This report, taking data from over 900 European organisations, shows that:
- The total cost of mental ill health in Europe is €240bn per year. Of this, €136 billion is the cost of reduced productivity including sickness absence, and €104 billion is direct costs such as medical treatment. Productivity loss from presenteeism may in fact cost twice that of absenteeism – warning against a culture of workaholism and long hours – which implies that wellbeing will remain be a key concern for HR leaders and businesses in the UK and across Europe for many years.
- In the UK specifically, 66% of organisations said “Health and wellbeing emerged as a strategic priority for my organisation” and 31% said that “Executives’ stress levels is a key issue in my organisation”.