Essi Systems Customer Service
US & Canada: (800) 252-ESSI (3774)
All others: (415) 252-8224
email: essi@essisystems.com
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Essi Systems Customer Service |
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Researchers consistently find that stress in the workplace has significant bottom-line impact: |
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Nearly half of all American workers suffer from symptoms of burnout, a disabling reaction to stress on the job. An estimated 1 million workers are absent on an average workday because of stress related complaints. Stress is said to be responsible for more than half of the 550,000,000 workdays lost annually because of absenteeism. A three-year study conducted by a large corporation showed that 60% of employee absences were due to psychological problems such as stress. The proportion of workers who reported "feeling highly stressed" more than doubled from 1985 to 1990. Job stress is estimated to cost U.S. Industry $300 billion annually, as assessed by absenteeism, diminished productivity, employee turnover, direct medical, legal and insurance fees, etc. 60-80% of industrial accidents are due to stress. Some, like the Exxon Valdez oil spill and Three Mile Island nuclear disaster have direct cleanup costs of billions of dollars, not to mention environmental damage that cannot even be estimated. Workers' compensation awards for job stress, rare two decades ago, have skyrocketed and threaten to bankrupt the system in some states. California employers shelled out almost $1 billion for medical and legal fees alone. Nine out of ten job stress suits are successful, with an average payout more than four times that for regular injury claims. The market for stress management programs, products, and services was $9.4 billion in 1995, and is projected to be $11.31 billion for 1999. 40% of worker turnover is due to job stress. The Xerox Corporation estimates that it costs approximately $1-$1.5 million to replace a top executive, and average employee turnover costs between $2,000 to $13,000 per individual. Workplace violence is rampant. There are almost 2 million reported instances of homicide, aggravated assault, rape or sexual assaults. Homicide is the second leading cause of fatal occupational injury and the leading cause of death for working women. |
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Facts