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Costs of stress
The cost of stress related problems is something which many organisations overlook or appear to accept as a general overhead. This is very short-sighted because it is an area where investing in action to prevent or address the issues will produce a good return on investment.
Here are some statistics which are UK based, but the principles will apply whichever country you are in.
- Stress related causes and issues account for over 1/3 of all work-related illness.
- The estimated cost of £6bn per annum to industry, as a direct result of stress related absence.
- This figure can rise to over £13bn when you consider the loss of productivity!
- Even more concerning is the impact of “presenteeism” – when you factor this in the stress absence costs it totals a scary £26bn!!
- “Presenteeism” costs 105 times more than handling absence.
- There was a loss of nearly 13m working days in total.
- 1 in 5 believe that their job is extremely or very stressful – that is 5 million people!
- Absence in the public sector costs £800 per employee and averages over 9 days.
- Absence in the private sector costs £476 per employee and averages over 6 days.
- When stressed, performance can be reduced by up to 70%.
- Workers are doing 26 million extra hours at work each day!
- 60% are doing an average of 1.5 hours of overtime a day – and 25% are doing 2-3 hours each day. (80% of this is unpaid – worth £225 million each day to employers.)
- De-cluttering is great for giving away, selling or getting rid of the things you no longer need or want. Challenge yourself to clear 25% of the objects filling your wardrobe, cupboards, attic or garage... (charities welcome many items or consider using sites such as freegle to offer things to local communities.)
- Understand what your money is doing right now, so that you can realistically plan how you can spend wisely on the things, situations and people that will enrich the most important parts of your life in the forthcoming year.
- Remind yourself who are the most important people you want in your life are. These people will provide much of the positive energy to help recharge your batteries. Plan how you can spend more time with them. Stop investing your valuable time in those who drain the life out of you.