Since its unveiling on June 8, 2021, ISO 45003 has stirred a flurry of discussion on digital WHS platforms, prompting leaders and organisations to question the implications of this pioneering global mental health standard. Curious minds often ponder, “What defines ISO 45003?”, “Why prioritise it?”, “Is compliance mandatory?”, and “How does it gel with current WHS norms?”.
What is ISO 45003?
ISO 45003 (officially known as ISO 45003:21 Occupational health and safety management — Psychological health and safety at work — Guidelines for managing psychosocial risks) is the first global standard that provides specific guidance on the management of psychosocial risks and promotion of wellbeing at work, in a manner consistent with other health and safety risks in the workplace.
At its core, ISO 45003 is a risk management tool to help organisations in their shared responsibility to build safer and healthier workplaces. What makes it unique is that it emphasises the business imperative for promoting and protecting psychological (not just physical) health in the workplace.
What is Wellbeing?
Zooming into workplace wellbeing, it’s a holistic blend of an individual’s physical, mental, emotional, and social health, thriving in nurturing settings. ISO 45003 characterises this as the holistic nourishment of an employee’s multifaceted needs in relation to their profession, touching every workplace aspect.
Did you know that for every $1 spent on employee wellbeing, $2.30 is gained in business revenue? – PwC (2014) Creating a mentally healthy workplace. Return on investment analysis p iv.
Do You Need To Comply With ISO 45003?
While the legal framework portrays ISO 45003 as a suggestive benchmark, from a business lens, complying with these recommendations is vital to growing and maintaining a positive workplace culture and productivity. Intentionally overlooking ISO 45003 might raise eyebrows if organisations knowingly bypass its established best practices.
To Sum It Up:
Seize the ISO 45003 advantage! Embrace ISO 45003 not as an added task, but as a golden key to sculpting healthier, happier work environments.