Your bottom line is impacted not only by the health of your employees but also by the health of your organization.
Here are some provincial and national statistics to demonstrate the costs of doing nothing to promote a healthy workplace.
The Costs of Doing Nothing to Promote Workplace Health
The Hidden Costs
- Bullying in the workplace may result in: increased turnover, increased absenteeism, decreased productivity, poorer customer service, etc. (Canadian Centre for Occupational Health and Safety).
- There are many work-related causes of fatigue. Fatigue is difficult to measure and therefore difficult to report on the costs to a workplace but studies report the following effects: reduced productivity/performance; reduced reaction time; increased forgetfulness; increased sick time, absenteeism and turnover; increased medical costs and accident rates (Canadian Centre for Occupational Health and Safety).
- High work-life conflict, which includes role overload, work-to-family interference, family-to-work interference, and caregiver strain, is associated with low worker retention/high turnover, high levels of burnout, job stress, absenteeism, depressed mood, poor job satisfaction, and less commitment to the organization (Higgens & Duxbury, 2006).
- Organizations that do not focus on work-life balance may be affected by skill shortages by making it difficult to attract and/or retain workers (Health Canada, 2008).
- Depression, anxiety, and post-traumatic stress disorder are the most prevalent mental illnesses in Canadian workforces, each case leading to an average 65 day leave and a $18,000 bill in benefits costs (Canadian Occupational Safety, 2010).
- Increased WSIB rates, increased benefits costs, legal expenses, compromised profits due to error, the costs associated with training replacement workers, decreased productivity, increased absenteeism, etc. These are some of the costs your organization may be facing due to stress in the workplace.
- Job strain significantly increases the chances of mental disorder. Not only is disability related to psychiatric disorders twice as costly as any other cause, but the risk of recurrence is high – 50% after one episodes of major depression, and more than 90% after three episodes (The Royal Institute of Mental Health Research, 2015).
To illustrate, consider the following model of “Impacts of worker health on safety and business performance” developed by WorkCover Queensland:
Promoting wellness in the workplace can help to reduce absenteeism and improve productivity.