Business strategy should include mental wellness

Loading player...
Creating psychologically safe workplaces needs to be a part of any business strategy.

This is according to Professor Renata Schoeman [https://renataschoeman.co.za/], the head of the MBA in Healthcare Leadership programme at the Stellenbosch University Business School.

She tells the OFM Business Hour that mental wellness in the workplace has become even more important in the wake of the Covid-19 pandemic.

Also Read: 'More clients going digital’ – marketing guru | OFM

Schoeman, who is also a psychiatrist by profession, says the return of investment for each rand a business spends on mental health is easily R3 to R8. This is due to turnover being linked employee satisfaction.

Covid-19 has also highlighted how backward measuring productivity according to “hours spent in seat” as opposed to actual output is.

She adds creating flexibility will attract younger employees, because “this is what they want”.

Listen to the conversation below.
6 Apr 2022 12PM English South Africa Business · Daily News

Other recent episodes

What to expect when the labour inspector comes knocking

What should you expect when the Department of Employment and Labour conducts health and safety inspections? Jamie-Lee Basson, Health and Safety Manager at Labournet, joins the OFM Business Hour to unpack the inspection process and explain the potential consequences businesses face if they fail to comply.
5 Mar 10PM 4 min

Unemployment dips to 31.4% but experts urge caution

South Africa’s unemployment rate declined by 0,5 percentage points in the fourth quarter of 2025, easing to 31.4% from 31.9% in the previous quarter. While the latest figures point to modest improvement in the labour market, experts caution against celebrating too soon. Dr Memuna Williams, Founder and CEO of Empowering…
18 Feb 6AM 7 min

Kimberley businesses criticise Sol Plaatje’s IDP consultations

Businesses in Kimberley have raised concerns over the Sol Plaatje Local Municipality’s recent consultative processes around its Integrated Development Plan (IDP). An IDP outlines a municipality’s short, medium and long-term goals for economic and social development and is reviewed annually as part of the budget process. Northern Cape Chamber of…
9 Feb 7AM 5 min