Although 80% of the workforce have reported mental health problems in the last year, only about 30% of those affected have taken steps to manage symptoms.
This was according to a survey on mental health and wellness in the workplace conducted by Deloitte Touche Tohmatsu India LLP (DTTILLP), which said that social stigma prevented those affected from seeking help.
The survey found that 47% of respondents considered workplace-related stress to be the most important factor affecting their mental health, followed by COVID-19 and financial challenges.
Additionally, the survey also found that 33% of all respondents continued to work despite poor mental health, 29% took time off work, and 20% quit to better manage their mental health.
The survey also estimated that poor mental health among employees costs employers about $14 billion per year due to absenteeism, presenteeism and attrition.
Punit Renjen, Global CEO of Deloitte, said: “This study demonstrates that companies must prioritize the mental health and well-being of their people. Senior leaders must play an important role in destigmatizing mental health issues within their organizations.”
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Charu Sehgal, Partner and Life Sciences & Healthcare Leader at DTTILLP added: “Mental health-related challenges are not new to the Indian workforce, but they have come to the fore in light of COVID -19, and a younger workforce that is open to talking about their well-being.”
