Latest news with #businesscase
Forbes
20-07-2025
- Health
- Forbes
6 Ways Investing In Mental Health Pays Off For Business And People
The business case for mental health is compelling. Mental health challenges are intense and increasing both in the US and globally. They have huge costs for people and business, but there are also significant benefits when organizations invest in improving mental health. The business case is compelling. Making investments in mental health is the right thing to do for people, and also for business. The Business Case for Mental Health Investment Making investments in people is the right thing for employers to do for plenty of reasons, but among them are compelling benefits for the business. Here's why. Mental health issues are extensive today. Over one billion people globally live with mental health conditions, according to the World Health Organization. The issue is prevalent in the US as well, with 60 million Americans experienced a mental illness in the past year, based on data from Mental Health America. Stress is also a big issue among the workforce. Fully 50% of employees feel stressed during the workday, based on data from the American Psychological Association. And according to a survey of 3,000 people by Stress in America, 27% of people said they struggled to function most days because of their stress. A survey by LIMRA found that 75% of US workers say they have experienced at least one mental health challenge in the past year. These include suffering like depression, anxiety, grief or suicidal thoughts. In addition, 37% of people say they deal with mental health issues often. Investments in mental health are relevant to large numbers of people generally, and in the workforce, in particular. While mental health issues affect all age groups, young people are hit especially hard. According to Mental Health America, one in five young people ages 12-17 experienced a depressive episode in the past year. And more than half of them did not receive mental health treatment. In addition, 91% of Gen Zs reported they were stressed and 98% said they were burned out, according to a survey by Cigna. Investments in mental health are relevant to younger generations, especially. And Gen Z represents the future of the workforce. Mental health challenges also have broad negative impacts from lost productivity and absenteeism to presenteeism and increased medical costs. One day per month of poor mental health was associated with a 1.84% drop in the per capita real income growth rate, resulting in $53 billion less total income each year. This was according to a study by Penn State, published in the Review of Regional Studies. Specifically, A meta-analysis published in the Applied Health Economics and Health Policy journal looked at 38 different studies over 12 years and found that when people struggle with mental health, they are more likely to be absent and disengaged and they tend to be less productive. In addition, estimates suggest that depression costs US employers about $105 billion annually based on treatment expenses, healthcare, turnover and absenteeism. This is according to McKinsey. Investments in mental health help avert the significant negative effects that arise from mental health challenges. But the good news is that when companies invest in mental health, they see a positive return. A study by the Workforce Institute at UKG which included 3,400 people across 10 countries, found when people have positive mental health, 63% say they are committed to their work and 80% say they're energized. In addition, a study published in PLOS One found that when organizations offered training for mangers and leaders in mental health, there was an improvement in attraction, retention, customer service and business performance. In addition, they saw a reduction in long term absence due to mental health issues. In a meta-analysis, employers that invested in both physical and emotional wellbeing experienced a 5% increase in productivity based on a study by the University of California, Riverside. And each dollar spent on wellness programs saved $3.27 in health care costs and $2.73 in absenteeism costs. According to an article published in the Journal of Occupational and Environmental Medicine (JOEM), when organizations offered support for both mental helath and physical health, they saw reduced absenteeism, reduced presenteeism (people who were present at work, but not productive) and increased job performance. Investments in mental health are linked with significant positive outcomes for business. Mental health is also a good investment when you consider ROI more generally. A study published in JAMA Open Network found that for almost 14,000 participants, every $100 invested in behavioral health offered a return of $190 in reduced medical claims costs. In addition, a Deloitte study, demonstrated ROI of $1.62 in the shorter term, and $2.18 when mental health support programs were in place for three years or more, because they delivered increasing returns as they matured. Investments in mental health deliver ROI. Finally, when we consider scaling mental health interventions across nations, McKinsey estimates the impact is $4.4 trillion in GDP by 2050. Further, they expect scaling mental health solutions to enhance the ability of 60 million people to participate in the labor force, globally. Strategies such as increasing access to mental health support can reduce absences and also result in decreased morbidity and mortality. Scaling mental health solutions can also positively impact caregivers. Investments in mental health at scale positively impact GDP and expand opportunities for people. Invest in Mental Health for Business Pay Offs With the mental health challenges people face in both their personal and professional lives, employers have an increasing role to play. Strategies like thinking long term; delivering comprehensive wellness offerings; intervening early with preventative approaches; maintaining and sustaining efforts over time; and tracking, monitoring and continuously improving outcomes all have a positive impact. We can choose to implement mental health programs and policies because it's the right thing to do for people. And we can also choose to invest in mental health because of the compelling business case for employers and economies.
Associated Press
07-05-2025
- Business
- Associated Press
APMG Proud to be Part of 5CS Joint Venture – A Gamechanger for Business Case Development
Transforming business case development with a smart, collaborative, online solution built on the proven Five Case Model. '"The ability to guide users, step by step through the Five Case Model —particularly the Options Framework—is invaluable for any organization aiming to streamline processes and enhance efficiency ".' — Dr Joe Flanagan LONDON, HIGH WYCOMBE, UNITED KINGDOM, May 7, 2025 / / -- APMG is delighted to announce the launch of 5CS (Five Case Solution), an innovative, first-of-its-kind online platform designed to transform how organizations create and develop business cases. As part of a strategic joint venture with 5CS Ltd, APMG is proud to play a pivotal role in bringing this cutting-edge solution to market. 5CS empowers decision-makers to confidently assess whether a project will deliver the desired impact, ensuring benefits outweigh costs and risks, leading to smarter investment decisions and optimal value for money. 'We are thrilled to launch 5CS. It will be a real game-changer for anyone responsible for creating and managing business cases,' said Richard Pharro, CEO of APMG. 'The platform will revolutionize the way people collaborate and communicate, helping organisations instill the Five Case Model across their business, driving positive change, and creating a more efficient and uniform way of working.' Based on the proven Five Case Model Built on the Five Case Model—the globally recognized gold standard for business case development—5CS ensures informed decision-making and effective investment planning. This trusted framework is used by governments in the UK, Wales, Guernsey, New Zealand, and Australia, as well as organizations worldwide. Revolutionizing Business Case Development Traditional business case development can be slow and resource-heavy, but 5CS simplifies the process. By streamlining workflows and removing repetitive tasks, users only need to input key data once, which is then applied consistently across the entire development process—reducing the potential for errors. 5CS is designed to help users navigate the Five Case Model, with the Options Framework at its core. This structured approach allows organizations to systematically identify and refine a broad range of choices for successfully implementing policies, strategies, programs, and projects. Thanks to its intuitive click-and-drag functionality, 5CS users can easily create, adjust, and organize options directly on-screen, making the entire process more efficient. Dr Joe Flanagan, Architect of the Five Case Model and author of the UK HM Treasury Guides, said, 'I'm truly excited to see how 5CS will help drive the adoption of new technologies across organizations. Technology and innovation play a key role in boosting efficiency, especially when it comes to crafting evidence-based proposals for successful project outcomes. The ability to guide users, step by step through the Five Case Model —particularly the Options Framework—is invaluable for any organization aiming to streamline processes and enhance efficiency'. Designed with collaboration in mind, 5CS puts people at the centre of the process. The platform fosters seamless teamwork, helps identify skills gaps, and empowers organizations with the right tools and guidance. Users can schedule workshops, set agendas, and manage documentation with stakeholders and subject matter experts—anytime, anywhere. With built-in resources, support and a knowledge base users can access anytime, 5CS enhances stakeholder engagement, enables real-time communication, and provides clear insights to track progress and measure success. Discover how 5CS transforms business case development, driving successful outcomes. Visit APMG is a global accreditation and certification body that helps organizations and individuals enhance their capabilities and realize their potential. With a focus on excellence, innovation, and collaboration, APMG empowers organizations to thrive in today's dynamic and competitive business landscape. ________________________________________ For media inquiries, please contact: Andie Allan Marketing Campaign Manager [email protected] Andie Allan APMG INTERNATIONAL email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
