ACCI is a founding member of the Mentally Healthy Workplace Alliance (MHA)—a group brought together to promote the benefits of mentally healthy workplaces.
The MHWA, along with beyondblue, commissioned PricewaterhouseCoopers (PWC) to prepare a report on what sort of economic value could be ascribed to mentally healthy workplaces.
In other words, would making changes actually yield a return?
And the findings are more than interesting.
This report shows there is a clear business case for investing in practical mental health strategies.
The report reveals that businesses that implement effective workplace mental health strategies will receive an average return of $2.30 for every $1 they invest.
The business case applies no matter what the size of the business, and it does not require significant change. Even small steps can make a difference that improves productivity.
This information and other useful resources are available on a new Heads Up website www.headsup.org.au. More resources will become available throughout the Heads Up campaign. The campaign is designed to give all businesses large or small, practical steps and advice about mental health in the workplace. Use these resources to be informed, develop appropriate communication strategies and develop an action plan that suits.
Businesses investing in these strategies not only stand to gain in productivity but there are other benefits too.
ACCI‘s CEO Kate Carnell says “No matter the size or shape of your organisation it’s a good time to reflect on the benefits to productivity for even the smallest businesses, because ill-health and injury can cause huge costs. Indeed, something that provides a positive return on investment is good business practice.