The cost of stress to the workplace
Jul 27th 2009Dr Ramesh Manochastress and burnout
In 1993, the United Nations International Labour Organisation claimed that stress-related absenteeism, disability and lost productivity cost in the region of US$200 billion per year. The cost of stress to the workplace has been estimated at US$17 billion in the US alone.
More recently the Health Safety Executive (HSE) concluded that work related stress, anxiety or depression costs UK employers in the UK in the region of £370 million and the general society approximately £3.7 billion. Since these calculations were done, the estimated number of days lost due to stress has more than doubled. On this basis, the HSE identifies work related stress, anxiety and depression as a major health concern and argues that effective reduction of stress will lead to significant benefits for organizations. Recently organizations have become legally required to address these issues.
Ramesh Manocha.
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