By John Greenwood 27 October 2017.
The The Thriving at Work review, written by Lord Dennis Stevenson and Mind chief executive Paul Farmer, has found poor mental health is costing the UK economy up to £99bn a year, with 300,000 people with a long-term mental health problem losing their jobs each year.
The review found that poor mental health costs UK employers between £33bn and £42bn a year, with over half of the cost coming from presenteeism – where individuals are less productive due to poor mental health in work. These costs come from additional costs from sickness absence and staff turnover, says the report, which calculates the cost of poor mental health to Government, including costs in providing benefits, falls in tax revenue and costs to the NHS, as being between £24bn and £27bn, .
Evaluations of workplace interventions carried out for the review by Deloitte show a return to business of between £1.50 and £9 for every £1 invested.
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