Poor mind health costed the UK economy £102 billion in 2023, with an estimated £2.1 trillion lost globally last year due to employee’s mind health issues, according to AXA UK.
As part of the annual AXA Mind Health Study, the provider surveyed 16,000 people aged 18-74 from 16 European, Asian and American countries, with the data being supplemented by economic modelling by the Centre for Business and Economic Research (Cebr). Specifically, the UK economy lost around £26b from workers taking sick days last year, and a further £57.4b from workers being less productive due to work-related mind health conditions, while the remainder was lost from workers who chose to leave their jobs altogether. According to AXA UK, half of UK adults were experiencing issues with...
To continue reading this article...
Join COVER for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.
