Depression is costing UK business £1,000 per employee per year

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Today, we heard of a shortage of Mental Health beds in England and reports of patients begging for assistance from their GP and Community Psychiatric Nurses. For anyone who  has spent time suffering anxiety, depression or bipolar disorder you are aware that for long periods you can be well, happy and healthy. There are however periods when you are feeling unwell. Imagine, you recognise the signs of a downturn and you can’t access the real help and expertise that you know that you most need.Well we all know that financial cuts have torn through general health and social shutterstock_71532082service provision.

Then I stumbled upon this report in the HR Review

  • A quarter of people in the UK (26%) have been diagnosed with depression according to the UK IDEA survey report (European Depression Association (EDA), Impact of Depression in Europe Audit Survey (IDEA Survey), 2012)
  • The wider economic cost of mental illness in England has been estimated at £105.2 billion each year. This includes direct costs of services, lost productivity at work, and reduced quality of life.
  • The cost of poor mental health to businesses is just over £1,000 per employee per year, or almost £26 billion across the UK economy.

This is such a drain and financial burden when the NHS and businesses are already suffering in the toughest times. Do you support a mental health charity? Are you in a position of leadership or policy making? What can you do to influence and make mental health issues top priority.

Click on the photo to read the article.