Recent findings from a Gallup study have shed new light on the pressing issue of excessive stress in the workplace. According to the study, stress and burnout-related employee turnover are costing the economy a staggering $1 trillion. This eye-opening revelation underscores the urgent need to address workplace stress and its far-reaching consequences.
We want to highlight 3 ways to support your teams in a positive way. In our recent work with a construction company, we worked with a leadership team that were faced with multiple levels of challenges thrown at them – people tragedy, legal suits, payables in arrears to name a few. Although it will take a long time to find their feet again, focusing on these 3 aspects is helping them move forward in a rational way.
Open communication and clear communication channels
Open and transparent communication channels are essential for addressing and alleviating workplace stress. Employers should regularly check in with employees to understand their concerns, offer constructive feedback, and provide a platform for sharing ideas. Additionally, fostering a supportive, nonjudgmental environment where employees feel safe discussing their stressors can lead to effective problem-solving and reduced stress levels.
Promote a Culture of work-life balance
Encouraging a healthy work-life balance is crucial in mitigating workplace stress. Employers can lead the way by offering flexible work arrangements, such as remote work options or flexible hours. Moreover, emphasizing the importance of taking breaks and vacations can help employees recharge and reduce burnout. This cultural shift allows employees to better manage their workload and personal lives, ultimately leading to lower stress levels.
Invest in Employee Wellness Programs
Proactive companies are investing in employee well-being programs that provide resources and support for managing stress. These programs may include access to mental health services, stress reduction workshops, and fitness initiatives. By offering these resources, organizations empower their employees to prioritize their health and well-being, which can significantly reduce stress-related turnover.
The Gallup study’s revelation of the $1 trillion cost associated with workplace stress and burnout is a wake-up call for both employers and employees. To get ahead of the curve, leadership could show and promote work-life balance, invest in well-being programs, and foster open communication. By collectively addressing workplace stress, we can create healthier, more productive, and sustainable work environments for everyone involved, ultimately benefiting both individuals and the economy as a whole.
Feel free to reach out directly at mardereb@sage-summit.ca if you have any questions or if you’d like to learn more about our transformational leadership training and coaching programs on leadership presence, resilience, and change management.
