The issue of behavioral health is all too often overlooked as a trivial concern. The truth is that our collective mental health is in crisis.
Unfortunately, making this problem even worse is the stigma heavily associated with the psychological conditions experienced by a staggering percentage of the workforce. This stigma keeps employees from addressing their mental health.
This crisis is not only hurting our psychological well-being but our physical health and our wallets too. Behavioral health issues decrease employees’ effectiveness and efficiency, limit their ability to work at their highest level and, drive absenteeism.
To put this in perspective we can consider the following:
- Major depression alone costs the global economy an estimated $210.5 billion annually.
- 20% of the working-age population in Organization for Economic Co-operation and Development (OECD) countries are affected by mild to moderate disorders at any given moment.
- Direct and indirect costs of behavioral illness are estimated to total up to 4% of global Gross Domestic Product (GDP), exceeding the burden of cancer, diabetes, and respiratory disease combined.
Alarmingly, these statistics predate the COVID-19 pandemic, and behavioral health impacts from COVID have risen from 32% to 53% between March and July of 2020.
Contact me below to talk about how we can work together to alleviate some of the pressures of this crisis in your organization.
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