Stress and Wellness – Priceless?
The Chartered Institute of Personnel and Development have published research which shows that if you are not actively managing employee wellbeing, it is likely to cost you £554 per employee per year in sickness absence alone. But what is the cost of stressed out employees who do turn up day in and day out? And what is the cost if you run your own business?
Pressure on performance
With most people working longer hours than they ever have before, chasing tougher targets and meeting tighter deadlines, the continued stress levels affect not only the wellbeing of the individual, but can significantly impact teamwork, performance, productivity, customer service levels and, of course, the bottom line. It also means that managers are spending much more time managing performance than they are managing the business.
Is ignorance bliss?
Ignoring the problem does not make it go away. If anything, it makes it worse. One way or another, your business will pay the price. And stress does not isolate neatly around the individual – it can put pressure on others who have to pick up the pieces.Continue reading