If your business had an issue that was costing $1200-$2000 per employee per year, you’d have to do something about it right? If you look around and count 50 employees, your business could be losing over $60-$100 thousand dollars a year.
So what is this issue that is draining money out of your bottom line?
One word “STRESS”
According to safe work Australia, Stress is costing Australian business over $10 billion per year, and that figure is conservative and climbing at an alarming rate. By 2050 that is expected to rise to $33 billion.
Burnout, overwork and stress are making employees sick, making them leave and destroying their productivity. A person who is weighed down by toxic stress is significantly less effective. The stress may be work related, family related or financial. Either way, a person who has high levels of toxic, long-term stress is not going to be a productive member of your team.
Absenteeism is the most obvious cost to business, but, it doesn’t end there. What about Presenteeism? Presenteeism is the act of being at work (usually for longer hours) but not being effective and not getting much done. Quite often people who feel insecure about their employment will be more susceptible to presenteeism. A stressful workplace is often rife with people being busy being busy and not getting much done.
“Presenteeism is a concept that describes people being present at work but not productive. Current research shows this to be a $33 billion loss to Australian industry.” — Carnegie MG
Statistics show that 29% of workers will have a “sickie” because they feel stressed. That figure goes up to 35% if they have a boss who is a poor leader and adds to the toxic nature of workplace stress.
Workplaces with high levels of toxic stress will turnover staff much more regularly, and the cost of that will savage your bottom line.
“Turnover costs your bottom line 2.5 times per a full-time employee’s salary. A productive $55,000 a year, experienced employee leaving your company costs you $122,500.” — Carnegie MG
It doesn’t need to be this way! Understanding stress and how to utilise it to your advantage can fix this leak in your bottom line and increase productivity and employee satisfaction.
In the book, Stress Teflon, you will learn why we have stress and how to harness and utilise it to your advantage. By identifying the difference between the challenge and threat response to stress, employers can get the most out of their staff and improve their productivity. Once people understand how stress works, it becomes a tool to fire you up rather than an excuse for absenteeism, burnout and misery.
In Stress Teflon workshops, staff will learn a new way to look at stress and develop skills that will help them inside and outside the office. By utilising stress effectively, we can all become healthier, happier and from a business point of view, more profitable.