Exploring the Value: Should Companies Support Their Employees in Adulting?

As businesses strive to maintain engagement levels, reduce burnout and combat escalating turnover rates, a crucial question arises: Should organizations play a role in supporting their employees as they tackle the challenges of adulting?

The Escalating Cost of Employee Burnout

In 2018, 44% of employees grappled with burnout, a surge from 40% in 2016. This shift translates to an additional $125 billion to $190 billion in annual healthcare spending, as per Gallup. Notable figures include:

• Job-related stress costs the U.S. industry an estimated $300 billion yearly, resulting in absenteeism, diminished productivity and medical expenses.
• Almost half (46%) of HR leaders attribute up to half of their yearly turnover to employee burnout.

The Burnout Generations

The pressing need to tackle burnout was already high on the priority list for most organizations. However, the impending reality that millennials and Gen Z, historically the most burnout-prone generations, would soon make up 50% of the workforce, amplified the urgency.

• Millennials report the highest overall stress levels, averaging 5.7 on a scale of 10, followed closely by Gen Z at 5.3, with baby boomers at 4.1.
• Gen Z exhibited the poorest mental health, according to the American Psychological Association's stress report.
• A staggering 91% of Gen Z frequently experience physical or emotional stress-related symptoms, including depression and anxiety.

The Emergence of Concierge Services: A Solution to Errand Paralysis

A promising trend in this landscape is employee concierge services. These services target the byproduct of stress disproportionately affecting millennials and Gen Z – errand paralysis.

"Errand paralysis" denotes the inability to complete mundane non-work tasks, which can't be streamlined through apps. In her investigative piece, "How Millennials Became the Burnout Generation," Anne Helen Peterson cleverly defines this condition.

Peterson asserts that errand paralysis is a manifestation of burnout rather than a sign of entitlement or laziness. This perspective shift is vital, as considering burnout a personal failure exacerbates its prevalence. While millennials and Gen Z might possess the same amount of free time as previous generations, the demands on that time have surged dramatically, leaving "adulting" tasks neglected.

The Role of Adulting Benefits in Mitigating Burnout

Adulting benefits prove their efficacy by providing employees with their most precious resource – time. This, in turn, reduces the likelihood of burnout, leading to:

• Increased productivity and engagement.
• Mitigated presenteeism and absenteeism.
• Enhanced employee retention.

Stress significantly contributes to burnout and reduced employee engagement – precisely where adulting benefits play a pivotal role.

Navigating Adulting with the Aid of Concierge Services

The brilliance of concierge services lies in their seamless integration into employees' lives. By taking time-consuming tasks off their hands, these services do more than just free up moments; they liberate the mind from the mental burden of managing an array of logistical responsibilities.

With concierge assistance, employees can refocus their energy and cognitive resources on what truly matters – their professional pursuits, creative endeavors and personal connections.

However, the impact of these services extends beyond personal convenience. Organizations foster a culture of empathy and holistic support by acknowledging and addressing the real-life challenges that employees encounter outside of their professional roles. This sends a resounding message that the well-being of their workforce is not confined to office walls; it permeates every facet of their lives.

If stress, time management and burnout are predominant concerns for your organization, bolstering your benefits package with adulting perks might be the solution.

Employee Concierge Services

Give your employees the gift of more time and enhance your bottom line with Best Upon Request's concierge services, the ultimate adulting benefit.

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