Workplace Stress

Workplace Stress

Here are some interesting facts about stress in the workplace and how it translates into actual dollar amounts:

The average direct cost of absenteeism is $3,550 per employee per year
– Watson Wyatt Canadian Staying @ Work Survey

The annual cost to Canadian companies due to stress-related disorders is $12 billion
Absenteeism due to stress has increased by over 300% since 1995
– Statistics Canada

51% of Canadian employees experience a great deal of stress at work. 25% of these employees have been physically ill from workplace stress
– Aventis Healthcare Survey 2002

75% to 90% of all visits to primary care physicians are for stress-related complaints
up to 80% of on-the-job accidents are stress-related
40% of job turnover is due to stress
– American Institute Of Stress

Stress accounts for $26 billion in medical and disability payments and $95 billion in lost productivity per year
Over 50% of lost work days are stress related which keeps about 1 million people per day from attending work
– Occupational Health and Safety news/National Council on Compensation Insurance (USA)

Workers who must take time off work because of stress, anxiety, or a related disorder will be off the job for about 20 days
– Bureau of Labor Statistics

75% of employees believe the worker has more on-the-job stress than a generation ago
– Princeton Survey Research Association

Problems at work are more strongly associated with health complaints than are any other life stressor; more so than even financial problems or family problems
– St.Paul Fire and Marine Insurance Co.

Employees in extreme workplace stress conditions suffer from: more than triple the rate of cardiovascular problems; over five times the rate of colorectal cancer; up to three times the rate of back pain
– Health Canada

…and here is the other side of the coin

A return on investment of $3.40 for every dollar invested in wellness initiatives as shown by reduced turnover, increased productivity and decreased insurance claims
– Health Canada

A 70% reduction in malpractice claims in 22 hospitals that implemented stress prevention activities
A 50% decline of medication errors in a 700-bed hospital after stress prevention acitvities were implemented
– Journal of Applied Psychology