In 2007, The Sainsbury Centre for Mental Health calculated the average cost of one person leaving their job at £11,625 – just under £16,000 at 2022 prices.
This calculation consists of legal fees; rehiring costs – staff time, advertising, interviewing…; loss of employee whilst recruiting; time for new employee to ‘get up to speed’; impact on others’ productivity.
Petros Protection
For £16,000, at date of publishing, 85 staff members could be trained in a Petros intervention evidenced programme to improve retention and reduce sickness absence. If just one of the attendees who intended to leave then didn’t, the intervention becomes cost neutral. More than one and you are potentially into substantial cost savings.
In one organisation, Petros interventions have been proved to reduced staff turnover by 17%. That’s a saving to that business of over £200,000.
On top of this, no amount of financial consideration takes account of the human cost, which is, arguably, incalculable. No case should need to be made for doing the right thing.
So, the question we need to ask is not, “Can our business afford to address the issue of mind health at work?” , but “Can it afford NOT to?”
So, where do we start? How can organisations ensure people aren’t just surviving, but positively thriving?
In our FREE short eBook, Wellbeing in the Workplace, I look at a range of solutions, interventions and strategies to enhance the psychological wellbeing of employees. I will mostly focus exclusively on emotional, mental and psychological health, not physical health. While mind and body are inextricably linked, the protection of physical health is well covered in existing guidance and legislation. The book also explains The Model of Dynamic Adaption® which suggests WHERE and, importantly, HOW to intervene, thus promoting the best possible mind health for your staff.
Download our free eBook, Wellbeing in the Workplace, today and start to address the very real business case of mind health at work.
Learn more about Petros Founder and Managing Director, Professor Jo Clarke PhD and her highly experienced team.
