CORPORATE STRESS MANAGEMENT FOR A HEALTHY WORKPLACE
Times have changed in the workplace; no more “gold watch” and a pension (except for the CEO). Companies upsize, then downsize, are swallowed up by larger corporations, go bankrupt, or grow into mega-businesses with yet more anonymous employees hired on to replace their aging ( and expensive) tenured workers. It’s no wonder so many workers are stressed and anxious about their employment today and tomorrow. Recent estimates note that job stress costs U. S. business more than $300 billion a year ($7500 per worker) in absenteeism, compensation claims, increased health insurance costs, and lowered productivity. Even when on the job, worker’s poor mental outlook and mounting stress takes a significant toll. A study performed a few years ago defined "presenteeism" as the invisible loss as workers are at work but are unable to function to their potential due to ailments such as depression, fatigue, backaches, headaches, and stomach maladies. These cost employers more than $180 billion annually in lost productivity; as the president of one company puts it, "When my key manager is stressed out and frazzled, he can’t be productive even though he shows up for work every day." Successful companies now see the value in proactive corporate stress management.
Why Pay The Stress Price?
The workplace that was formerly a refuge from the outside world’s chaos now bears the brunt of its impact on workers and management alike. More data reflecting this changing phenomena shows:
Corporate Stress Solutions
The modern corporation now understands that stress in the workplace is the number one controllable factor affecting productivity, missed workdays, and rising healthcare costs. Business HR departments are using a variety of traditional and innovative remedies in their corporate stress management strategies:
Although the employment landscape has certainly changed as it reflects a shifting global economy, maintaining the well-being of the workforce that is the engine driving our economy can only benefit us all.
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