1 Answer | Add Yours
One distinct problem that organizations and employees suffer when it comes to stress and burnout is the cost placed on everyone involved. Organizations experience significant problems when its employees suffer from stress and burnout. "Estimates place the annual price tag of workplace stress in the United States at somewhere between $200 and $300 billion, owing to health care claims,workers' compensation claims, absenteeism, employee turnover, productivity losses, and other direct and indirect costs." This becomes a significant problem for any organization. Such costs are not easy to sustain. In order to facilitate the costs associated with the problems of stress and burnout, organizations will have to cut funds from other venues that could potentially help employees. For example, "some research suggests, for instance, that health benefits for highly stressed employees cost some 40 percent more than average." This is one particular problem that can be seen with stress and burnout for both organizations and employees.
Another problem can be more foundational that impacts both employees and organizations for a great deal of time. Research bears out that the highly skilled and highly competent worker is suffering the greatest amount of stress and burnout. "The best and the brightest" are flaming out the quickest: "The people who report high stress are the ones most invested in their jobs." At the same time, the pressures on this group to more and give more is helping to cause the increase in stress and eventual burnout: "A prime factor that drives people to burnout is feeling that there is too much to do and not enough time to do it. And many executives are feeling that pressure as never before." It does not bode well for an organization and its workers if the most productive and capable of workers are leaving it. If an organization loses its "best and brightest," its future is in immediate peril: "Employers should be very concerned with keeping this population healthy. From a business perspective, it is in a company's best interest to support these workers." In this light, an organization and its employees suffer tremendously when stress and burnout are part of the culture of a work setting.
We’ve answered 318,955 questions. We can answer yours, too.Ask a question