Tackling the rising cost of workplace mental ill health
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Tackling the rising cost of workplace mental ill health
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With the cost of workplace mental ill health projected to exceed $27 billion a year in Australia over the next 15 years, employers have a critical role to play in creating mentally healthy and safe workplaces – and the economic case for action is becoming increasingly difficult to ignore.
In this episode of The HR Leader Podcast, host Jerome Doraisamy speaks with Professor Margo Lydon, executive director and co-lead of Mentally Healthy Workplaces Australia, about the growing economic toll of workplace mental ill health, how absenteeism, presenteeism, staff turnover and reduced workforce participation are undermining productivity, why these costs are expected to escalate over the coming decades, the establishment of Australia's world-first national initiative to address the issue, how employers and other stakeholders can work together to drive meaningful change, and the significant economic and productivity benefits that could flow from investing in mentally healthy and safe workplaces.