Benefits Think C-suite increasingly focused on mental health

Published 5 Min Read

  • The CDC reports that the annual direct and indirect costs of treating mental health disorders is $317.5 billion — even higher than the $310 billion OSHA attributes to the annual cost of workplace injuries.
  • More workdays are lost or disrupted by mental illness than by chronic conditions such as arthritis, diabetes and heart disease. In fact, employers spend $70 billion each year on lost productivity and increased absenteeism due to untreated or ineffectively treated mental health disorders.
  • Depression alone causes an estimated 200 million lost workdays each year and costs employers up to $44 billion annually. In just a three-month period, employees with depression miss an average of 4.8 workdays and 11.5 days of reduced productivity.
  • The American Institute of Stress estimates that one million workers miss work each day because of stress, costing companies roughly $602 per employee per year.

Not all workplace perks are equal, but there are some that are extremely popular among employees, according to Glassdoor research.

Sean Fogarty
President

Fogarty is president of CuraLinc Healthcare, a provider of behavioral health and wellness programs.


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