Claire Ginnelly: Consulting employers about workplace mental health

'Ignoring mental health will prove costly for employers'

clock • 6 min read

Four tips for advisers facing employers considering their workplace wellbeing strategies

In the face of stigma, we need to talk more about mental health in the workplace and its financial impact on employers and the wider UK economy - it's nothing short of devastating. According to Thriving at Work, the independent review into workplace mental health, ‘the UK faces a significant mental health challenge at work'. Specifically, the report found that poor mental health costs the UK economy between £74 billion and £99 billion a year [1], while the cost to employers is put at between £33 billion and £42 billion [2]. This comprises: Cost of absenteeism: £8 billion Cost o...

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.

Join now

 

Already a Cover member?

Login

More on Group Protection

Yurtle launches caregiver insurance for employees

Yurtle launches caregiver insurance for employees

Cash support to reduce unplanned absences

Jaskeet Briah
clock 04 March 2025 • 3 min read
Male employees call for increased mental health support

Male employees call for increased mental health support

30% unsure where to turn for help

Jaskeet Briah
clock 28 February 2025 • 2 min read
Gender disparity in workplace wellbeing

Gender disparity in workplace wellbeing

YuLife research

Cameron Roberts
clock 19 February 2025 • 2 min read