MENTAL ILL-HEALTH & SUICIDE COSTS AUSTRALIAN ECONOMY $180 BILLION PER YEAR
On 31 October, the Australian Productivity Commission released its Mental Health Draft Report – it estimates the cost to our economy of mental ill-health & suicide is $43 – $51 billion per year, plus $130 billion for diminished health & reduced life expectancy.
- Nearly 50% of Australian adults will meet the criteria for mental illness at some point in their lives
- 1 in 5 Australians will meet this criteria every year
- Suicide remains the leading cause of death for Australians aged 15 to 44, with approximately 65,300 suicide attempts each year
It’s crucial that businesses take action to increase awareness & reduce the stigma around mental illness and do more to support employee well-being. Our workplace resilience seminars have helped many organisations, most recently KPMG, where staff operate in a volatile & complex environment and are under constant pressure. By learning simple, highly effective techniques, staff enhance coping mechanisms & increase their resilience – more importantly, conversations start that reduce the stigma and normalise our common experiences and challenges.
Please get in touch to see how we can deliver practical, validated techniques to help your workforce.