Many business leaders assume an employee’s mental health is none of their business. But, in fact, an employee’s mental health can have an enormous impact on performance, which can also have a direct effect on the company’s bottom line. One in five Americans has a diagnosable mental health condition, so it’s a business imperative that management makes employee mental health their business.
Why? The Center for Prevention and Health estimates that mental illness and substance abuse issues cost businesses between $79 and $105 billion each year. Reduced productivity, absenteeism, and increased healthcare costs are just a few of the ways mental illness costs employers money.
Companies that encourage a workaholic mentality or those who have abusive leadership often have multiple employees engaged in treatment for mental health problems. For example, Amazon is notorious for what is described in a 2015 New York Times article as a brutal and bruising work environment.