“Work related stress is a huge occupational problem facing Britain today, inflicting a heavy toll both in terms of financial cost and human suffering. Managers have a key role to play in reducing this toll- there is so much they can do that is simple and effective” –
Health and Safety Executive
Spot the Signs – Take Action – Increase Productivity – Show you care
Stress Costs you Money!
“It is essential for employers to consider the impact of stress on their employees, recognising that it is frequently difficult to respond to factors contributing to employee stress when the causes so often arise from a combination of work and home pressures”
Confederation of British Industry
HOW MUCH DOES STRESS COST YOUR BUSINESS?
“In financial terms the estimated cost of sickness absence to the UK as a whole is around £12 billion a year. Stress is the single largest cause of occupational ill health, accounting for around half of all days lost to work-related ill health in these sectors, much of it stress-related.”
Under UK law, employers have a “duty of care” to protect the health, safety and welfare of all employees while at work. They also have to assess the risks arising.
In 2009 a Midlands NHS Trust assumed liability for a £370,000 payout to a former worker for a psychological condition he is believed to have claimed was caused by work stress. This is supported by an annual payment of £24,000 to the employee for the rest of his life.
That is a lot of money and the payment could have been avoided if management had exercised their “duty of care” more effectively.
Stress is an everyday word in our vocabulary and comes in all shapes and sizes. A certain amount of stress is healthy, natural and is important for motivation as it helps us to achieve tasks and gain job satisfaction when work is stimulating and stretching.
However problems occur when the pressures at work become excessive and it is hard to cope with demands placed upon you. Whichever way you look at it – personal stress, relationship stress, work related stress – it’s still STRESS and if you are dealing with pressures at work plus stressful events outside work e.g. family tensions or sickness, bereavement, money problems, moving house, life changes etc – then you will be STRESSED!
PREVENTION is CHEAPER THAN CURE!
If the organisation can demonstrate that it has a STRESS POLICY, STRESS AUDITS and TRAINING in place, it is harder for the employee to take his/her employers to court.
- You can significantly improve working life for 20% of your staff, with all the knock-on benefits of reduced absenteeism and lower turnover.
- For every £1 you invest in staff well-being, there’s a return of £3 in improved efficiency and productivity. Stress Management Society.
- National Institute for Health and Clinical Excellence (NICE) estimated that an average firm with 1,000 employees could save £250,000 a year by tackling the causes of work-related stress.