Workplace mental wellbeing.

This is a real issue which touches every industry, and impacts every person.

The cost of workplace mental health injury claims has doubled in the past 20 years, and productivity losses have risen up to $39 billion annually. This is an issue that deeply impacts individual workers but also significantly impedes our national economy.

Now more than ever, Australia’s economic growth and prosperity are being put at risk by the challenge of poor workplace mental health and wellbeing.

This is an issue that is impacting workplaces right across the country and it is clear many businesses and organisations don’t have the right solutions to address this challenge.

$17 billion per year due to absenteeism and presenteeism alone.

Turnover costs from resignation are around 6 – 9 months of salary.

Workers compensation claims are rising unsustainably (approximately $543 million annually), straining a system that cannot keep up with demand.

Productivity losses due to poor mental health are substantial, and are estimated to cost approximately up to $180 billion per year with treatment and services not meeting community expectations.

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The Productivity Commission reveals approximately $200 billion of costs result to the Australian economy from mental ill health alone. $17 billion is costed to absenteeism and presenteeism. With 45% of Australians facing a mental wellbeing challenge in their lifetimes, and around 13 million of us in some form of work, this problem is too big to ignore.

At this intersection of unmet needs and the opportunity to make a real difference, a preventative approach can be taken to manage and reduce the risks of psychological injuries and maximise workplace mental wellbeing.

The Well & Productive CRC will deliver tangible, workplace wellbeing and productivity outcomes in the form of new products and services for workers, workplaces and other key stakeholders. The CRC will focus on commercialising new exportable medical technologies for maximising workplace mental wellbeing, establishing us as a national centre for research and innovation excellence with an international impact in commercial settings.

Industry partners and SMEs from corporate Australia, as well as researchers with significant capabilities, expertise and experience in mental health and workplace wellbeing, have joined forces to understand the impacts of work and work environments on individual workplace mental wellbeing and psychological injury prevention. A data-driven approach will be used to optimise workers’ performance and productivity, enabling them to better manage their mental wellbeing and enjoy the full benefits of working life.

This committed consortium is focused on the co-design of customised and targeted innovations that factor the broad unmet needs of workers and workplaces. Together, the consortium is committed to realising practical, implementable and scalable solutions through three complementary and integrated research programs focusing on the translation of impactful research into user-friendly and commercially adoptable products and services.

Our foundational strengths in research, development and innovation provide a strong basis for the world-class work proposed by the Well and Productive CRC.

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Our foundational strengths in research, development and innovation provide a strong basis for the world-class work proposed by the Well and Productive CRC.

In addition, as a consortium we are committed to driving significant positive economic outcomes such as the creation over 4000 jobs in industries such as health technology and advanced manufacturing within 15 years, and translation of the outputs of these new jobs to international markets in the form of commercially attractive products and services.

Our partners provide access to many different markets, and many different settings. Through their deep client and partnership networks, our excellent partners provide access to over tens of thousands of end user organisations across 7 continents including NASA, World Bank, Nike, Pivotal Ventures, USAID, WHO, Rockefeller Foundation, and including more than 90% of Fortune 100 companies, and a majority of Fortune 500 companies. We have an opportunity to make a resounding impact, taking our innovative research solutions in workplace mental wellbeing to the world.