Stop Destroying Lives. Stop Destroying Profits.

A 2014 research paper, funded by beyondblue and the National Mental Health Commission and prepared by PricewaterhouseCoopers Australia (PwC), is titled "Creating a Mentally Healthy Workplace: Return on Investment Analysis." The paper suggests that implementing effective measures to promote mental well-being in the workplace can yield a return on investment (ROI) of at least $2.3 for every dollar spent. These benefits arise from reduced presenteeism, absenteeism, and compensation claims. The logic model provided by PwC allows for the forecasting of ROI for leadership well-being programs.

Potential Case Study:

A three-year project is in progress, with an alliance investing in the Integrated Approach to Wellness for 10 leaders and 60 workers at the beginning of the project. Approximately 20% of the workers experience moderate stress, anxiety, and depression carried over from previous projects, which has led to increased absenteeism, presenteeism, and potential compensation claims.

Results:

Utilising PwC's logic model, an investment of $237,836.40 in the Integrated Approach - covering service costs, employee wages, and hours spent attending workshops outside regular job roles - results in a 40% reduction in absenteeism, presenteeism, and compensation claims. In the first 12 months of implementing the program for the 10 leaders and 60 workers, construction projects can expect a return of $208,828.60. The benefits continue into the second year, producing $337,794.72, and in the final year of the three-year project, a smaller workforce generates a return of $128,966.12. The total return on investment amounts to $784,860.12, or 230%.