Risk Management Flew Over the Cuckoo's Nest
Guest Contributor:Vic Hardy There are compelling statistics on just how prevalent mental illness is in the workplace. Research shows that Australian bu...
Guest Contributor:Vic Hardy There are compelling statistics on just how prevalent mental illness is in the workplace. Research shows that Australian bu...
Guest Contributor: Vic Hardy
There are compelling statistics on just how prevalent mental illness is in the workplace. Research shows that Australian businesses lose over $6.5 billion each year by failing to provide early intervention and treatment for employees with mental health conditions. In relation to psychological injury claims, work pressure accounts for around half of all claims, compared to harassment and bullying which account for around a quarter of claims.
‘Mental illness in the workplace is a reality. Improperly managed, it poses real risks in terms of reduced productivity, workplace conflict and loss of morale, not to mention the spectre of corporate and executive liability if these issues continue to be neglected by senior decision-makers.
‘Just as organisations have put in place practices to manage physical injuries in the workplace as part of their ‘business as usual’ obligations, they should now also address the implications of widespread mental illness in the workplace and adjust their risk management polices and OH&S practices accordingly,’ Mr Sheehy said.
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Fast facts about mental illness in the workplace