Recent studies reported work-related stress rates of 30 to 46 percent. In a study of 28,000 workers in 215 different organizations, Kohler and Kamp reported that stress at work was associated with employee burnout, acute and chronic health problems, and poor work performance. (University of California, Davis - Medical Center)
US companies lost an estimated $300 billion nationally in 2001 due to absenteeism, turnover, poor morale and lost productivity - plus medical, legal and insurance fees - related to job stress. That figure compares with an estimated $200 billion in 1991 and $150 billion in 1981. (American Institute of Stress)
Companies are now making the correlation between stress and productivity. They also know it's more cost-effective to keep someone happy than to recruit and train someone new. (SmartMoney)
American Institute of Stress estimates that 1 million workers are absent on an average workday because of stress related complaints. (AIS)
“In the long run, managing workplace absence from stress related problems may be the best way for a company to benefit its bottom line.” (Presley Reed, MD, editor-in-chief of The Medical Disability Advisor)
Experts said employers should find ways to reduce pressures of the workplace. And they said employees also should find ways to limit the effects of stress before it spills over into their personal lives and begins to affect their health. (online survey of 1,400 employees by CareerBuilder.com)
"Business leaders should be concerned because an overly stressed employee cannot perform at their best." (Marianne Carter, director of the University of Delaware's Employee Wellness Center)
Some effects of stress include headaches, irritability and sleeping disorders. The National Sleep Foundation has estimated that the direct cost of lost productivity in the American workplace is about $18 billion. (National Sleep Foundation)
More than half of the 550 million working days lost every year in the United States from absenteeism are stress-related, which the agency estimates costs U.S. companies an average of $602 per worker per year. (European Agency for Safety and Health at Work)
A study on workplace stress by a federal agency responsible for conducting research and making recommendations for the prevention of work-related illness and injury, found that health care expenditures are nearly 50 percent greater for workers who report high levels of stress. These workers are more likely to develop cardiovascular disease and psychological disorders. (National Institute for Occupational Safety & Health)
A survey of full- and part-time workers conducted in May by a workplace communications consulting firm based in North Haven, Conn., found that 52 percent feel at least “somewhat” stressed at work and 28 percent feel “a little” stressed. The survey found that 33 percent of respondents said they've seen an increase in stress-related illness, such as colds, headaches and stomach problems, at work in the last year. (The Marlin Co.)
An adjunct assistant professor at the Calloway School of Business and Accountancy at Wake Forest University, says studies have estimated that 132 million workdays a year are lost because of stress-related absenteeism and lost productivity. (Julie Wayne, Calloway School of Business and Accountancy)
Employee Legal problems can cost you money in terms of:
- Absenteeism
- Reduced Productivity
- Increased Health Insurance Costs
- Are Absent five times more than average
