Due to the coronavirus pandemic, there has been a deterioration in many people’s mental health – 60% of adults and 68% of young people (13-24 years) said that their mental health deteriorated during the first lockdown. (Mind The Mental Health Emergency 2020)
Presenteeism (turning up to work when mentally unwell) has more than tripled since 2010 – 83% of employees have said they have seen this in 2019 compared to 24% in 2010. It costs three times (£17 billion – £24 billion per year for UK employers) as much as sick leave due to a loss of productivity of those in work but not working to their full capacity. (Mental Health and Employers: The Case For Refreshing Investment 2020
The average cost of recruitment in the UK is £3000 and 27. 5 business days and this is a conservative estimate and some recruiters state it can cost upwards of £12,000 depending on the annual salary of the job you are recruiting for.
Poor culture in a business can really slow down growth. “Culture is an organisation’s strongest competitive advantage. Organisations which build trust and engagement create workplace cultures that deliver outstanding business performance.” (www.greatplacestowork.co.uk 2020)