The High Cost of Unhappy Employees to Businesses [INFOGRAPHIC]
Happiness is what most of us strive for in our personal and business lives. If you’re stressed and unhappy at work that inevitably spills over into your personal life. That in turn creates more stress as we spiral into the abyss.
Based on the findings in this report, a jaw dropping $30 billion is lost annually from absenteeism related to stress. Lack of productivity from stress costs U.S. companies another $200 billion. This is staggering.
Is management out of touch?
In a company with any kind of size there is a trickle down effect. The larger the company the more layers of management. Each of these managers are responsible for a number. That can be a sales number, or some other metric depending on the goals of that specific department. The pressure and stress to meet and exceed these forecasted numbers starts at the C level. It trickles down from layer to layer. The focus is on the numbers, but too often the numbers are not realistic. When the numbers aren’t realistic failure is inevitable. It’s a big problem in business. It could be a dozen other things such as lack of training, poor communication between a manager and his/her directs, or employees in the wrong role. Management isn’t generally worried about the stress of their team, they’re worried about hitting their numbers.
Many companies are short-handed. You’ve likely heard, “do more with less.” It’s catchy, but it doesn’t work. Each employee takes on way more than they can successfully handle. That leads to stress, inefficiency, and lost time. The end result, do less with less.
The results are in, wakeup management…
43% stressed out by a heavy workload
40% feel their job expectations are unrealistic
43% are dissatisfied with their salary
43% do not see opportunity for growth
The Wonderful Effects of Happiness
When a work environment involves numbers that are attainable, that aren’t pie in the sky, you’re already ahead of most companies. Develop a process that gives each employee the best opportunity to succeed and good things will happen.
Happy employees stay twice as long in their jobs, lowering costs on recruiting and training. Happy employees are 58% more likely to voluntarily help their colleagues. A whopping 98% of these jovial employees more strongly identify with the company culture. Sick leave decreases by 67%. Maintaining a happy work environment is paramount to success.