elephant in the boardroom - the extraordinary cost of mental stress at work

The Elephant In The

BOARDROOM

The Cost of Mental Stress to the Australian Economy

INADEQUATE PLANNING 70% OVER FAIL

OF CHANGE EFFORTS

FOR EMPLOYEE HEALTH.

DUE TO

…STRESS

40%

OF PEOPLE FELT

EVERY DAY

TYPICALLY STRESSED OUT

34%

ACCOUNTING FOR

OF ALL LOST

PRODUCTIVITY.

&

33.8%

ARE SWORN

OR YELLED AT

OF EMPLOYEES

22.8%

HUMILIATED IN FRONT OF

OTHERS

PREFER TO SUFFER IN SILENCE.

OF EMPLOYEES WITH STRESS AND DEPRESSION

86%

AUSTRALIA IS PAYING THE PRICE FOR EMPLOYEE STRESS

Women account for

58.6% 41.4%

58.6% of mental health claims

33% Worker’s comp.

payments due to stress

33% Mental stress claims due to

WORK PRESSURE

22% Mental stress claims due to

HARASSMENT OR

WORKPLACE BULLYING

$250,000 AVERAGE PAYOUT

for mental stress claims

70% OF

EMPLOYEES WITH

WORK-RELATED

STRESS DIDN’T

CLAIM

BUT IT’S SET TO GET WORSE…

70% 30% 30% INCREASE

REPORTED

PSYCHOLOGICAL

INJURIES

2009-2012

THE ICEBERG IS GETTING BIGGER…

…IS YOUR BUSINESS THE ‘TITANIC’?

FIND OUT MORE:

HTTP://WWW.GRAEMECOWAN.COM.AU/ELEPHANT

Scott Keller and Colin Price, McKinsey: Beyond Performance:

how great organisations build ultimate competitive advantage

Medibank Private: Sick at Work - 2011

Australian Financial Review: R U OK? At Work Survey 2011

Safework Australia: The Australian Workplace

Barometer 2013

Safework Australia: The Incidence of accepted workers

compensation claims in Australia 2013

Australian Bureau of Statistics: 2009/10 work-related injury

survey

Sydney Morning Herald: Under Siege