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The silent struggle: how employee mental health impacts company bottom line

As a business consultant who has experience working with several large companies, Margarita Volovikova has observed a significant oversight when it comes to recognizing the importance of mental health.

Margarita Volovikova (Photo by Marianna Glushenko)
Margarita Volovikova (Photo by Marianna Glushenko)

Opinions expressed by Digital Journal contributors are their own.

The Link Between Employee Mental Health and Company Profitability

Employee mental health is an essential factor often overlooked by larger companies, according to a business consultant Margarita Volovikova. In an article written for the Digital Journal, the consultant emphasized the direct impact that employee mental health has on a company’s productivity, engagement, and bottom line. She discussed this impact with us, outlining how she helps businesses improve their employee well-being and increase their success as a result. 

As a business consultant who has experience working with several large companies, I have observed a significant oversight when it comes to recognizing the importance of mental health. Indeed, companies often fail to understand the crucial role that employee mental health plays in their overall productivity, engagement, and success.

Employee mental health is a vital factor that should not be overlooked, as it directly impacts everything from productivity to employee satisfaction, and ultimately the company’s bottom line. When employees maintain strong mental health, they are more productive, engaged, and motivated. However, when struggling with mental health issues, they are more likely to be absent, less productive, and disengaged.

To address this issue, management can use several methods to promote and maintain their employees’ welfare. The first and most crucial step is to create a supportive work environment. Companies must create a workplace culture that values mental health and supports employees who are struggling with related issues. This can be achieved by providing mental health training to managers and employees, ensuring access to mental health resources, and offering flexible work arrangements.

Encouraging open communication is another effective method for supporting employee mental health. By providing a safe space for employees to discuss their mental health, companies open the door to getting them the support they need. Managers can also encourage team members to take breaks and prioritize self-care by promoting a healthy work-life balance.

Additionally, companies can offer mental health resources such as counseling services or access to mental health professionals. These resources can help employees manage their health, preventing small issues from becoming more significant problems. Companies can also provide opportunities for stress reduction, such as meditation sessions, yoga classes, or even access to a gym.

Another valuable tool that companies can use to promote employee well-being and communication is the Process Communication Model (PCM). The PCM is a personality assessment tool that helps individuals identify their own personality type and communication style, as well as that of their colleagues. This can be incredibly helpful in promoting effective communication and avoiding misunderstandings, which can be a significant source of stress in the workplace.

As a drastically new approach, companies may want to consider offering the use of psychedelic medicine to support employee mental health. Research has shown that psychedelic medicine can be effective in treating a wide range of mental health issues, including depression, anxiety, and PTSD. However, it is essential to note that the use of psychedelic medicine should always be supervised by a licensed medical professional.

All of the above methods are valid, and companies can alter their approaches depending on their employees’ specific needs. What matters most is that companies ensure their success by taking the step to prioritize the mental health of their employees. By creating a supportive work environment, encouraging open communication, offering mental health resources, providing opportunities for stress reduction, and considering the use of psychedelic medicine, companies can promote their employees’ mental health. Doing so will allow them to reap the benefits of a productive, engaged, and satisfied workforce. As an experienced business consultant, I strongly recommend that companies invest in the resources necessary to support their employees’ mental health and well-being.

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Written By

Jon Stojan is a professional writer based in Wisconsin. He guides editorial teams consisting of writers across the US to help them become more skilled and diverse writers. In his free time he enjoys spending time with his wife and children.

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