LATEST BLOG POSTS

21st February 2014

Four actions that managers and leaders need to take to reduce growing pressure

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18th February 2014

From catastrophe to success

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RECENT ARTICLES

  • Personal resilience and emotional intelligence – is there a link?

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  • When will organisations really take stress seriously?

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  • Manage stress and mental health to improve performance

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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.)
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