Why stress may destroy your company

It is your real bottom line and you ignore it at your peril. One of the greatest destructive forces in business is stress. It is, sadly, something that few business owners even bother to notice. Unless you can recognize the causes, and have an understanding of stress, it will continue to grow and will, indeed, present a serious danger to the survival  of your business. In some recently gathered data from Gallup and elsewhere, CompareCamp has put together some rather startling research regarding workplace stress. If you can see it, you can begin to take the steps to prevent it from becoming the destructive force that it is known to be. The following is taken directly from that gathered research:

  • 55% of Americans are stressed during the day.
  • Stress causes 57% of US respondents to feel paralyzed.
  • 63% of US workers are ready to quit their job to avoid work-related stress.
  • Chronic stress is commonplace at work with 94% of workers reporting feeling stress at work.
  • 35% of workers say their boss is a cause of their workplace stress.
  • 80% of US workers experience work stress because of ineffective company communications.
  • 39% of North American employees report their workload the main source of the work stress.
  • 49% of 18 – 24 year olds who report high levels of stress felt comparing themselves to others is a stressor.
  • 71% of US adults with private health insurance say the cost of healthcare causes them stress while 53% with public insurance say the same.

  • 54% of Americans want to stay informed about the news but following the news causes them stress.
  • 42% of US adults cite personal debt as a source of significant stress.
  • 1 in 4 American adults say discrimination is a significant source of stress.
  • An estimated 1 million workers are absent every day because of stress.
  • Job stress is estimated to cost the US industry more than $300 billion in losses due to absenteeism, diminished productivity, and accidents.
  • Over five hours of office work hours are lost weekly to employees thinking about their stressors.
  • Work-related stress costs $190 billion in annual healthcare costs in the US.
  • 83% of Americans experience workplace stress.
  • 94% of American workers report feeling stressed at work in 2019.
  • Stress is a workplace constant with US and UK workers. The latter reporting experiencing 41% moderate stress 41% of the time compared to 39% for the US.
  • Workplace stress is closely associated with health complaints compared to family problems and financial issues.
  • 56%  of workers say stress and anxiety impact their productivity and while 51% say stress affects their workplace relationships.
  • Over 50% of US workers are not mentally engaged during work due to stress leading to low productivity.
  • One in four employees say they are at risk of burning out in the next 12 months.
  • Only four out of 10 employees who report stress to their employers get any kind of help.
  • 44% of adults manage stress by exercising, 47% listen to music, and 37% spend time with friends and family.

-Written by Kevin Sawyer