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Mental Health In The Workplace

1 in 6 Australians will experience a mental illness at some point in their lives. Regardless of the severity of the condition, your mental health can be either a positive or a debilitating force on you and affect your ability to be productive.

In many cases, your work and workplace can also become a significant source of stress, severely impacting on pre-existing mental health conditions of yourself and your colleagues. If you are in a high-pressure situation or environment, you might liken it to a pressure cooker; too much heat, and you might have a bit of an explosion on your hands.

Suppose you work while suffering from poor mental health. In that case, you may exhibit signs of presenteeism, poor productivity and a higher likelihood of exiting your profession (leading to higher turnover rates for your employer).

That being said, there is no obligation on your part to inform your employer of your mental health condition if it does not affect you and your performance of your role. Many of us experience low levels of anxiety, stress or depression in our day to day lives and can perform adequately regardless. However, you will need to tell your employer if or when your mental health condition:

  • It affects how you carry out your job requirements – this will allow your employer to identify reasonable adjustments to assist you in performing the role regardless.
  • It affects the health and/or safety of you and your colleagues
  • Is affected or could be affected by the nature of your work – failure to disclose a mental illness may disentitle an employee to workers compensation should they suffer any recurrence, aggravation or exacerbation of a preexisting mental illness.

Though you may be tempted to pull a sick day on a day where your mental health isn’t 100% (and it might be the right solution to your particular mental health situation), you can also discuss with your employer (if comfortable with doing so) ways in which you can adjust your duties within reason and benefit from remaining there.

Individuals frequently identify work as providing several important outcomes, including a sense of purpose, acceptance within society, and development opportunities. It may play a pivotal role in a person’s recovery from mental health difficulties.

Concerned About Someone In Your Workplace? 

If you have noticed that things seem amiss with a colleague or even your employer, it’s essential to check in regularly with them. By having regular, informal conversations with your colleagues and employer, you build a sense of belonging and connectedness within the team. It also makes it easier for you to notice changes in behaviour that might not otherwise be expressed vocally, and having an informal relationship based on regular and casual conversations can make it easier to share “difficult” conversations with you.

If you’re someone who often finds it difficult to make large lump sum payments for goods or services, you may want to consider looking into “Buy Now Pay Later” services.

Buy now pay later essentially means that, rather than paying in a full lump sum payment for a product or services rendered, there may be an option to pay through instalments of a certain amount over a set period to make the sum of the full amount in total. This method should allow you to pay in full for the product or service without overly straining your finances – you pay back what you can, as agreed upon when you begin the buy now pay later service.

Some popular buy now pay later services include Afterpay, Zip Pay, Brightepay, and some credit card networks such as  Mastercard and Visa, can offer buy now pay later arrangements.

Though it can be a convenient, immediate solution, it may be challenging to juggle the necessary repayments with other financial commitments. It’s not always the most appropriate method for people, and you should bear in mind your situation and ability in paying back the amounts. 

Before you sign up, keep in mind: 

  • It becomes easier to overspend with buy now pay later services, so know your limits on what you can and can’t afford.
  • You will be charged fees and costs to use the service, which can add up to a princely sum in and of itself.
  • Keeping track of your payments can be tricky if you’ve signed up for multiple services.
  • It could affect your loan applications for a car or mortgage as lenders consider buy now pay later spending just as much as your credit score.
  • Late repayments can appear on your credit report, which affects your ability to borrow money in the future.
  • Layby can be a cheaper alternative to buy now pay later, with no account-keeping or late fees to consider

If you are someone who could make use of BNPL services, you may wish to:

  • Ensure that when using the BNPL service, you stick to a set limit on what you spend so that you can comfortably pay it back later. 
  • Aim only to have one BNPL account at a time to manage payments through, rather than confuse yourself with multiple payments across different providers.
  • Always budget for bills, loan payments and BNPL payments, and 
  • Rather than use your credit card for payments to your BNPL account, consider linking to your debit account instead.

If you would like assistance in planning your financial future, help in managing your budget or some friendly advice, see us for a chat about what we can do for you.

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John Briggs

Jane Noller has been my accountant for the last 15 plus years. I can testify to Jane’s professionalism and expeditious manner in dealing with the day to day issues that surrounds our business accounting.

John Briggs

Registered Building Certifier

David and Alison Parker

I have been consulting J L Noller and Co. (more specifically Jane) for six years and during this time I have found her to be professional, efficient and easy to discuss all accounting and taxation matters with. Her office team are all polite and friendly also.

David and Alison Parker

Business Owner

Carl Gillmore

I have used Jane & the team for the last 6 years for all of my business & personal accounting needs. They have always been professional, easy to talk to & available when we have needed assistance.

Carl Gillmore

Carl Gillmore Landscape

John Briggs

Jane Noller has been my accountant for the last 15 plus years. I can testify to Jane’s professionalism and expeditious manner in dealing with the day to day issues that surrounds our business accounting.

John Briggs

Registered Building Certifier