Poor Workplace Conditions Linked to $1 Trillion in Lost Productivity
What happened
The World Health Organization estimates that issues related to depression and anxiety cause 12 billion workdays to be lost every year, translating to around $1 trillion in lost productivity. Gallup reported that employee turnover is often preventable, with 55 percent of exiting employees stating that managers or the organization could have done something to retain them.
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Why it matters
The World Health Organization defines work-related mental health issues as psychosocial risks, which include inadequate pay and job insecurity. Gallup also found that 62% of employees are less likely to feel burned out if their manager is willing to listen to work-related problems.
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Who's involved
- GallupProvided research on employee turnover and the impact of managerial feedback.
- World Health OrganizationProvided estimates on lost workdays and defined psychosocial risks related to mental health.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- GallupSpeculative
Companies might face higher recruitment and training costs due to preventable employee turnover.
- World Health OrganizationSpeculative
Businesses could experience reduced output and revenue due to widespread mental health issues and lost workdays.
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The entities involved
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Gallup
American analytics and advisory company
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World Health Organization
United Nations agency concerned with international public health