- 78% of employees say their job is stressful.
- 75% of visits to GPs are stress related.
- 25% of employees surveyed say their job was the single greatest
cause of stress in their life.
Stress
costs US employers approximately $300 Billion annually due to absenteeism,
diminished productivity, employee turnover, direct medical costs,
worksers compensation, legal and insurance fees etc.
One
million employees are absent daily due to stress and stress-related
conditions. Stress is responsible for more than half of the 550,000,000
workdays lost annually due to absenteeism.
40%
of employee turnover is due to job stress. Xerox estimates that
it costs $2,000 - $13,000 per person to replace the average employee.
What does that mean for your business?
Stress is the largest hidden cost to any business. According to
a recent study, more than half the working people view job stress
as a major problem in their lives. That's more than double the percentage
in similar studie a decade ago.
- Absenteeism: Highly stressed workers are two
times more likely to be absent than others (American journal of
Health Promotion)
- Worker's Compensation Stress Claims: are up
85% since 1985 (Maine Bureau of Labour Statistics)
- Turnover: Forty Percent (40%) of employee turnover
is based on stress. (Bureau of National Affairs USA)
- Errors in Judgement: Preoccupation, tunnel
vision, and loss of judgement and creativity commonly result from
stress overload (David Lee, John Liner Review)
- Interpersonal Conflict Problems: are found
to be the most significant cause of burnout (The St. Paul Companies)
- Customer Service Issues: Highly stressed employees
can alienate customers (David Lee, John Liner Review)
Betterlife Directions's Employee Assistance Services are designed
to help your employees with counselling at the earliest possible
point in time, which helps to create win-win situations because
early intervention reduces costs:
- The medical claims of people who accessed the EAP prior to treatment
were 35% lower than the claims of those who did not use the EAP
(McDonnell Douglas)
- The average per-case claim against employers of insurance companies
for EAP clients $9898 less than that of employees who entered
treatment without using the EAP (McDonnell Douglas)
Click
here to fill in our online EAP enquiry/quote request form.
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