Economic Value
Investing in mental health services significantly benefits businesses financially. The WHO reports that each dollar spent on mental health yields a fourfold return in productivity. Additionally, addressing mental health reduces absenteeism and medical costs, with studies showing a return of $2.18 to $2.30 for every dollar invested. Overall, integrating mental health into workplace strategies enhances employee well-being and drives economic gains.
Mental Health Statistics
Prevalence of Mental Health:
According to the World Health
Organization (WHO), approximately 1 in 4 people globally will experience a
mental health issue at some point in their lives.
Global Burden of Mental Health
Disorders:
Mental health conditions account for
a significant portion of the global burden of disease. Depression, for example,
is the leading cause of disability worldwide, affecting more than 264 million
people.
Economic Impact:
The economic impact of mental health
issues is substantial. The estimated global cost of mental health conditions is
projected to exceed $6 trillion by 2030, according to a study by the Lancet
Commission.
Workplace Impact:
Mental health issues have a profound
impact on productivity in the workplace. The World Economic Forum estimates
that mental health conditions could cost the global economy up to $16 trillion
by 2030 in lost productivity.
Suicide Rates:
Suicide is a global public health
concern. According to the WHO, close to 800,000 people die due to suicide every
year, making it the second leading cause of death among individuals aged 15-29.
Impact on Youth:
Mental health challenges
significantly affect young people. Half of all mental health conditions begin
by the age of 14, and three-quarters by mid-20s, according to the WHO.
Stigma and Access to Treatment:
Stigma remains a barrier to seeking help. Nearly two-thirds of people with a known mental health condition never
seek help from a health professional. Access to mental health services varies
globally, with many low- and middle-income countries having limited resources.
Global Initiatives:
Organisations like the WHO and global mental health initiatives are working towards reducing the stigma associated with mental health, improving access to treatment, and raising awareness about
the importance of mental well-being.
Unaddressed Mental Health Issues Contribute to 65% of Costs
In practical terms, individuals facing untreated mental health issues necessitate increased care, leading to higher frequencies of outpatient visits, tests, and prescriptions. These expenses are frequently embedded within the overall healthcare spending for organizations.
Increased Value. Improved Results
Mental health benefits are crucial for a healthier, more productive workplace. They improve morale, reduce absenteeism, and increase resilience and productivity. Investing in these benefits attracts top talent, fosters loyalty, and enhances overall organisational health.
