Unmanaged Stress is a Measurable Business Risk
Stress is often dismissed as a personal issue, something employees should manage on their own. But what if I told you that unmanaged stress is silently draining your company’s resources, eroding productivity, and inflating costs? New research reveals that stress isn’t just a wellbeing concern – it’s a measurable business risk.
Nearly half (45%) of employees in the technology and professional services industries are highly stressed, experiencing stress frequently or always, according to Walking on Earth (WONE)’s research.
How stress impacts your business:
Workforce Loss: Highly stressed employees are 3.7 times more likely to leave their jobs, and they take 8 times as many sick days as their low-stress peers.
Performance & Engagement: Stressed employees are 4 times more likely to have low engagement, directly impacting productivity and innovation.
Critical Operational Risks: 12% of your workforce is making mistakes or missing deadlines due to stress.
Health Claims: High-stress employees file 2.5 times as many health claims.
Relationships at Work: Stressed employees are 7 times more likely to experience hostility with colleagues, eroding team dynamics and collaboration.
Pretty shocking right? Imagine how this plays out in accountancy and professional services? Sick days, high workforce turnover, errors and mistakes, poor collaboration...which has an affect on the businesses people are advising or auditing or providing assurance for.
Employee stress has long been viewed as an HR concern, rather than being acknowledged as a critical factor in a business’ P&L, risks, and costs. But that’s changing.
By addressing stress proactively, you can transform a hidden risk into a strategic advantage for your organisation.
Hurrah!
Read more here.
