World Mental Health Day 2024 | Burnout, low productivity & beyond: Why employers must prioritise mental health?
World Mental Health Day is observed on October 10th every year. The day helps in raising awareness about mental health issues and mobilises efforts in support of mental health.
PTC News Desk: World Mental Health Day is observed on October 10th every year. The day helps in raising awareness about mental health issues and mobilises efforts in support of mental health.
This year the theme of World Mental Health Day is "Mental Health at Work." Employees are facing huge mental health pressures as the world struggles with economic uncertainties, climate crises and pandemics. This year’s theme sheds light on the urgent need for companies to prioritise their workforce's mental well-being.
Mental health crises at work
The World Health Organisation (WHO), collaborating with its partners, highlights the crucial link between mental health and the workplace. Workplaces that are safe and supportive are more likely to promote mental health. However, unhealthy factors such as stigma, discrimination, harassment, and bad working conditions can all have a negative impact on mental health. These issues can have an adverse effect on overall quality of life, job participation, and productivity.
The World Health Organisation (WHO) says that around 15 percent of working-age persons suffer from a mental health issue. According to International SOS, the most common issues are anxiety, depression, panic disorders, attention deficit hyperactivity disorder (ADHD), and acute stress.
Burnout is extremely common, with one in every four employees worldwide reporting symptoms. The International SOS Risk Outlook 2024 sees burnout as a key danger to organisational health. These difficulties not only affect individual employees, but also impair productivity, engagement, and morale, all of which have a negative impact on the bottom line.
Economic cost of neglecting mental health
The results of neglecting mental health extend beyond human suffering to a major financial cost. According to the World Health Organisation, anxiety and depression alone cost the global economy $1 trillion in lost productivity each year, equivalent to 12 billion working days. This sends a clear message to businesses: failing to treat mental issues harms not only staff but also financial performance.