Case Study: Insurance, Banking, Superannuation

Suncorp is a leading Australian and New Zealand insurance, banking and superannuation group. In 2013, Suncorp identified mental health and wellbeing as a specific and emerging risk affecting their people. They are not alone. Recent reports suggest that mental health and wellbeing in the workplace is a significant challenge facing most businesses in Australia.

  1. The Australian Psychological Society Stress and Wellbeing in Australia Survey 2013 identified that working Australians are reporting decreasing levels of wellbeing and rising stress in the workplace;
  2. In 2013, Comcare reported that workplace stress and psychological injury is estimated to cost Australian businesses $30 billion dollars in 2013 through direct and indirect costs associated with stress and psychological injury compensation claims, low engagement, and reduced productivity.