Mental health in the workplace is no longer just a matter for human resources—it’s a business imperative. Companies that prioritize employee well-being benefit from higher productivity, stronger retention, and improved organizational performance. Investing in mental health is not only the right thing to do—it’s also a smart financial strategy.

In this blog, we’ll explore the financial and operational benefits of workplace mental health programs and how your organization can take proactive steps to support employee well-being.

The High Cost of Ignoring Mental Health

Poor mental health in the workplace drives up absenteeism, presenteeism (when employees work while unwell and underperform), and disability claims. According to the Mental Health Commission of Canada:

• 500,000 Canadians miss work each week due to mental health concerns.
• Mental illness costs the Canadian economy more than $50 billion annually, including lost productivity and increased health care usage.
• Mental health conditions represent approximately 70% of disability costs in the workplace.

Neglecting mental health doesn’t just impact individuals—it creates significant operational and financial strain for employers.

The ROI of Investing in Mental Health

Supporting mental health in the workplace delivers measurable results. A Deloitte Canada report found that for every $1 invested in mental health programs, organizations can expect a return of $1.62 to $4, depending on the type of intervention and the maturity of the program.

Here’s how mental health programs drive ROI:

1. Reduced Absenteeism & Presenteeism

Employees who receive timely mental health support take fewer sick days and are more focused and productive at work.

2. Lower Disability & Workers’ Compensation Costs

Early access to mental health care—such as therapy or counselling—can significantly reduce the duration and cost of mental health-related disability claims.

3. Improved Productivity & Morale

When employees feel psychologically safe and supported, they are more engaged, more motivated, and better equipped to manage stress.

4. Stronger Recruitment & Retention

Organizations that promote mental well-being are more attractive to top talent and experience lower turnover, reducing the high costs of recruitment and onboarding.

Building an Effective Workplace Mental Health Program

To see real impact, employers must take a proactive, structured approach. Here are key strategies:

• Implement Employee Assistance Programs (EAPs): Ensure confidential access to mental health counselling and support.
• Train Managers: Equip leadership to recognize signs of distress and provide effective support.
• Promote Work-Life Balance: Encourage flexible work hours, mental health days, and accommodations when needed.
• Foster a Culture of Openness: Break stigma by normalizing conversations around mental health.
• Accelerate Access to Care: Programs like QuikCare Mental Wellness offer rapid access to Cognitive Behavioural Therapy (CBT) and live video therapy sessions—enabling employees to recover faster and return to work sooner.

Mental Wellness Is a Business Advantage

Supporting mental health isn’t a cost—it’s an investment with measurable returns. From reducing disability claims to improving workplace morale, organizations that prioritize employee well-being outperform those that don’t.

TeksMed’s Mental Health Workshops—led by experts like Dr. Steve Conway—equip both employees and leadership teams with the tools to build a mentally healthy work environment. Available virtually or in person, these sessions are an ideal starting point for creating lasting change.

Want to learn more?
Contact TeksMed to explore how we can help your organization improve mental wellness, productivity, and ROI.