An unexpected rival has overtaken relationship breakdowns in the race of stress-inducing factors, it’s our jobs.
Recent studies spearheaded by Westfield Health reveal an alarming statistic: a staggering 27% of employees identify their jobs as more stress-inducing than relationship breakdowns (8%).
The Impact on Mental Health and Business Operations
The worrying aspect of this trend is the spiralling mental health of the workforce in the UK.
Employees, on average, are spending a week off work annually due to mental health issues.
However, a surprising 66% of employees aren’t reaching out for mental health support.
Consequently, the UK economy saw a loss of 17.9 million workdays in 2022, severely impacting the financial health of businesses due to increased absence-related costs.
Workplace Stress – An Unseen Epidemic
The year 2022 was marked by stress for over 800,000 workers.
Notably, workplace ill health cases saw an upward trajectory with 51% attributed to stress, depression, or anxiety. This marks a worrying increase from the 40% figure in 2014.
Drawing from these unsettling statistics, Richard Holmes, Westfield Health’s Director of Wellbeing, highlights a marked shift in workers’ perceptions of work life.
According to Holmes, stress deriving from the workplace now surpasses personal circumstances, a revelation that should trigger a rethink in employers.
Workplace stress is a looming concern that can shake a company’s morale, culture, productivity, and staff retention – elements crucial to the bottom line.
Notably, the increased cost of living, coupled with high stress, can form a perilous combination for employees and businesses alike.
The Role of HR Teams and Managers
Holmes advises that HR teams must be primed to identify and assist employees grappling with workplace stress.
Simple yet significant measures, such as ensuring regular breaks and fostering open communication between managers and employees, can alleviate stress levels.
Offering support in the form of helplines for struggling employees can also be a game-changer.
Practical Advice for Small Business Owners
Small business owners and entrepreneurs must pay heed to these findings and take proactive measures.
Encouraging a positive work culture, promoting transparency about mental health issues, and providing support for stress management are crucial steps.
Businesses should empower their teams to voice their stress-related concerns and seek help when needed, leading to a healthier work environment.
Summary
The escalating workplace stress and its potential impact on the UK’s small businesses cannot be ignored.
It is high time for businesses, especially smaller enterprises, to proactively address this issue and foster a healthier, more supportive work culture.
This approach is not just about addressing an issue; it’s about enhancing the overall productivity and well-being of your team, thereby improving your bottom line.
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