The Why and How of Psychological Risk Assessment

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The impact of psychological well-being on an organization’s performance is substantial. Excessive stress, anxiety and depression cost companies billions globally as the result of employee absences, high turnover and reduced productivity.

The good news is that organizations that invest in the psychological health of their team can experience a fourfold return on that investment in the form of motivation, creativity, resilience and improved performance.
The global pandemic has certainly helped shine a light on the importance of psychological health in the workplace, providing a dramatic example of how external factors affect an organization’s internal climate. While the drastic events of the last two years have demonstrated the need for resilience and flexibility in the workforce, there are other changes underway, especially related to advances in technology, that will require employees and organizations to adapt, think creatively and respond thoughtfully. This is only possible when psychological wellbeing is valued and fostered.
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