A PwC study reveals that transport, postal and warehousing businesses can gain significantly by investing in mental health.
beyondblue has launched an Australian-first national campaign in conjunction with the Mentally Healthy Workplace Alliance to encourage Australia’s business leaders to take action on mental health.
This initiative comes on the back of a new PwC report that reveals transport, postal and warehousing businesses will receive an average return of $2.80 for every $1 they invest in effective workplace mental health strategies. This is above the average rate for Australian businesses of a $2.30 return for every $1 invested.
The research, which looked at the impact of employees’ mental health conditions on productivity, participation and compensation claims, also found these conditions cost Australian employers at least $10.9 billion a year.
beyondblue Chairman The Hon Jeff Kennett AC said the report provides a compelling case for businesses to back Heads Up, a campaign to give big and small transport, postal and warehousing businesses alike practical advice about the importance of addressing mental health in the workplace.
At 23%, more than one in five Australian transport, postal and warehousing industry workers have experienced mental health conditions such as depression and anxiety in the past 12 months, but sadly too many workplaces still do not realise the importance of their employees’ mental health, according to Mr Kennett. Employers owe it to their workers as well as their business’ profitability to tackle these conditions at work. Heads Up will provide them with a tailor-made Action Plan to do this and will help ensure that Australia’s 11.5 million workers across all industries receive the support they need to be mentally healthy and productive.
PwC partner Jeremy Thorpe said the report reveals how investing in mental health can deliver enormous benefits. He also urged all employers, regardless of industry or business size to read this report and learn what economic benefits they could gain from investing in mental health.
Heads Up will target leaders across small, medium and large Australian businesses through major advertising and social media campaigns, and already has the backing of some major companies.
Funded by the Department of Health, Heads Up has been launched to address the urgent need for Australian businesses to start treating the mental health of their employees as seriously as they treat physical health and safety.
beyondblue CEO Georgie Harman said Heads Up would have a long-lasting impact as it delivered benefits for employees and employers alike. She explains that employers who are mindful of their employees’ wellbeing and introduce supporting policies promote greater worker satisfaction and deliver enormous productivity improvements, making it a truly win-win situation.