How long before your company collapses?
NewYorkTimes

How long before your company collapses?

About 82% of employees are at risk of burnout this year—but only half of employers design work with well-being in mind

Everyday I hear the B word from my clients who work in large companies. They're burned out.

Everyday I read about the "mental health crisis" and with every study and there is always an increase in stress, burnout, and a lack of well-being that people are feeling.

While this is deeply concerning it certainly isn't surprising.

Company shareholders, boards and the C-Suite seem to have forgotten that it takes people to make a company a "going concern." And, people are not machines that can work 24-7 and have even greater output with shrinking resources.

Many C-Suite recognize that they're having engagement, retention and talent attraction problems and yet, do very little to address the impact and importance of well-being and the systemic impacts of well-being.

Think about it. Even if only 50% of your employees are experiencing burnout, how are you going to stay afloat?

It's time to pay more attention and investment into employee well-being with interventions that actually work!

CHRO Daily

March 14, 2024

Good morning! A burnout epidemic is hitting offices across the world, and despite increased awareness about the issue, a majority of employers aren’t establishing a work culture that prioritizes employee well-being, according to a new survey. More than eight out of 10 employees are at risk of burnout this year, according to the 2024 Global Talent Trends report published by Mercer, an HR consulting firm. About 43% of that group cited financial strain as a contributing factor, while 40% cited exhaustion, and 37% said they were struggling with an excessive workload.? “We are heading in the wrong direction, especially in the U.S.,” says Kate Bravery, knowledge and insights global leader for Mercer. “What we’re doing today is not having a material impact on physical or mental health. And that’s really worrying.” But there seems to be a disconnect between the detrimental effects of burnout—like lower productivity and engagement—and how much bosses view it as an issue affecting their companies. Less than half of employers design work with well-being in mind, according to the survey, and less than a third of employers believe that failing to invest in reducing employee burnout will expose them to considerable risk this year.? “Everybody has been looking at mental health, and physical health, and well-being. It’s been such a focus,” says Bravery. “And I think the results are saying is we are not moving the needle on that.” Emma Burleigh [email protected] @EmmaBurleigh1

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