Friday, 8 October 2010
Excessive pressure at work is costing Australia's economy $730 million a year due to job-stress related depression, a University of Melbourne and VicHealth report - Estimating the Economic Benefits of Eliminating Job Strain as a Risk Factor for Depression has revealed. Team leader Associate Professor Tony LaMontagne has previously found that "job strain", where workers have little control over their job, but who are under high pressure to perform, accounts for 17 per cent of depression in working women and 13 per cent in working men. The $730 million job strain price tag includes lost productive time, employee replacement costs, government-subsidised mental health services and medications for depression. It equates to $11.8 billion over the average working lifetime, with the biggest loss accruing to employers.