A Better Way to Cut Workplace Stress
Workplace stress causes absenteeism, productivity losses, and increases in healthcare costs. Employers that help workers manage stress factors see significant financial benefits. But wellness programs alone don't get the job done.
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With hospital and health system job losses ratcheting up, healthcare can no longer be thought of as a rock-solid source of jobs growth. Those fortunate enough to have healthcare jobs are eyeing the brisk pace of consolidation and paying more for health insurance as employers shift some of those costs onto workers.
Is it any wonder that U.S. employers rank stress as the top workforce risk issue they are facing?
That was the finding of the recent Staying@Work Survey, conducted jointly by professional services provider Towers Watson and the National Business Group on Health. The survey, which set out to examine corporate health and productivity programs, was completed by 892 employers in North America, Latin America, Europe, and Asia between May and July 2013. There were 199 U.S participants: 59% are public companies, 22% are private, and 19% nonprofit or government agencies.