Combat Burnout to Boost your Bottom Line
You’ve heard that investing in employee wellbeing is good for an organization’s bottom line. But are you wondering why? Burnout – classified by the World Health Organization as an “occupational phenomenon” – is a primary culprit.
Burnout involves exhaustion, negative feelings about work and/or mental distance from one’s job, and reduced effectiveness at work.
The effects of burnout can be substantial, resulting in:
Retention/turnover
Absenteeism/leave
Presenteeism/decreased productivity (i.e., “quiet quitting”)
Higher healthcare costs
A recent Forbes article (Robinson, 2023) highlighted how nearly half of middle managers report burnout and a whopping 70% of C-suite executives consider quitting their job in favor of one that is more sensitive to mental and physical well-being.
A separate study by Gallup (2022) indicated at least 50% of U.S. workers identify as “quiet quitters.” In other words, they meet bare minimum expectations at work rather than striving to achieve their full potential and actively collaborate with colleagues. Unfortunately, this trend has continued an upward trajectory in recent years, especially throughout the Covid-19 pandemic.
What percentage of your staff are experiencing burnout?
Can you boost employee satisfaction, productivity, and retention by better prioritizing employee wellness?
Let us help answer these questions to move you and your organization forward!