Psychological injury: The silent risk to Aussie business

Australian workers are facing a mental health crisis, according to recently published research.

study by MinterEllison found that 56% of local organisations have experienced a year-on-year increase in the number of workplace claims related to mental health, with depression and anxiety the most commonly reported problems. This follows an earlier study by Safe Work Australia that found depression costs Australian employers a whopping $8 billion a year through sick leave and absenteeism, with some $693 million of that is due to stress and bullying—one of the highest rates in the world.

Clearly this is a moral issue as well as an economic one, and it requires a strong understanding of the factors in a workplace that contribute to the risk of psychological injury.

Although it is now common to find mental health support strategies within businesses, experts are suggesting that businesses take a risk-based approach to prevent psychological injuries in the workplace. The following steps will help to ensure your business is taking a proactive approach to better manage mental health in the workplace.

Originally Published by Smart Company, to continue reading click here.