These costs include an estimate of the dollars lost in days of work missed, excess turnover and replacement costs, and greater health care use by distressed workers and family members.

This authoritative, easy-to-use tool provides business leaders with data-driven insight about the costs of employee mental distress in their workplaces and identifies the specific ways untreated distress impacts employers’ costs. To help employers understand the pivotal role they play in supporting employee mental health and safety, NSC and NORC at the University of Chicago created the “ Mental Health Cost Calculator,” funded by Nationwide. Adding this to stressful conditions in the home, and the problem can quickly grow. Chronic exposure to stressful workplace conditions can lead to a variety of mental health conditions, including experiencing depression, anxiety, an inability to concentrate and emotional exhaustion. One risk factor for mental distress is experiencing stress, which can be caused by workplace conditions. Mental distress has long been a hidden issue in the workplace, with 85% of workers reporting the workplace itself affects their mental health and wellbeing. This data highlights the costs pre-COVID-19 and likely underrepresents the current cost to employers due to the increase in Americans experiencing mental distress. The analysis also revealed organizations spend over $15,000 on average annually on each employee experiencing mental health. When employees receive effective treatment for mental distress, organizations realize reduced total medical costs, increased productivity, lower absenteeism and decreased disability costs. Encouragingly, e mployers that support mental health see a return of $4 for every dollar invested in mental health treatment, according to new research released today from the National Safety Council (NSC) and NORC at the University of Chicago. ITASCA, IL – Over 40% of Americans report increases in mental distress due to the COVID-19 pandemic, leaving employers with their own crisis, resulting in increased absenteeism, negative impacts on productivity and profits, and an increase in health care costs. New analysis reveals organizations that support mental health see a return of $4 for every dollar invested, fostering a culture of safety

Effective health calculator