This is a risk line, not a wellbeing line
Psychosocial safety programs get declined when they are proposed out of a wellbeing budget that was never sized for them. Read against injury cost, claims exposure and turnover, the same program is usually straightforward to approve.
What one claim costs, against what a cycle costs
One psychological injury claim
The Safe Work Australia median compensation cost. Median time lost is 35.7 weeks, close to five times other injury types, and psychological injury is the fastest growing and most expensive claim category in the country.
That figure excludes what it costs you to backfill, retrain, and carry the disruption across the team the person left behind.
What the tool actually models
Configured to your organisation at intake, using numbers you already hold.
- Current personal and unplanned leave cost
- Turnover and replacement cost by role type
- Claims history and premium exposure
- Productivity loss during vacancy and ramp up
- Modelled movement against the program cost
Five budget lines this legitimately sits in
Most clients fund it from one or two of these. Which one depends less on the program than on who inside your organisation owns the risk.
Work health and safety
The cleanest fit. Psychosocial hazards now sit inside the same duty as physical hazards, which means the same budget, the same risk register, and the same review expectations.
Risk, governance and compliance
Where a board or audit committee has asked what assurance exists over psychosocial risk, this program is the answer to that question in documentary form.
Workers compensation and insurance
Insurers and self insurers increasingly want evidence of active psychosocial risk management. A documented cycle is worth raising directly with your broker or scheme agent.
Learning and development
The training component is genuine capability development for supervisors and leaders. Where an L and D budget already exists, this replaces generic wellbeing content with content built on your own data.
Grant and program funding
For not for profits, community organisations and funded services, workforce wellbeing is often an allowable cost inside program or capacity building funding. If that is your situation, our grant writing team can build it into the application.
Ask for the model, before you ask for the budget
Send us your rough numbers and we will run the comparison. If it does not stack up for your organisation, we would rather tell you that now than sell you a cycle you cannot justify.
Funded organisations: if the pathway here is a grant rather than an internal budget, say so and the conversation starts with our grant writing team instead.
See grant writing and funding →