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Is Mental and Emotional Health a Priority in Your Boardroom?

January 19, 2021

Until recent­ly, men­tal and emo­tion­al health was just not some­thing high per­form­ers talked about – and cer­tain­ly not in the boardroom.

Let’s face it, in the busi­ness envi­ron­ment, achieve­ment and prof­it are the dri­vers of effort and con­ver­sa­tion, and right­ly so. But the demands of deliv­er­ing con­sis­tent­ly high per­for­mance exact a high price, and it’s time to put men­tal health on the agenda.

One good thing about the COVID pan­dem­ic? Peo­ple are now talk­ing more about men­tal health and rec­og­niz­ing the need for strate­gies to help us deal with the demands of the world — and the impact on our Work, Self and Life.

A year ago, atten­dees of the World Eco­nom­ic Forum in Switzer­land were warned by men­tal health experts of a five-fold increase in refer­rals to psy­chi­atric clin­ics. Bipo­lar, they said, is now known as CEO dis­ease” because addic­tion, depres­sion and anx­i­ety are linked to the tenac­i­ty, resilience and risk-tak­ing qual­i­ties that make an excep­tion­al senior executive.

They called it a men­tal health epidemic.

And then along came COVID.

A Men­tal and Emo­tion­al Health Strategy

In this recent Forbes arti­cle about research done after the first lock­down, 64% of peo­ple report­ed com­mon signs of depres­sion and 57% suf­fered from anx­i­ety. It’s clear that we need a men­tal health strate­gies — not just for your­self, but for your busi­ness, as well.

Research num­bers pre­dict a cri­sis in absen­teeism, pro­duc­tiv­i­ty and reten­tion and the abil­i­ty to attract and recruit the right peo­ple. Sin­cere and strong men­tal health poli­cies can min­i­mize busi­ness dis­rup­tions, help you keep val­ued employ­ees and make you more attrac­tive to peo­ple who are a fit with your culture.

Prob­lem or Opportunity?

This isn’t nec­es­sar­i­ly a prob­lem. It’s a mas­sive oppor­tu­ni­ty to rec­og­nize that how peo­ple work is under­go­ing a huge trans­for­ma­tion – and to cre­ate a cul­ture with core val­ues and poli­cies that demon­strate the impor­tance of a well and resilient workforce.

Com­pa­nies around the world are reap­ing the ben­e­fits as they look at a range of options to sup­port indi­vid­ual needs and pref­er­ences. Like the pro­posed flex­i­ble 322 work week struc­ture by aca­d­e­mics at the Uni­ver­si­ty of Zurich. This work week con­sists of 3 days at the office, 2 days work­ing from home, and 2 days for fam­i­ly and friends.

And it’s pay­ing off, for peo­ple and business.

  • Not com­mut­ing, in the US alone, has saved peo­ple about 89 mil­lion hours every week since the pan­dem­ic began.
  • Unilever in New Zealand is test­ing a four-day work week, with no pay reduction.
  • Microsoft‘s four-day work week in Japan saw pro­duc­tiv­i­ty and employ­ee sat­is­fac­tion and well­be­ing increase more than 40%.

Here are some things you can do:

  • Edu­cate your­self and your teams to help de-stig­ma­tize men­tal health issues
  • Learn how to rec­og­nize and deal appro­pri­ate­ly with some­one who needs support
  • Mod­el healthy behav­iours from the top down
  • Active­ly engage in con­ver­sa­tions with your employees
  • Offer men­tal health sick leave and free counselling
  • Review work­loads as part of quar­ter­ly tal­ent reviews and 360 feed­back sessions
  • Work on pre­ven­ta­tive as well as reme­di­a­tion programs
  • Where pos­si­ble, offer flex­i­ble hours and work-from-home options (post-pan­dem­ic) to allow peo­ple to deal with fam­i­ly or per­son­al obligations.
  • Focus on out­comes and results ver­sus how long some­one spends at their desk.

What­ev­er works for your com­pa­ny, bet­ter men­tal health means a health­i­er bot­tom line. Time to put it on the agenda.

The Chal­lenge

Please let us know if you need help with:

  • A keynote pre­sen­ta­tion on the prin­ci­ples of Your Oxy­gen Mask First about how to take care of your­self and your team, in chal­leng­ing times
  • A work­ing ses­sion for your team. These are full of prac­ti­cal tools and infor­ma­tion on how to stay resilient and learn more about men­tal wellness.
  • A Men­tal Well­ness strategy.

Lawrence & Co’s work focuses on sustainable and enhanced growth for you and your business. Our diverse and experienced group of advisors can help your leaders and executive teams stay competitive through the use of various learning tools including workshops, webinars, executive retreats, or one-to-one coaching.

We help high-achieving leaders to have it all – a great business and a rewarding life. Contact us for simple and impactful advice. No BS. No fluff.