Why Employee Well-being Matters for Your Bottom Line-Why Employee Well-Being Matters for Your Bottom Line

Video Transcription

Video Summary

The webinar, moderated by Nicole Clow from PCI, focused on the critical topic of mental wellness in the construction industry, particularly its impact on business operations and profitability. Todd Adams, Sales Manager at JVI, introduced the session by emphasizing the high rates of suicide and depression in the construction sector. His task force, the Emotional Wellness Task Force, aims to raise awareness and mitigate these issues. He highlighted the necessity for leadership, including presidents, CEOs, and HR managers, to actively engage and share their own experiences to reduce stigma around mental health.<br /><br />Cal Beyer, a senior director at The Safe Work, discussed the broader implications of behavioral health on strategic risks in the construction industry. Key points included how untreated mental health conditions, such as depression and substance misuse, significantly impact productivity, quality, safety, and ultimately, a company's profitability. Beyer shared data indicating that depression affects 67% of the workforce and is a leading cause of disability. Substance misuse disorders also critically impact workplace productivity and safety.<br /><br />The webinar underlined the importance of early intervention and support systems, such as Employee Assistance Programs (EAPs) and recovery resources. Closing with a Revenue Replacement Cost model, Beyer illustrated how addressing mental health proactively could save companies significant costs, improve employee retention, and reduce safety incidents. This session aimed to equip leaders with the knowledge to create mentally healthy workplaces, thereby enhancing both employee well-being and business efficiency. All resources and further information were shared via PCI's wellness page and attendees were encouraged to reach out for more information.

Keywords

mental wellness

construction industry

business operations

profitability

suicide and depression

leadership engagement

behavioral health

Employee Assistance Programs

workplace productivity

safety incidents