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2010/11 - Bosses in the Dark on Depression

Bosses in the Dark on Depression

November 24, 2010

NEARLY two-thirds of bosses admit they'd struggle to recognise the symptoms if a staffer was suffering depression.

But three out of four chiefs say the government needs to invest more money in work-related mental health initiatives.

The Executive Connection (TEC) polled 300 bosses on mental health issues as part of a study to tie in with men's health initiative, Movember.

TEC regional chair Harvey Martin said 93 per cent of those polled said they believed men would struggle to discuss their problems and feelings with others.

"Each year, undiagnosed depression in the workplace costs Australian business $4.3 billion in lost productivity," Mr Martin said.

One in four respondents said pride would stop men from seeking help, he said.

"Regardless of your role or pay packet, it's important to have access to a peer support network where you can talk openly about issues affecting you."

Avoiding mental health issues could have a devastating effect on individuals but could also undermine a business' bottom line, Mr Martin warned.

Almost half of the bosses surveyed suggested support for mental health should come from peer support networks in the workplace. Three in 10 said independent organisations could do more to address the issue.

TEC chief Chris Gorman said good management kept mental health high on the agenda.