WHO.
However, a positive return on investment (ROI) through workplace mental health initiatives is within…
