All companies manage risks to their businesses, yet many ignore what may be the greatest – the risk of work stress to employee health and corporate profitability. Although they try to lower health care costs, most fail to manage workplace stress, which is a confirmed threat both to employee health and the bottom line.1-2
WORKPLACE STRESS IS COSTLY
Job stress costs American industry more than $300 billion a year in:3-4
- Stress-induced accidents
- Absenteeism
- Employee turnover
- Diminished productivity
- Direct medical, legal and insurance costs
- Workers compensation awards
Over 50% of corporate profits now go for healthcare costs versus only 7% three decades ago.5