Safety, health and wellbeing culture transformation services

Solutions

Wellbeing transformation services

The opportunity for mental health and wellbeing in our workplaces: Want to triple your teams’ performance?

Firms that focus on mental health and staff wellbeing increase productivity by almost three times [1].

While only 50% of managers believe their staff members are affected by mental health conditions, the statistics prove otherwise [2]. Feeling mentally unwell causes at least 20% of the workforce each year to take time off with a further one sixth of the working population going under the radar with mental issues such as sleep problems, stress and fatigue.

Organisations that invest strategically in evidence-based approaches to staff wellbeing can save up to $6 for every $1 invested [3].

In addition, employers are required by work health and safety laws to provide both psychologically and physically safe workplaces.

The issue with psychological health in our workplaces

Psychological health has become one of the nation’s biggest threats to productivity. One in five Australians will experience a mental illness in their lifetime. Estimates suggest that nearly 11% of the full-time Australian workforce had experienced a mental disorder in the past month. Associated costs in performance deficits were calculated at $2.7bn [1] per year.

The largest impact of psychological health on the business bottom line is worker productivity. Both absenteeism and presenteeism (a worker who is not as effective as they could be when they are at work) contribute to the overall performance costs associated with poor mental health.

What can Deloitte do

Organisations that are ‘thriving’ and invest in the psychological health and wellbeing of their people reap the benefits. The challenge however is to tackle mental health strategically and with a focus on desired outcomes.

Our integrated approach involves promoting positive mental health mindsets and improving resilience; addressing existing risks by preventing work-based contributors to mental health problems; and providing support by improving mental health literacy to enable early detection of mental health problems and promote pathways to care.

Our solutions include:

  • Designing bespoke, practical wellbeing and mental health strategies that work for your business
  •  A range of safety, wellbeing, cultural, and psychosocial risk assessments to benchmark and identify areas to focus on
  • Building psychological safety by leading for wellbeing: developing mindful leaders for the future of work by providing tailored leadership training and coaching
  • Wellbeing@work masterclasses underpinned by neuroscience and positive psychology to support wellbeing and the resulting improvement in employee engagement and performance (e.g., positive mental health mindsets and habits, mindfulness and resilience)
  • Innovative remote approaches to increasing wellbeing such as apps, webinars, support forums, phone executive coaching

Benefits for you

By implementing this approach, we believe employers can build employee engagement, boost team productivity and creativity, improve team relationships, reduce absenteeism and workers’ compensation costs and enhance reputation.

Contact us if you are interested in learning more about improving the health and wellbeing of your employees and reducing the impacts of stress and poor psychological health on your business.

 

[1] Medibank Private. Sick at work report. Medibank Private; 2011.

[2] Black Dog Institute. Why mental health training is the most important management skill you’ve never been taught. 9 April 2019. https://www.blackdoginstitute.org.au/news/news-detail/2019/04/08/why-mental-health-training-is-the-most-important-management-skill-you've-never-been-taught-explained

[3] WorkSafe Queensland. https://www.worksafe.qld.gov.au/injury-prevention-safety/health-and-wellbeing-at-work/benefits

Contact us

Vashti Knox

Vashti Knox

Partner, Risk Advisory

Vashti is a Partner in Strategic & Reputation Risk leading Deloitte’s wellbeing and workers’ compensation advisory practice. She is passionate about enabling organisations to improve their productivit... More

Tony Morris

Tony Morris

Partner, Risk Advisory

Tony leads a national team covering subject matter expertise in reputational risk including work health & safety (WHS), crisis, sustainability, risk culture, and safety leadership culture & wellbeing.... More