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Worker Depression Can Cost You Money

By , About.com Guide

Everybody gets sad once in a while. Ten to twenty percent of the US workforce gets clinically depressed each year. That depression costs you money in terms of absenteeism, lost productivity, reduced quality, employee turnover and on-the-job accidents. A 2003 study put the cost at over $44 billion per year.

What can you do about it?

Train your managers to recognize the symptoms and deal with them in a compassionate, but direct manner.

Teach your employees that depression is an illness that can be treated, and usually cured. Create an environment where your employees can receive confidential diagnosis and treatment without fear of reprisal.

Provide help to depressed employees through an in-house Occupational Physician or an Employee Assistance Plan (EAP).

Bottom Line

Don't overlook depression as a possible cause of poor performance by your employees. They may not just be "burned out." They may need your help to return to their former levels of productivity.

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