The cost of workplace stress on your employees – and the solution

study reported by Harris Interactive a massive 80% of workers feel stress on the job, and an earlier survey by NIOSH showed that three-fourths believe that workers have more on-the-job stress than a generation ago. Workplace StressThese are significant numbers – and the trend suggests they’re only getting worse over time. According to the Harvard Business Review, although there’s an assumption that stress and pressure push employees to perform more, better, and faster, what cutthroat organizations fail to recognize is the hidden costs incurred. For example, health care expenditures at high-pressure companies are nearly 50% greater than at other organizations and 550 million workdays are lost each year due to stress on the job. In fact, a study of 3,000 employees conducted by the Karolinska Institute showed a strong correlation between leadership behavior and heart disease in employees. In addition to physical and mental health, stress can also lead to disengagement and disloyalty (both reducing the effectiveness and productivity levels of a workplace). Given that the average cost of replacing just one employee can be up to $60,000, employers should do everything they can to reduce employee stress (thereby reducing turnover).

What are companies doing to reduce stress?

Many companies attempt to do so via employee perks and benefits, according to the Harvard Business Review. All set up with the goal to create a positive work culture. It’s this positive culture that reduces stress and, thereby, reduces employee turnover. Creating a positive culture rests on a few major principles, as suggested by a study from the University of Michigan and HBR:
  • Caring for, being interested in, and maintaining responsibility for colleagues as friends
  • Providing support for one another, including offering kindness and compassion when others are struggling
  • Avoiding blame and forgive mistakes
  • Inspiring one another at work
  • Emphasizing the meaningfulness of the work
  • Treating one another with respect, gratitude, trust, and integrity
Foster these principles in your workplace, and your organization will reap the rewards. Summed up nicely by Emma Seppala, Science Director of Stanford University’s Center for Compassion and Altruism Research and Education: “A positive workplace is more successful over time because it increases positive emotions and well-being. This, in turn, improves people’s relationships with each other and amplifies their abilities and their creativity. It buffers against negative experiences such as stress, thus improving employees’ ability to bounce back from challenges and difficulties while bolstering their health.” Next time you see or hear of employees finding themselves in stressful situations, consider how you can foster a more positive work environment for your team.]]>

You May Also Like

Check out these additional posts from Mind Your Business.

Is Marijuana still tested for pre-employment?

Many states have legalized Marijuana which has many employers wondering what to do when their applicant’s drug test comes back positive. Pre-employment drug testing is a common practice for many employers that wish to mitigate risk and maintain a safe work environment for all employees. Most employers choose to run a 5-panel or 10-panel drug…
Read More

OSHA Regulations and a Potential New Hiring Trend

The Occupational Safety and Health Administration (OSHA) announced an emergency temporary standard (ETS) that states that companies with 100 or more employees would need to ensure that their employees are fully vaccinated by January 4th, 2021. If the employees are not vaccinated, they would need to test negative for COVID-19 weekly. This includes individuals who…
Read More

Pennsylvania Motor Vehicle Reports Aren’t Slow – Your Background Screening Provider Is.

Motor Vehicle Records Reports are important searches for many different industries. They provide valuable information about an applicant’s driving history. Driving infractions are not reportable in county or statewide criminal searches, so be sure to add a Motor Vehicle Search if you are hiring drivers for your company. The benefits are that you will be…
Read More

Quality and Precise Results, On Time!

Let us know about your screening needs to get a custom quote. We work with businesses big and small as well as the government. Which means we have a package of solutions for your organization as well.