Stress Is Eating Away at Your Corporate Bottom Line!

There is a lot of talk today – but mostly talk – about the unprecedented financial impact stress in the workplace is having on companies and government-subsidized 먹튀. The problem is clearly evident in employee absenteeism, turnover and long-term disability expenditures. The costs to some corporate sectors are absolutely staggering. So: How much is it affecting your corporate profitability and what are you doing about it?

Few executives today will argue about:

o How global, systemic and financially devastating stress can be, and,

o How it will continue to cripple governments and industries if steps are not taken to manage this crisis.

Sadly however, despite the fact that we all seem to be aboard the same bandwagon, in practice it appears that too few companies have, or are taking tangible, ‘results-driven’ steps to minimize this problem.

Often, CEOs and company owners become stuck for words for the answer to: “Tell me about your company’s strategy for managing the costs, due to employee absenteeism and long-term stress related disabilities.”

Maybe the trouble is, the alleged numbers regarding stress, are simply too big to believe or get one’s head around. In Canada last year legitimate sources purported that $20 billion was spent by governments and corporations, expressly on stress related issues. In 2005 ministries in the UK reported they invested 20 billion pounds. They also found that currently, fewer than one in ten companies in Britain have policies in place to tackle the problem despite the fact they estimate stress now costs the UK economy 10 percent of its Gross National Product. In the same time frame and not to be outdone, the New York Times wrote that the United States topped us all at $300 billion, paid out for issues involving stress.

Nevertheless, there are skeptics who legitimately question the accuracy of numbers such as these. That said, logic would suggest that even if the tallies are 50% inaccurate [which is highly unlikely] the numbers are still astronomical, suggesting in no small way that Companies, Healthcare and especially individuals, are paying too high a price.