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Employee Burnout: It’s real. It’s getting worse. And it’s costing employers big time

0 2 years ago

Employee burnout was already a growing concern long before the pandemic struck. In fact, a Deloitte study pre-COVID 19 showed that 42% of U.S. employees left their job specifically because of burnout. But the lockdowns and uncertainty caused by COVID-19 have exacerbated the problem. Employee burnout is now widespread, prevalent in almost every organization across the country.

An Indeed employee survey found that 31% of Baby Boomers report burnout along with 54% of Gen X and 53% of Gen Y. And the problem appears to be increasing at a frightening pace.

According to a 2021 MetLife Benefit Trends Study, burnout has increased 25% since April 2020. During that time, 26% of U.S. employees have asked for help for stress, burnout or other mental health challenges. And a report from Mental Health America, “Mind the Workplace,” found 83% of respondents agreeing with the statement, “I feel emotionally drained from my work.”

The C-suite is also susceptible. In 2019, the World Health Organization (WHO) discovered that more than 60% of board-level executives reported feelings of high anxiety and stress on a regular basis.

What is burnout costing employers?

The Harvard Business Review (HBR) reports that burnout adds between $125 billion and $190 billion every year in health care costs and stress alone accounts for 8% of national health care spend.

Gallup calculates that burned-out employees cost $3,400 out of every $10,000 in salary because of disengagement. HBR also found that the deeper cost to business can be low productivity, high turnover and the loss of the most capable talent and the cost to replace them.


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