3 In 5 US Employees Experiencing Increased Workplace Stress In 2023

3 in 5 state that they have started suffering from workplace stress this year – over half feel employers aren’t doing enough.

• 60% of professionals suffer from workplace-related stress
• 45% of professionals saying concerns over job stability are the biggest trigger
• 62% don’t think employers are doing enough to help combat it
• 45% of professionals say it is down to senior leaders & HR to manage workplace stress, followed by line managers (34%)
• 49% of professionals identify their company’s output as high, 17% note that it is low quality

Three in five employees have stated that their mental health has declined this year because of workplace stress.

Despite US employers spending millions on wellness initiatives every year – increasing their spend by 22% since the pandemic – 62% of professionals still think that their employer is not doing enough to combat stress in the workplace.

Professionals At Risk

According to a poll of +2,500 by recruitment firm Robert Walters, 60% of professionals stated they have suffered from some form of workplace-related stress, beginning in 2023.

When asked how often they feel this way, a third stated ‘very often’ (34%), with a further 26% stating ‘somewhat often’, and 30% identified it as happening ‘sometimes.’ – Just 10% stated that they had not experienced any form of ‘reoccurring stress*’ at work this year. *stress-symptoms experienced more than 3 times for 7+ days at a time.

The Causes

When asked about what causes workplace stress, concerns over job stability were the most common trigger (45%). Followed by more pressure from management (23%), lack of a pay rise (19%), and taking on a heftier workload this year (13%).

Whose Responsibility Is It?

When asked whose responsibility it was to manage workplace stress – 45% of professionals said it was down to HR and senior leaders – 19% said that it was the responsibility of line managers.

However, just 14% of professionals feel employers are doing enough, a further 24% feel some efforts have been made, but they are lacking – whilst the overwhelming majority (62%) state that employers are falling short in their efforts.

Peter Milne, Managing Director of Robert Walters North America: “US employers spend an estimated $200-$500 per employee on wellness initiatives & benefits every year – but our survey indicates they may only be applying a band-aid.

“Employers must strike the balance between not breaking the bank or piling pressure onto managers to solve workplace stress but still being proactive and listening to the needs of their employees.”

Causes And Effects

Long work hours, heavy workloads, tight deadlines, unclear job expectations, job insecurity, and conflicts with colleagues or supervisors are all factors that contribute to workplace stress.

If not addressed, workplace stress can snowball into higher turnover rates, levels of employee burnout, absenteeism, and lower levels of productivity.

Indeed, 49% of professionals identified their company’s output as high – with almost 1 in 5 noting it was of a low quality.

Peter comments: “Workplace stress is something everyone in a business has a hand in creating – however, it is down to senior leaders, HR, and line management, depending on organization size and reporting lines, to set the tone for how it is handled.

“Simple interventions such as making sure workloads are manageable, setting realistic deadlines and making sure employees have access to support, safe spaces and relevant resources – can all help to alleviate pressure in the workplace as well as professionals’ day-to-day work life.”

This article originally appeared on ValueWalk.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.

Source: Read Full Article