Asset Management

Do You Consider Your Employees’ Mental Health?

By Rob Enderle

Too often, leaders don’t invest in employee mental health—and it’s bad for business. A series of studies shows that Millennials and CEOs have something in common on the mental health front: depression. Not addressing the issue, argues one writer, is just plain stupid management.

Rob Enderle writes, “I recently had an interesting discussion with Dennis Miller who wrote the book: Moppin’ Floors to CEO: From Hopelessness and Failure to Happiness and Success. He referenced a series of studies that pointed to issues based on depression experienced at the bottom and top of virtually all organizations.

“Apparently, Millennials who are entering companies and the CEOs who run those companies have something in common. Both groups are apparently very unhappy and have high incidences of depression, significantly greater than other age groups or other executive levels. Companies aren’t set up to deal with the Millennial problem and, I expect, the similar CEO problem is why so many of them are connected to broken families and career-killing foolish decisions.

“His premise, supported by the studies, is that we aren’t focusing enough of mental health for employees and we are likely ignoring problems at both ends of the spectrum. I looked at the studies over time and it is clear, generationally, things are getting worse. For corporate performance, this means that Boomers, who were comparatively stable and well-adjusted are being replaced by Millennials, who are increasingly neither.

“This poor mental health leads to absenteeism, acting out, health problems, and a sharp reduction in productivity. Unhappy, depressed people aren’t going to be your best performers. Coincidently, these studies corresponded with the results from a forensic analytics company that identified the cause for why the Affordable Healthcare Act (Obamacare) was underwater financially: When costs and prices were determined they didn’t figure in mental health care for Millennials and, apparently, Millennials need a ton of mental health care.”

Read the full article.