Billions of Reasons to Take Action

June 16, 2013
1 minute
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Mental ill-health and suicide cost Australia an estimated $200–$220 billion a year, including $40–$70 billion in direct economic costs (Productivity Commission, Mental Health Inquiry Report, 2020).

The Commission’s review goes beyond healthcare costs and absenteeism, also tracking the impact of stress and poor mental health on workplace productivity and physical health.

The return on acting is well documented: for every $1 invested in effective workplace mental health initiatives, Australian organisations see an average return of $2.30 in reduced absenteeism, presenteeism and compensation claims (PwC, Creating a Mentally Healthy Workplace: Return on Investment Analysis, 2014).

HSG can help you get started, by tailoring a workplace wellbeing program to fit your specific objectives. We navigate you through every step, from staging events to opening feedback channels to analysis and review. Read more about our workplace health and wellbeing programs page for more information, or call us on 1300 889 073.


Author

Holistic Services Group

Holistic Services Group has supported workplace wellbeing initiatives across Australia since 2003, delivering evidence-informed programs focused on mental wellbeing, physical health, leadership capability, and workplace culture.