I’m delighted to welcome regular contributions to this blog from Dr.Yolande Coombes, one of the very few Rapid Transformational Therapists in Africa and a trusted colleague at The Brand Inside.
I expect you’ve noticed the colds and stomach bugs that pass around your office, but something much more contagious and damaging to your business is being passed around; and it goes by the name of ‘stress’.
Stress shouldn’t be thought of lightly; it’s the common thread in a host of diseases from heart attacks, strokes and cancer to diabetes, hypertension and depression. Stress can exacerbate just about any health condition you can think of. That’s why stress is directly affecting the performance of your business.
A study of organisations listed on the Nairobi Securities Exchange demonstrated a high correlation between stress and corporate performance. We also know that EU countries lose Euros 136 billion annually from stress-related loss of productivity and sick leave. In the US this rises to between $200 and $300 billion annually when you include productivity loss, staff turnover and compensation claims. Research also shows that stress in a business contributes to at least 60% of workplace accidents and 30% of worker mistakes.
So how do you know if the people around you are stressed? Just look for irritability, lack of concentration, anger, poor self-esteem, depression and anxiety. Low motivation, low job satisfaction and organisational commitment are all highly correlated with stress. Employees under high levels of stress cost 40% more than the average worker, and stress may also contribute to increased instances of unethical behaviour, like lying to customers or taking shortcuts on work tasks. Continue reading