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Mental Health, Well-being, and Work-life Balance: Why Should It Matter for Business?

Workland

July 8th, 2024

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Increased Productivity and Competitiveness for Talent

When employees feel mentally and physically well, they are more likely to be engaged and motivated at work. According to a study by the World Health Organization, for every $1 put into scaled-up treatment for common mental disorders, there is a return of $4 in improved health and productivity. Companies that prioritise mental health and well-being programs can see substantial improvements in overall performance.

By promoting a healthy work-life balance and providing mental health support, businesses can reduce absenteeism and retain their talent. This not only saves on recruitment and training costs but also maintains continuity and stability within the team.

 "Among our community members, we often hear that inspiring, comfortable, ergonomic workspace is a must to attract professionals to a team. Rethinking a workspace to not be only a grey cubicle, but rather a core of the team, which can inspire, increase productivity, help to maintain a work-life balance and strengthen team connections, is one of the main trends in both job and workplace market," comments Jekaterina Zilpausa, Workland fully serviced offices and coworking spaces Commercial Manager in Latvia.

Jekaterina Zilpauša, Workland fully serviced offices and coworking spaces Commercial Manager in Latvia
Jekaterina Zilpauša, Workland fully serviced offices and coworking spaces Commercial Manager in Latvia

Antti Ervasti, a psychotherapist at CupOfTherapy adds that mental well-being is crucial to the success of a business as it directly impacts productivity, creativity, and employee engagement. 

“A healthy mental state fosters better decision making, improved problem-solving skills, and effective teamwork, leading to increased efficiency and innovation. Additionally, businesses that prioritise mental health tend to have lower turnover rates and higher job satisfaction, creating a more resilient and motivated workforce. Ultimately, investing in mental well-being not only enhances individual performance but also drives the overall growth and sustainability of the organisation,” - says psychotherapist.

CupOfTherapy psychotherapist Antti Ervasti
CupOfTherapy psychotherapist Antti Ervasti

Strategies to Promote Mental Health and Well-Being in the Workplace

The most important thing in fostering a workplace where people can work effectively and simply be happy is that it does not necessarily cost a lot. Simple strategies like fostering a supportive work environment through short events, workshops, or simple initiatives can be effective.

"Sometimes people are surprised, but even an office space itself can offer lots of benefits that might increase the mental health state of employees – like different corners supporting various working styles and individuality, community events, even the feeling when you go to the office and you know you can concentrate on your work without any distractions and additional tasks. Also, location is something we cannot forget about – if a company chooses a location that is comfortable for its employees, minimising distances, helping them reach all daily services easily – that’s already a huge contribution to maintaining work-life balance," comments Jekaterina Zilpausa.

On the 10th of July 2024, at 15:30, a free event about mental health “What are the components of healthy self-worth” will be held at Workland Telegraph, Audēju iela 15, Rīga, where Antti Ervasti - a psychotherapist, writer, lecturer, CEO of CupOfTherapy (Finland) will share practical tips & tricks on how to maintain your mental health balanced in modern, fast paced world. To participate, please register here: https://workland.typeform.com/to/H1mP7Kk7

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