Why wellness should be top of mind for CEOs in 2023

May has been observed as Mental Health Awareness month in the U.S. since 1949. While awareness and treatment for mental health conditions have improved greatly in the last 70+ years, unfortunately, a lot of remains to be done.

According to Project Healthy Minds, more than 615 million people globally are living with a mental health condition. To put that into context, that is the equivalent of the populations of United States, Canada, Mexico, UK, and France combined. It affects more people than cancer yet it’s estimated that 60% of those affected are still untreated, and the numbers of those afflicted with anxiety, depression and other mental health disorders continue to climb.

Mental health is something that affects many of us personally, and it’s becoming a bigger issue in the workplace as the number of those afflicted with anxiety, depression, addiction and other disorders continues to rise. Yet there are still too many leaders who don’t acknowledge what a critical issue this is, and many more who haven’t fully absorbed the implications that mental health has on their workforce. In IT services, where people are your product, this could have significant consequences for a business.

It’s why we identified the growing focus on mental health as one of the 7 trends shaping IT services in 2023. When people are your product, as they are in consulting and professional services, not addressing this growing issue can have serious consequences.

It’s why so many of us here at Tercera are passionate about the topic, and why we’re working with our advisors, leaders across our portfolio and mental health professionals on a series of tools and resources around the topic. Our goal is to help business leaders not only acknowledge the impact of mental health on their workforce, but to assess their current environment and identify opportunities to improve and move up the mental health maturity curve.

Stay tuned for more on this in the coming months. In the meantime, check out our CEO Chris Barbin’s latest Forbes blog on why wellness should be top of mind for CEOs this year.

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