Did you know that May is Mental Health Month?
The U.S. Department of Health and Human Services estimates that 43.8 million adults experienced a mental illness in a given year. That translates to nearly one in 25 adults in the U.S. The economic, social and human tolls related to mental health issues are staggering—costing U.S. businesses nearly $70 billion annually in turnover, lost productivity, workplace accidents, medical expenditures and other costs.
Stress, depression and family crisis top the list of workplace mental health issues. The U.S. Centers for Disease Control and Prevention reports that depression alone results in approximately 200 million lost workdays per year. Left untreated, challenges with emotional well-being, mental health or substance use can cripple an individual’s ability to perform everyday activities and are linked to unemployment, marriage instability and lower levels of academic and socioeconomic achievement.
And, as so often is the case, the business community is stepping up to lead the way on how we can help meet the challenge. Our business leaders invest heavily in the workforce in Colorado. Companies like Aetna, RK and Citywide Banks are embracing wellness programs like Mental Health First Aid that empower their employees to make a difference. Businesses are ensuring mental health is covered under their insurance plans to employees. Employers are partnering with local mental health providers and taking strategic steps to reduce stigma. The payoff? Higher productivity and motivation, health insurance cost containment, loyalty and retention, not to mention more diversity, acceptance and respect in the workplace. Ultimately, stronger communities. Win-win-win-win!
Please join the Chamber and so many of our companies in recognizing May as Mental Health Month and add your organization to the list of employers who are making such a difference on this critical issue.
Kelly Brough is president and CEO of the Denver Metro Chamber of Commerce.