Mental health programs contribute to a positive workplace culture by promoting work-life balance, stress management, and employee morale. Research from the American Psychological Association (APA) indicates that employees who feel supported in their well-being are more likely to report job satisfaction and loyalty to their organization.
Turnover costs can average 18% of an employee's annual salary. Investing in employee health and well-being programs has been shown to reduce turnover rates by creating a more supportive and fulfilling work environment.
According to a study by the International Labour Organization (ILO), businesses that invest in employee health and well-being programs report up to a 25% increase in productivity.
The Centers for Disease Control and Prevention (CDC) estimates that businesses lose approximately $225.8 billion annually due to absenteeism related to poor employee health. However, companies with well-being programs have seen a reduction in absenteeism rates by as much as 28%.
A survey by Glassdoor found that 57% of job seekers consider benefits and perks offered by a company to be a top consideration before accepting a job offer. Businesses with comprehensive health and well-being programs are more attractive to potential candidates and experience higher rates of employee retention.