Employees with mental distress cost employers nearly $ 5,000 per person per year during lost business days, as well as increased sales and healthcare costs, according to research from the National Safety Council and the National Opinion Research Center at the University of Chicago.
Employers with workers experiencing mental health problems spend more than $ 5,500 on average in annual turnover costs per employee and nearly $ 3,000 more in health care, NSC said in a statement on Thursday.
According to Itasca, Illinois-based NSC and NORC research, employers offering employee mental health services see a return of $ 4 for every dollar invested in mental health care, and that companies spend more than $ 1
NSC and NORC have created a calculator that enables employers to evaluate how employees' mental health can affect a company's performance. The calculator, based on 2015 through 2018 data from National Surveys on Drug Use and Health days, calculates the cost of untreated mental health problems during missed work days, sales and health care.
The calculator is available free of charge on the NSC website.