A country’s culture, history and expectations and attitudes towards mental health can impact how the topic is viewed in society, said one expert.
SINGAPORE: Whether it is out of genuine concern or simply with a corporate bottom line in mind, employers are increasingly, Mr Alistair Carmichael, Expert Associate Partner of the People and Organizational Performance Practice at consultancy McKinsey & Company, told CNA’s Asia Now on Tuesday .
Mr Carmichael added that a country’s culture, history as well as expectations and attitudes towards mental health can have an impact too, and that no country is free from such challenges.. It normalised a lot of the conversation,” said Mr Carmichael, who has been in the sector for about nine years. Mr Carmichael noted that there is “still a long way to go” and each employer’s motivation to tackle the issue could be different. “For some it is genuine care and for some it is the bottom line,” he said.“At the heart of it, it is actually good business to get this right. The potential return for any employer in doing this is double digit in terms of productivity benefits,” said Mr Carmichael.
He added that the staff turnover rate in companies with poor mental wellbeing is typically over 50 per cent, an “exceptionally high” figure.
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