Workplace stress is on the rise and it's costing corporate America a fortune. Some estimate that 80% of health care costs are stress related, and these expenses go right to the bottom line.
According to CNN-Money.com, Americans spent more than $17 billion for anti-depressants and anti- anxiety drugs in 2002, up 10% from the year before and nearly 30% over a two year period.
The Institute for Management Excellence reports that American industry spends more than $26 billion each year for medical bills and disability payments with another $10 billion for executive's lost workdays, hospitalization, and early death.
In addition to these staggering figures, stress takes its toll through the added costs of quality control, legal challenges, lost opportunities, poor performance, bad attitudes, and training.
We cannot do much about the skyrocketing costs of medical care and prescription drugs, but we can take immediate action to control the top ten causes of stress as identified by The Global Business and Economic Roundtable on Addiction and Mental Health.
The countdown is:
10. "Workload" ? Employees report that they are often stressed when they have too little or too much to do. Managers need to divide responsibilities and help employees prioritize work that must be done. Make sure you understand the impact before shifting responsibilities. Take into account the cost of stress before you increase anyone's workload or hire more people.
9. "Random interruptions" - Telephones, pagers, walk-in visits, and spontaneous demands from supervisors all contribute to increased stress. Time management, delegation of responsibilities, and clarification of expectations can reduce these stressors. 8. "Pervasive uncertainty" ? Stress levels increase rapidly when people are confronted by new requirements and procedures. Keeping people informed controls stress and increases productivity. Put details in a memo so they can review the facts following your explanations.
7. "Mistrust and unfairness" - These situations keep everyone on edge, create bad attitudes, and lower productivity. It is important to keep an open line of communication to avoid misunderstanding and know what people are thinking about your decisions. Managers must consistently build trust and give equal treatment - just do the right thing.
6. "Unclear policies and no sense of direction" - Lack of focus causes uncertainty and undermines confidence in management. You need more than a well-written policy manual. Enforcement of policies and clear communications are essential.
To make sure everyone gets the message, you can repeat your explanation in a variety of ways ? repetition and feedback are important. Reinforce policies through memos, articles, bulletin board postings, personal meetings, and small group discussions.
5. "Career and job ambiguity" - If people are uncertain about their jobs and careers, there is a feeling of helplessness and of being out of control. In addition to the trusted job descriptions and annual personnel reviews, people need to understand a broad range of issues that affect the company.
News of mergers, consolidations, plant closings, and restructuring contribute to a feeling of helplessness. Management must keep people informed about situations that will affect their jobs, or the rumor mill will add to an already stressful situation.
4. "No feedback - good or bad" ? People want to know whether they are meeting expectations. Consistent, written and verbal, personalized feedback is required. Some people need more attention than others, but everyone's performance is enhanced if leaders frequently affirm individual efforts.
3. "No appreciation" - Failure to show appreciation generates stress that endangers productivity throughout the company. There are many ways to demonstrate appreciation, but the most effective is a sincere comment about how much the person means to you and the company.
2. "Lack of communications" - Poor communication leads to decreased performance and increased stress. Management memos and announcements work well for distributing information, but two-way conversation improves communication and solicits ideas and suggestions while reducing stress and complaints.
1. "Lack of control" ? Workplace stress is at its greatest when employees have no say regarding things that affect them. You can decrease sensitivity to all the other stressors and give a sense of being in control by involving employees in operating and administrative decisions and acting on their input. Frontline employees know what they are talking about. Listening to what they have to say reduces stress and increases productivity.
Effective managers understand that stress control is a leadership responsibility and give it just as much attention as any other management function. For those who want to explore stress control further, a free 3-session e-course is available by email request at stresscontrol@sendfree.com
Grasping the concepts and reducing stress one step at a time can have an amazing impact on your bottom line --and on the lives of those who do the heavy work.
Dale Collie - professional speaker, former US Army Ranger, CEO, and a Fast Company top 50 innovative leader. Author of "Winning Under Fire." (McGraw-Hill) stresscontrol@sendfree.com
scheduled maid service Northbrook ..Today's workplace produces plenty of stress. Life's little hassles mount... Read More
Q. So many times in my life, I seem to... Read More
This heading may seem like a contradiction in terms. How... Read More
One of the best ways to relieve yourself from the... Read More
What do you do when you wake up in the... Read More
If you have recently lost health insurance coverage through your... Read More
A grandfather, whose grandson came to him angry at a... Read More
All stress comes from believing a thought that argues with... Read More
1. The Law of EveryoneIt is not neccessarily wrong to... Read More
Modern stress is habitual, and is something that the vast... Read More
Everyone worries. As bothersome as it is, worry isn't all... Read More
What is Stress?Stress may be defined as the three-way relationship... Read More
Aromatherapy is very therapeutic when it comes to healing emotional... Read More
If you've recently experienced loss or are going through a... Read More
The future is nothing but a fantasy or a daydream,... Read More
Author and speaker H. Stephen Glenn has said,"In terms of... Read More
ResentmentsA wise friend once said that holding onto resentments is... Read More
Imagine going through your whole life in the constant fear... Read More
We all know that stress levels in the workplace are... Read More
Are you feeling stressed out? Too many things to do,... Read More
It was one of the first words you learned to... Read More
26 ways to minimize and manage the unhealthy effects of... Read More
Feeling stressed? Who isn't!! In today's society, feeling "stressed out,"... Read More
Have you ever considered sewing a handbag as an act... Read More
The number one most popular issue that users of a... Read More
reliable maid service Highland Park ..Deadlines at work, demanding bosses, bills to be paid at... Read More
Stress is an interpretation of an event or circumstance which... Read More
For those who are suffering from stress, just about the... Read More
I just got through reading some troubling news in the... Read More
What good is Personal or Business Success...if your Health is... Read More
It is very true that, unfortunately, many people look to... Read More
Case #1- Elizabeth, a 40 year old homemaker was always... Read More
Everybody deals with fear and anxiety, however some people have... Read More
Use these simple tips to minimize stress in your day... Read More
Get at least 15 minutes of sunshine daily.Daily Exercise -... Read More
More than two-thirds of visits to doctors' surgeries are for... Read More
Think back a few years to the nine coal miners... Read More
I learned a valuable lesson recently. A short while ago,... Read More
In the fast-paced world that we live in today, it... Read More
Why do we resist change? As the saying goes, the... Read More
Do you have stress in your life?......I know you answered... Read More
It has long been suggested that "music soothes the savage... Read More
Stress seems to have become a constant factor in today's... Read More
Recently the well known American news anchor Peter Jennings died... Read More
IntroductionTime magazine called stress the "The Epidemic of the Eighties".... Read More
This is a tool to measure the amount of stress... Read More
If you are an anxiety and panic sufferer, then you've... Read More
Rest.It's a good thing to do. As the story goes,... Read More
In our article about Exercise & Stress, we looked at... Read More
Are you a "worry wart?" Is that term familiar to... Read More
Stress Management |