The scale of the problem is significant. According to the RIZIV, currently, half a million employees and self-employed individuals have been out of work for over a year. In the past five years, the number of long-term sick leave due to burnout or depression has increased by 43%. This underscores the urgency of investing in mental well-being.
 

The importance of this extends beyond societal responsibility; it is also crucial for the financial health of your company. Mental health issues bring substantial costs. Long-term absenteeism is a key indicator of a company's financial performance. Research from GraydonCreditsafe and Securex shows that companies without long-term sick leave are 1.4 times more profitable. Additionally, high employee turnover is an expensive issue. Companies with low turnover are 1.3 times more productive than businesses where two out of three employment contracts were terminated within a year. The connection is clear: healthy and satisfied employees directly contribute to a profitable business.

We see various costs that we could address to reduce them. We list them below:

1 - Reduced Turnover

A culture of good mental well-being lowers employee turnover, which in turn reduces recruitment and onboarding costs. 
 

2 - Absenteeism Costs

Mental health issues lead to costly absenteeism. A well-being platform can help reduce absenteeism by providing early support. 
 

3 - Productivity Gains / Presenteeism

Improved mental health boosts productivity. Providing employees with tools to better manage stress or enhancing leadership and collaboration can yield directly measurable results. 
 

4 - Non-Measurable Benefits

Beyond the above, good mental health fosters a positive company culture and enhances your organization's agility, bringing various additional benefits (including in personal life).

To make potential savings concrete, you can use an ROI calculator. With an ROI calculator, you can accurately map out the financial impact of your well-being programs. This tool provides insight into the possible savings and benefits of your investments in mental health, allowing you to make better-informed decisions about optimizing your business budget.
 

Example of the calculator we have developed:

Studies show that companies investing in mental health programs can achieve an ROI of up to 5:1. This means that for every euro invested in mental health care, companies can earn back 5 euros through savings and improvements in productivity. By investing in a well-being platform, you can benefit from this positive ROI.

Based on our expertise from client experiences and studies, we have developed a calculator to make cost overview much easier. With our ROI calculator, you can easily calculate how much your company can save annually by investing in the well-being of your employees. You do this by following these steps:
 

1. Choose your sector
2. Enter the number of employees
3. Fill in the various cost items
4. Gain insight into your (hidden) costs as well as an estimate of potential savings from investing in a well-being platform.
 

Go here to the ROI calculator.

For more detailed insights into your employees' well-being, you can use surveys and HR analytics. Regular surveys provide valuable information about your team's satisfaction and mental health. By using tools such as Wenite dashboards, you can collect important data on absenteeism, productivity, and other crucial indicators. This data helps you recognize trends and intervene timely to improve your employees' well-being.

A platform like BloomUp can help your company realize financial and operational benefits.

Do you have questions or want to learn more about how BloomUp can specifically contribute to your organization? Schedule a free, customized cost analysis for your company here.