The Business Case for Investing in Stress, Wellbeing and Resilience Training
In today's fast-paced business environment, stress, burnout, mental health issues, and high staff turnover are significant challenges that many UK organisations face. Here's why investing in stress and resilience training is not just beneficial but essential for your business.
The Current Landscape
Work-Related Stress and Anxiety: According to the Health and Safety Executive (HSE), 0.9 million workers were suffering from work related stress, depression or anxiety (new or long-standing) in 2022/23.
New Cases: 338,000 Workers suffering from a new case of work-related stress, depression or anxiety in 2022/23.
Days Lost: 17.1 million Working days lost due to work-related stress, depression or anxiety in 2022/23.
Economic Impact: Mental health problems in the UK workforce cost employers up to £45 billion each year, according to Deloitte's 2022 report on mental health and employers.
Employee Turnover: A study by the Chartered Institute of Personnel and Development (CIPD) found that stress is one of the top causes of employee turnover, with 25% of employees considering leaving their job due to high stress levels.
Productivity: Research by Mental Health First Aid (MHFA) England indicates that for every £1 spent on mental health interventions, employers get back £5 in reduced absence, presenteeism, and staff turnover.
The Compelling Case for Investment
1.
Boost Productivity and Performance
Stress and resilience training equips employees with the tools they need to manage stress effectively, leading to improved focus, efficiency, and overall performance. Resilient employees are better at problem-solving and adapting to change, driving innovation and success in your organisation.
2.
Building Personal Resilience
Individuals feel more motivated, empowered, and energised by accessing their personal resilience tools. Recognising the signs of stress in themselves and others enables them to access the appropriate support and maintain their well-being.
3.
Reduce
Staff Turnover
High turnover rates are costly and disruptive. By investing in resilience training, businesses can increase employee satisfaction and loyalty. Engaged and supported employees are more likely to stay with the company, reducing the costs associated with hiring and onboarding new staff.
4.
Create a Positive Work Culture
A culture that promotes resilience and mental well-being attracts top talent and enhances the company’s reputation.Employees are more likely to recommend their workplace to others, enhancing your employer brand.
5.
Increase ROI
Companies that invest in employee well-being and development see a return on investment through higher productivity, lower healthcare costs, and improved employee retention.
6.
Better Teamworking and Communications
7.
Vision and Values Alignment
Resilience training encourages individuals to take personal accountability and responsibility, exploring options and solutions to resolve problems. This includes communicating with team members and senior leadership to identify the best solutions and service offerings for customers.
8.
Enhancing Collaboration
Developing behaviours and habits aligned with the future vision and values of the organisation is crucial. Individuals can identify when their behaviours and habits are either contributing to or detracting from team objectives.
