Will employee burnout sink your company?

As a small business owner, you have spent years, perhaps decades, building a formidable team that has allowed your company to thrive. In these difficult times, there is stress and anxiety everywhere you turn. The challenge is to avoid having your employees burn out on you. Have you taken the time to investigate the causes of employee burnout? Is it the precarious economic times? Is it something more deeply personal? Or, is it simply bad management? People in a position to manage others who are incapable of doing it, who lack the proper mindset and skills, can cause damage that quite often, is irreversible. Once employee burnout begins to take hold, your company may be jeopardized. In some recently published data by Thrivemyway, it is easier to see what the causes are. The following is taken directly from that published research:

  • Two-thirds of full-time employees say they have experienced burnout at some point in their careers.
  • 36% of workers state that their organizations have nothing in place to help stave off employee burnout.

Causes and Effects of Burnout Statistics

  • Women are more likely than men to suffer from burnout. In 2020, 32% of women said they were consistently burned out at work, while only 28% of men reported feeling burned out. More than 50% of women in leadership positions consistently feel burned out.
  • 57% of workers feel they are required to give 24/7 accessibility to their employers. Employees who feel unsupported by their managers are 70% more likely to experience burnout. Employees are 70% more likely to succumb to burnout when faced with unreasonable time restraints. Employees struggling with burnout are 63% more likely to take a sick day and 23% more likely to visit the ER.

Solutions to Burnout Statistics

  • Allowing flexible working hours is one of the most effective ways to help avoid employee burnout according to 75% of senior HR leaders. 43% of employees suggest that employers should encourage time off and offer mental health days to help combat burnout.
  • Employees are 32% less likely to experience burnout when leadership assists them in managing their workload. Workers are 40% less likely to burn out if they have a strong ally at work.

-Written by Kevin Sawyer