Workplace stress costs American businesses over $300 billion each year.
—American Institute of Stress
Stress is something most American workers know all too well. It contributes to lost productivity, health problems and poor relationships. Did you know that money and work are the two leading causes of stress for three-fourths of Americans?
The American Psychological Association (APA) found that high stress levels lead to long-term health consequences like fatigue, obesity and heart disease. Some amounts of stress are good for you, but when it skyrockets, that's when the problems hit.
According to the National Institute for Occupational Safety and Health (NIOSH), stress is believed to be linked to:
- Workplace injury
- Psychological issues such as depression and burnout
- Cardiovascular disease
- Disorders to the back and upper extremity musculoskeletal disorders
None of that sounds fun, does it? Basically, stress has some pretty negative side effects if it's not addressed and dealt with.
The impact of stress manifests itself through:
- Absenteeism
- Turnover
- Decreased productivity
- Medical, legal and insurance expenses
It's easy to see why companies are working hard to help their team be as stress-free as possible.
How You Can Decrease Stress
"Companies need to seriously rethink their approach to workplace stress," said Kathie Lingle, Director of the Alliance for Work-Life Progress.
One surefire way that you can decrease stress is by offering Financial Wellness. This program deals directly with the problem—financial issues. Your team members will learn how to take control of their money and make it work for them, eliminating money stress. They will find out how to get out of debt, start an emergency fund, save for the future, and be on the same financial page with their spouse.
By addressing one of the leading causes of stress, you can help your team grow and succeed. Once your team's largest stress factor is removed, you'll reap the benefits as a company. Your workers will be more loyal, productive and generally happier individuals. Plus, you'll have a team that actually likes to come to work on Monday mornings. Imagine that! Get more info.
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Ramsey