How can employers improve the brain health ecosystem?
Brain health conditions are estimated to cost the global economy $2.5t annually, which can reach $6t by 2030.
Despite the prevalence and proven impact of brain health on people’s lives and social health and prosperity, it remains amongst the least-addressed and least-resourced health concerns. Only 4% of scientific research grants were allocated for mental health between 2015 and 2019, according to a research by The Lancet.
This should be looked into, as three in five employees experience at least one mental health challenge in the course of their career, a global survey by McKinsey Health Institute revealed. Toxic workplaces have also been identified by the survey as an additional stressor.
These brain health conditions also affect employers, especially if not addressed. Toxic workplaces can lead to lower employee retention, which in turn will cause companies to procure additional costs for replacing employees.
Other than retention, mental health challenges can also lead to higher rates of absenteeism and a decline in employees’ organisational commitment.
These can be addressed through companies’ systemic approach, including interventions in form of psychotherapy, medications and treatments, social support, and digital tools.
With adequate medical support, research by World Mental Health Surveys suggests that the majority of those with trauma can show resilience and avoid PTSD. This entails allocating resources for brain health conditions to be able to implement strategies and provide treatment as necessary.
Psychotherapy should also be made available to employees, along with medications that might be needed to help them cope with brain conditions. Their work environment should also contribute to providing a safe space that removes the stigma usually associated with mental health.
It is also time for employers to explore and introduce digital tools for mental health, specifically for anxiety and depression. Whilst consultations and treatment are the best course of action, these tools can provide help when needed immediately.
In the long run, interventions in brain health are actually investments for companies’ human resources. These can minimise negative impacts for both individuals and society as a whole, leading to improved overall well-being and a better quality of life.
