s economy. However, according to the latest estimates, 70 percent of the employed population in Europe suffer from mild to moderate mental health conditions.
Mental illness also has a significant impact on people’s ability to work, limiting their capacity to participate in the labour market. Studies show that employment rates among people with severe mental disorders were as low as 45-55 percent.
The high episodes of absenteeism and presenteeism among people suffering from mental health also results in high costs to the employers’ equivalent to the 1.6 percent of European GDP in loss in labour productivity. The COVID outbreak is further expected to worsen the economic impact of mental health, especially among youth and people from lower socio-economic status.
This further underlines the urgency for addressing the unfurling mental health crisis. With the surge in the number of mental health cases among the workforce, employers have a key role to play in plugging the gaps and responding to the mental health needs of the workforce.
Since its inception fifty years ago, Angelini Pharma has been committed to improving people’s mental health and well-being. Recognising the urgent need for addressing the bubbling mental health crisis in Europe, Angelini Pharma in partnership with The European House Ambrosetti launched Headway in 2017.
A multi-disciplinary platform for knowledge exchange, Headway, aims to prevent, diagnose, and find innovative solutions to reduce the burden of mental health and the associated stigma. The initiative was designed to complement the existing programmes of the World Health Organisation by encouraging strategic reflection and analysis of mental health management across Europe.
It brought together over 40 experts from the medical and scientific community and representatives from patient and family health organisations to spark debate and discussion on best practices for addressing mental health issues.
On October 7, ahead of the world mental health day on October 10, Headway 20233 will be launching a holistic mental health index for Europe providing a comprehensive overview of the state of mental health and response systems at workplace, schools, and society.
By presenting a detailed country-wise analysis of gaps and best practices across Europe, the report is intended to serve as a guide for governments and organisations to mitigate mental health issues.
Despite the debilitating impacts of the pandemic, it presents us with an opportunity to address the ticking mental health crisis. As we build back our economies and societies from the ravages of COVID-19, it is vital to put mental health at the heart of recovery efforts.
We must all wake up to the mental health emergency and put mental well-being on top of the public health agenda.