Mental health in the automotive industry: moving up a gear"A £1.2bn cost to the automotive industry" Download
This whitepaper analyses the evidence about mental health in the workplace
- It’s commonly accepted that adults spend roughly 1/3 of their lives at work. Whilst work is generally considered good for our health and wellbeing, mental health concerns are on the rise
- Around 1 in 4 people in the UK experience a mental health problem each year so it’s unsurprising that poor mental health alone is costing employers
- Analysts at Deloitte estimated that the costs of mental health related absence in the UK workplace is £7.9bn
- Costs do vary by sector but, for an estimate of the annual cost of poor mental health in your business, multiply the number of employees you have by £1,119 for a low estimate and by £1,481 for a high estimate
Mental health in the workplace
This whitepaper analyses the evidence about mental health in the automotive industry, outlines the facts and builds a clear case for businesses to take action in support of their employees.
Research from Deloitte shows that the ROI of proactive mental health interventions such as training and
other tools can range up to 6:1. Early stage intervention and supporting activities can achieve ROI of up to 8:1 and, because not everything can be detected at an early stage, Deloitte’s research also states that
the ROI for reactive interventions can range up to 5:1. In fact, a study by the Lancet found a manager’s mental health training programme could achieve a return on investment of £9.98 for each £1 spent. This certainly makes the case for investment in workplace mental health support and initiatives, especially in the proactive and preventative space. Regardless of the moral case for automotive employers helping employees manage their mental health, the financial case is very hard to ignore.