Centre for Mental Health, September 2017
This report updates a calculation made ten years ago, when mental health problems in the UK workforce were estimated to cost employers almost £26 billion. It finds that the cost is now £34.9 billion as a result of inflation and a rise in the size of the workforce since 2007. This means that mental health problems cost £1,300 for every employee in the UK economy. The report finds that by far the largest part of the business cost is in the form of reduced productivity among people who are at work but unwell: or ‘presenteeism’. This costs businesses twice as much as sickness absence relating to poor mental health. The remainder of the cost relates to turnover – people leaving their jobs as a result of poor mental health.
Click here to read the full report.