Opportunities vs Threats: Improving mental health at the workplace ‘a big opportunity for 2024’

The first in a series of insights by leading business figures in Malta aims to shed light on the short-term future of business on the island, by identifying the opportunities and threats that carry the potential to redefine Malta’s industries and markets in the year to come.

Daniela Calleja Bitar is Acting Chief Executive Officer at The Richmond Group. As the CEO of a company that provides comprehensive support for individuals with mental health issues, she sees improving mental health as a big opportunity for 2024.

“Mental well-being is going to become ever more important in the workplace, so one of the challenges I see going forward revolves around how to ensure employee well-being while managing the high associated costs, as well as the significant impact on productivity and retention.

“Conversely, the key opportunities for businesses lie in providing innovative – and improved – mental health support in the workplace. This innovation not only positions businesses ahead in the Maltese market but also enhances employee well-being and performance.

“In this context, the biggest threats to Malta’s global competitiveness may stem from neglecting mental well-being in the workplace, as this could adversely affect employee productivity and overall business performance.

“Looking ahead, I’m expecting to see a shift towards a more supportive and productive business environment, signifying a crucial evolution in how businesses approach mental health as both a challenge and an opportunity.”

First published as part of a wider feature first carried on MaltaCEOs 2024 print publication, the sister brand to MaltaCEOs.mt.