A first-of-its-kind report by Deloitte Canada reveals a greater return on investment (ROI) for companies that implement workplace mental health programs.
The ROI in workplace mental health programs: Good for people, good for business report compares companies with existing mental health programs in place for a year to companies with programs in place for three or more years. In comparison, the annual ROI more than doubled.
Key findings include:
- Addressing the entire spectrum of mental health helped to achieve positive ROI.
- Investing in high-impact areas including leadership training and preventive interventions such as psychological care benefits, increased potential ROI.
- Measuring performance can enable organizations to accomplish desired program impact, improve adoption rates, and enhance decision-making.
Ten large Canadian companies were analyzed, including Air Canada, ATB Financial, Bell, Canada Life, CIBC, Desjardins Group, Enbridge Inc., Energir, Husky Energy, and Morneau Shepell. All companies had mental health programs and supports at various stages.
In any given week, 500,000 Canadians are unable to work due to mental health concerns. The report provides evidence that workplace mental health has an economic effect and that investments can have a positive impact.
Mental Health Works, a national social enterprise led by Canadian Mental Health Association, Ontario Division, provides standardized workplace mental health training to organizations nationwide, creating heathier and safer workplaces. For more on Mental Health Works and its 70 qualified trainers across the country, visit: www.mentalhealthworks.ca.