Mental illness and substance abuse annually cost employers an estimated $80 to $100 billion in indirect costs alone, and serious mental illness costs America $193.2 billion in lost earnings every year. Additionally, untreated mental illness can be a cost multiplier. Individuals with untreated mental illness will use inpatient and outpatient services three times more than those receiving treatment.
A healthy company depends on an open and positive workplace culture. Unfortunately, the people who need help too often fear the consequences of disclosure. In creating a stigma free environment, employers have the unique opportunity to improve the mental health of employees and their families by leveraging their communication vehicles and healthcare programs. Investing in a mentally healthy workforce is good for business.