Workplace Depression Costs Companies Billions Each Year

May 2, 2000
Depression in the workplace costs American companies $44 billion a\r\nyear, but employers can take steps to help their employees that also\r\nhelp to reduce these costs.

Depression in the workplace costs American companies $44 billion a year, but employers can take steps to help their employees that also help to reduce these costs, according to Magellan Behavioral Health.

"The good news is that more than 80 percent of depressed people can be treated quickly and effectively," said Dr. Ann Montgomery, a psychiatrist who serves as chief medical officer for Magellan Behavioral Health''s workplace division. "The key to success is early recognition of symptoms and appropriate intervention."

More than half of the costs associated with depression are incurred indirectly, resulting from absenteeism, lower productivity, turnover, longer disability and increased medical costs from misdiagnosis, according to Montgomery.

Montgomery offers the following tips for supervisors to help them address depression in the workplace:

  • Evaluate your workplace''s attitudes toward mental illness and take steps to reduce any stigma.
  • Remember that people who are treated for depression have a significant likelihood of returning to normal, productive status at work.
  • Actively promote healthy living in the workplace by making educational information such as flyers and posters available to employees about all diseases, particularly depression.

Magellan Behavioral Health specializes in managed behavioral health, employee assistance programs and human services for companies across the United States and Canada.

by Virginia Sutcliffe

About the Author

EHS Today Staff

EHS Today's editorial staff includes:

Dave Blanchard, Editor-in-Chief: During his career Dave has led the editorial management of many of Endeavor Business Media's best-known brands, including IndustryWeekEHS Today, Material Handling & LogisticsLogistics Today, Supply Chain Technology News, and Business Finance. In addition, he serves as senior content director of the annual Safety Leadership Conference. With over 30 years of B2B media experience, Dave literally wrote the book on supply chain management, Supply Chain Management Best Practices (John Wiley & Sons, 2021), which has been translated into several languages and is currently in its third edition. He is a frequent speaker and moderator at major trade shows and conferences, and has won numerous awards for writing and editing. He is a voting member of the jury of the Logistics Hall of Fame, and is a graduate of Northern Illinois University.

Adrienne Selko, Senior Editor: In addition to her roles with EHS Today and the Safety Leadership Conference, Adrienne is also a senior editor at IndustryWeek and has written about many topics, with her current focus on workforce development strategies. She is also a senior editor at Material Handling & Logistics. Previously she was in corporate communications at a medical manufacturing company as well as a large regional bank. She is the author of Do I Have to Wear Garlic Around My Neck?, which made the Cleveland Plain Dealer's best sellers list.

Nicole Stempak, Managing Editor:  Nicole Stempak is managing editor of EHS Today and conference content manager of the Safety Leadership Conference.

Sponsored Recommendations

Free Webinar: ISO 45001 – A Commitment to Occupational Health, Safety & Personal Wellness

May 30, 2024
Secure a safer and more productive workplace using proven Management Systems ISO 45001 and ISO 45003.

ISO 45003 – Psychological Health and Safety at Work

May 30, 2024
ISO 45003 offers a comprehensive framework to expand your existing occupational health and safety program, helping you mitigate psychosocial risks and promote overall employee...

DH Pace, national door and dock provider, reduces TRIR and claims with EHS solution

May 29, 2024
Find out how DH Pace moved from paper/email/excel to an EHS platform, changing their culture. They reduced TRIR from 4.8 to 1.46 and improved their ability to bid on and win contracts...

Case Study: Improve TRIR from 4+ to 1 with EHS Solution and Safety Training

May 29, 2024
Safety training and EHS solutions improve TRIR for Complete Mechanical Services, leading to increased business. Moving incidents, training, and other EHS procedures into the digital...

Voice your opinion!

To join the conversation, and become an exclusive member of EHS Today, create an account today!