In light of Mental Health Awareness Week, Canada Life's Paul Avis looks into how EAPs and EIS via group income protection policies are providing an answer
The Stevenson Farmer review of mental health and the workplace estimates the cost of presenteeism caused by poor mental health is £17bn to £26bn per year; far more significant than the estimated £8bn cost of absenteeism to employers each year.[1] Our own research on presenteeism can shed some light on this discrepancy. Employees are only as likely to take time off work for a stress-related illness as they would for a migraine (20% of respondents), and the same proportion are more likely to come into work with a mental health problem than a physical health one.[2] We have been research...
To continue reading this article...
Join COVER for free
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.