From C-Suite To Burnout
The evidence of change is unmistakable and widespread, as fatigue becomes increasingly apparent. U.S. corporations, already navigating through high inflation, economic uncertainty, a shifting workforce, and the emergence of Artificial Intelligence, now face another significant hurdle: a notable rise in CEO transitions.
In May 2023 alone, 224 U.S.-based CEOs stepped down. A significant increase from the 147 departures in April and 49% more than the previous May. This data, compiled by executive coaching firm Challenger, Gray & Christmas, highlights a rising trend but leaves us questioning the underlying reasons. While it's challenging to pinpoint the exact causes, the impact of mental health issues and burnout cannot be overlooked.
Reflecting on my experiences, I found immense value in hiring an executive coach as I transitioned to full-time business ownership. The process, which involved techniques like visualization and establishing a morning routine, proved to be one of my most beneficial personal and professional investments.
In this edition of "Engineering 365," we will explore the tell-tale signs of burnout and strategies to counteract its effects through daily, weekly, and monthly practices.
Warning Signs of C-Suite Burnout:
Recognizing these signs is crucial for making health-conscious adjustments to work habits.
Effective Strategies to Prevent Burnout:
Step 1: Setting Boundaries
Objective: The main goal here is to prevent work from consuming all aspects of personal life, which can lead to burnout. How to Implement:
Step 2: Values
What values are being honored at work and in your personal life? Or, more importantly, which values are being disregarded? Our values are present when we feel happiest. When we’re out of sync with our values, we can feel depleted, aimless, and exhausted. To combat burnout, we have to be honest about what truly matters to us. How to Implement:
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Step 3: Visualization Techniques
Objective: Use mental imagery to reduce stress and improve focus on future goals. How to Implement:
Step 4: Track (And Observe) Your Time
Spend a few weeks keeping track of the tasks, activities, and rhythms that fill your day. Notice what gives you energy and what drains you. How to Implement:
Step 5: Passion Projects
Objective: Engage in activities outside of work that bring joy and fulfillment, helping to counteract the effects of job-related stress. How to Implement:
Implementing these steps requires commitment and often a shift in how you manage your work and personal life. The idea is to create a balanced approach that sustains high performance without compromising mental and physical health.
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