Stress in the workplace can take a toll on employee engagement and productivity. While high unemployment and slow wage growth may contribute to stress levels, new research underscores the importance of implementing HR strategies that tackle stress outright.
According to a report released Tuesday by ComPsych, more than half of surveyed employees - 56.3 percent - say workplace stress makes it difficult to focus on tasks. Twenty-one percent of respondents claim it causes errors or missed deadlines, and slightly more than 15 percent say it makes it difficult to get along with coworkers and managers.
"Unchecked stress can result in a number of productivity-sapping outcomes, from diminished work quality to absenteeism to coworker clashes,” said Dr. Richard Chaifetz, chairman and CEO of ComPsych. "Organizations looking to compete in a volatile marketplace are proactively addressing stress - this can enhance employee well-being and therefore engagement."
An improving job market may cut back on stress levels and boost employee satisfaction, but it may also take a toll on staff retention levels. But whatever sort of management strategies companies adopt, stress levels should be addressed directly.