Thriving at Work
In October the Stevenson Farmer Report quantified the impact on the workplace and workforce of poor mental health.
There is a large annual cost to employers of between £33 billion and £42 billion (with over half of the cost coming from presenteeism – when individuals are less productive due to poor mental health in work) with additional costs from sickness absence and staff turnover.
The cost of poor mental health to Government is between £24 billion and £27 billion. This includes costs in providing benefits, falls in tax revenue and costs to the NHS.
The cost of poor mental health to the economy as a whole is more than both of those together from lost output, at between £74 billion and £99 billion per year