Canada's transition to a knowledge economy could suffer if business doesn't take mental health seriously

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Conservative estimates place the economic impact of poor employee mental health at $50 billion a year

by Deloitte in 2019 said, on average, 30 to 40 per cent of short-term disability claims are for issues related to mental health. The study put the annual price tag for absenteeism and “presenteeism,” a term used to describe working while unwell, at $6.3 billion in lost productivity.

“I don’t want my people to burnout so we try to do everything on the front end of this so that they don’t get there,” said Nicolas Marcoux, who leads the Canadian operations of PricewaterhouseCoopers LLP, the global accounting and consulting firm.Article content Facing a gloomy winter, nearly half of Canadians considered leaving their jobs due to Zoom fatigue, increased isolation, and nonstop work emails, according to the Hays Salary Guide, an annual report on hiring trends published by Hays PLC, a British recruiting firm. More than half of the employers covered by the survey said they did nothing for employee wellness and/or mental health.

That’s part of the reason why growing mental health burdens, especially in the tech sector, are front of mind for Barrenechea. As the pandemic dragged on, the Waterloo, Ont.-based company hired a nutritionist, added a “fitness guru,” and expanded its benefits packages to include daycare coverage and mental-health services, he said.

 

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Transition to what?, are you kidding me,without your own manufacturing you are nothing but a puppet in the world economy of today ( can I please have ,or It was my idea but I’ll do whatever/pay whatever you want to have some of that). Pandemic , vaccines ring a bell anyone.

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