As a Psychological Health and Safety (PH&S) Advisor certified by the Canadian Mental Health Association, I can support organizations in the improvement of psychological health and safety in the workplace, or in the full implementation the National Standard of Canada for Psychological Health and Safety in the Workplace.

Adopting the standard can help organizations with productivity, financial performance, risk management, attracting top industry talent, employee retention and more.

In a 2019 study by Deloitte, it was found that the median ROI on workplace mental health intiatives was CA$1.62 by the 3rd year of implementation of a program, and companies with more than three years into it had a median ROI of CA$2.18

"On average, mental health issues account for 30 to 40 percent of short-term disability (STD) claims and 30 percent of long-term disability (LTD) claims in Canada, with the prevalence of claims for mental health diagnoses climbing by 0.5 to 1 percent every year. In this study, mental health-related STD claims accounted for 30 percent of total claims in 2018 and only increased by one claim per 1,000 full-time employees (FTEs) from 2016 to 2018." *

This only goes to show that even before achieving a positive ROI, organizations can benefit from a Psychological Health and Safety initiative.

Doing nothing is costly for organizations.