- Absenteeism; depression can result in 26 additional absences a year when compared to an employee who does not suffer from depression. Research suggests that absenteeism related to mental disorders accounted for an estimated 7% of global payroll, surpassing other disorders!
- Productivity loss; an even larger cost. It’s estimated that the loss of productivity is 3-4 times higher than the cost of absenteeism
- Healthcare costs: the costs associated with employer-based insurance are more than twice as high for employees with mental illness when compared with costs for other employees.
Corporate Wellness
Half of Millennials and 75% of Gen-Zers have voluntarily left a job in part due to mental health reasons.