Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

The Real Costs of Workforce Depression

2,048 views

Published on

Employees who live with depression know its costs only too well. Employers, however, are likely to greatly underestimate depression’s impact on their employees and the costs to their business.

Published in: Business, Health & Medicine
  • Be the first to comment

The Real Costs of Workforce Depression

  1. 1. Source: The Real Costs of Depression in the Workforce , Integrated Benefits Institute, 2009
  2. 2. IBI Research on the Real Costs of Workplace Depression Purpose: Quantify the full costs of workforce depression to include lost productivity <ul><li>Key Insights: </li></ul><ul><li>“ The common cold of mental health,” depression affects only 16% of STD claims, but their cost, duration and complexity grabs employer attention </li></ul><ul><li>Medical payments for STD with depression represents only about a third of their full costs, ignoring wage replacement payments and lost productivity. </li></ul><ul><li>Most significantly, lost productivity is greatest for those employees still working, with more than 80% of all lost productivity for depressed employees associated with sick leave and presenteeism . </li></ul><ul><li>Evidence in the research and expert advice suggests that early identification and treatment of depression may reduce overall costs. </li></ul><ul><li>Other evidence associates relatively minor depression treatment costs with substantially higher medical and wage loss costs. </li></ul><ul><li>The full study is available to members of IBI. </li></ul><ul><li>Commentary is available in Notes view. </li></ul>
  3. 3. Depression and STD Claims N = 45,171 EEs Source: The Real Costs of Depression in the Workforce , Integrated Benefits Institute, 2009
  4. 4. STD Lost Time by Depression Source: The Real Costs of Depression in the Workforce , Integrated Benefits Institute, 2009
  5. 5. STD with Depression – Full Costs $11,385 $20,322 Total full costs = $31,707 Source: The Real Costs of Depression in the Workforce , Integrated Benefits Institute, 2009
  6. 6. Co-Morbid Depression Group $34,598 $27,223 Source: The Real Costs of Depression in the Workforce , Integrated Benefits Institute, 2009
  7. 7. Total STD Costs by Component – No pre-STD depression treatment – $26,846 $10,159 $1,124 $3,603 $11,960 Source: The Real Costs of Depression in the Workforce , Integrated Benefits Institute, 2009
  8. 8. Total STD Costs by Component – No pre-STD depression treatment – $26,846 $10,159 $1,124 $3,603 $11,960 $605 Source: The Real Costs of Depression in the Workforce , Integrated Benefits Institute, 2009
  9. 9. Total STD Costs by Component – No pre-STD depression treatment – $26,846 $34,598 $10,159 $1,124 $3,603 $11,960 $16,544 $4, 460 $1,931 $11,058 $605 Source: The Real Costs of Depression in the Workforce , Integrated Benefits Institute, 2009
  10. 10. Depression from a Broader View: HPQ Self-Reports <ul><li>Prevalence: 28% </li></ul><ul><ul><li>Currently not in treatment: 70% </li></ul></ul><ul><li>Lost time </li></ul><ul><ul><li>Absence: 2.2 days/person/year </li></ul></ul><ul><ul><li>Presenteeism: 7.5 days/person/year </li></ul></ul><ul><li>Co-morbidity </li></ul><ul><ul><li>97% of depression cases are co-morbid </li></ul></ul><ul><ul><li>Average of 7 co-morbid conditions </li></ul></ul>Source: The Real Costs of Depression in the Workforce , Integrated Benefits Institute, 2009
  11. 11. Components of Lost Productivity for Depressed Employees Source: The Real Costs of Depression in the Workforce , Integrated Benefits Institute, 2009
  12. 12. What Does the Research Teach? <ul><li>Look beyond the STD diagnosis </li></ul><ul><li>Broaden scope beyond claims costs to include lost productivity – improved ROI </li></ul><ul><li>A little depression may go a long way </li></ul><ul><li>Self-report data must be integrated for full costs </li></ul><ul><li>Employers should consider presenteeism effects to see what really drives productivity </li></ul>

×