In general, there has been some improvement in the level of mental health since the start of 2021. That said, overall wellbeing is lower than before the pandemic, and the cost to businesses has increased. The report estimates the total annual cost of poor mental health to employers have increased by 25% since in 2019. Adding up to around £53-56 billion between 2020-21.
Burnout, exhaustion, mental distance from the job, insecurities, and uncertainty have intensified absenteeism, presenteeism, and labour turnover. Presenteeism – attending work while ill and being less productive – is still the largest category. Yet, turnover has seen the most significant spike. Our survey found that nearly thirty per cent of UK employees (28%) either intentionally left their job in the past year or are planning to leave it in the next year. Moreover, nearly forty per cent of total turnover costs are now attributable to mental health issues.