In 2019-20, Mental stress was the fourth largest cause of serious workers’ compensation claims responsible for 8% of serious claims. It is becoming increasingly important for employers to better manage psychosocial employee wellbeing.

Untreated mental health conditions cost Australian workplaces $10.9 billion per year – $4.7 billion in absenteeism, $6.1 billion in presenteeism and $146 million in compensation claims, according to a PwC and Beyond Blue report on mental health in the workplace.

Absenteeism, reduced productivity, and compensation claims cost Australian workplaces approximately