The Hidden Cost of Job-Related Stress
With the stress of layoffs and inflation, employers are now faced with a whole new set of challenges. One big challenge is how to manage work stress, which can impact a business’s success and profitability. Let’s take a closer look at how stress in the workplace can affect employees and the business as a whole.
“Job-related stress costs U.S. employers over $300 billion annually due to absenteeism, turnover, and lost productivity.”American Institute of Stress
Impact on Employees
Employees experiencing high levels of job-related stress may become disengaged and unhappy with their jobs. This can lead to burnout and lower productivity levels, greater absenteeism, and higher turnover rates. To start, learn to recognize when employees are overwhelmed and take steps to address the issue before it becomes serious. It’s also important to notice any potential warning signs such as a lack of motivation, or increased conflict among employees.
A National Institute for Occupational Safety and Health report found that job stress was more strongly associated with health complaints than financial or family problems.National Institute for Occupational Safety and Health
Stress at work can easily spill over into our personal lives, causing more tension at home, or negative effects on our physical health. This is why it’s crucial for business leaders to create a safe and emotionally supportive work environment. As a result, employees develop better ways to manage their stress which prevents burnout and improves overall quality of life.
Impact on Businesses
High levels of job-related stress can have a significant impact on a business. Here are some ways stress can be detrimental to your business:
- Lower productivity levels
- Higher employee turnover
- Reduced quality of work and customer service
- Higher healthcare costs due to stress-related illnesses
- Negative impact on workplace culture and morale
- Loss of revenue due to missed opportunities or mistakes caused by stress
- Additional resources required for recruitment, training, and onboarding new employees.
Creating a Supportive Work Environment
When companies invest in team building that includes emotional support, it shows they care on a personal AND professional level. When the lines of communication open and everyone feels comfortable sharing their thoughts and feelings, it leads to better teamwork, less stress, and greater success overall.
How we can help
At Emotionality, we understand that you value your team members as individuals and want to support them in both their personal and professional lives. We also understand that as an employer, it can be difficult to know where to start. That’s where our expertise comes in – we can provide guidance to help you create a more supportive and successful workplace.
Schedule a call today to learn about our emotional support text messages, workshops, coaching sessions, and more!