We all know that excessive stress is a health hazard. What is less talked about are the effects of burnout on business performance. Stress makes people nearly three times as likely to leave their jobs, temporarily impairs strategic thinking, and dulls creative abilities. Burnout, then, is a threat to your bottom line, one that costs the U.S. more than $300 billion a year in absenteeism, turnover, diminished productivity, and medical, legal, and insurance costs.
Making Work Less Stressful and More Engaging for Your Employees
11 tips for managers.
November 05, 2019
Summary.
Today, the ideal job candidate is an innovative, forward-thinking worker who can do more in less time (and do it well). But, eventually, this kind of culture leads to serious productivity loss and burnout. To battle burnout and successfully lead teams, managers need to rethink their approach. First, they need to focus on reducing stress in the workplace by increasing psychological safety, setting boundaries around time outside of work, and looking into flexible work policies. Next, they need to build employee engagement by making sure people are in the right roles, giving their teams autonomy, and creating a culture of recognition.