Why should organizations be concerned about stress at work? What are the costs of distress to organizations?

Week 3 Discussion (MGT5430 Organizational Management)

1. Why should organizations be concerned about stress at work? What are the costs of distress to organizations?
2. Compare one-way communication and two-way communication.
3. Describe at least five tasks and five maintenance functions that effective work teams      must perform.

IMPORTANT NOTES THAT WILL GUIDE YOU WHEN WRITING THIS ASSIGNMENT

For many organizations, stress is a major concern. Stress can affect productivity, employee health and well-being, and even capital expenditures (i.e., spending on new equipment). In this article we’ll explore some of the reasons why organizations should be concerned about employee stress at work. We’ll look at how stress affects performance, turnover rates and burnout rates; we’ll also discuss how these factors relate to financial outcomes for an organization.

Helping staff manage stress is not just a human resources issue.

Stress is a major health problem, and it can affect the whole organization. Stress can lead to higher employee turnover and absenteeism, which in turn has an impact on productivity as well as costs related to health care. The cost of managing stress at work can be significant:

• According to a study published by the American Psychological Association, “stress” costs U.S. companies roughly $300 billion per year (pdf). That’s why organizations should take steps now to reduce their employees’ levels of distress while they’re still able to do so before they become too costly or impossible to fix later on down the road

Stress is associated with poor performance, high turnover and burnout.

Stress is a major contributor to poor performance. When employees are under stress, they are less likely to perform at their best, and they may even quit the job. Stress can lead to absenteeism and high turnover rates, which result in lost productivity for organizations.

Burnout occurs when employees have reached the end of their ability to handle stressors at work because they feel exhausted by them or have experienced negative impacts on their personal lives (e.g., relationship problems). This can also reduce employee loyalty and decrease productivity as well as increase rates of accidents at work sites because people become frustrated with their jobs due to lack of sleep or other health problems caused by excessive stress levels

Stress interferes with work hours and productivity.

Stress is often associated with poor performance and absenteeism. In fact, studies show that stress-related problems are the primary reason why employees call in sick on Mondays and Fridays (this also happens because they’re working too hard). If you have a high workload, then your performance will likely suffer as well. You may find yourself feeling tired or having trouble concentrating at work because of stress—which could lead to lower productivity levels as well!

Stress can make new hires hard to retain.

If a new hire is already feeling stressed, it’s more likely that they’ll leave the organization. In fact, a recent study found that 70% of people who quit their jobs were the most satisfied with their work environment when they were hired. However, if you have an employee who is experiencing high levels of stress at work and needs to take time off for treatment or counseling, then this can affect their performance on the job as well as their overall health and wellness (which will negatively impact productivity).

In addition to affecting job performance and retention rates for employees overall—and potentially increasing healthcare costs by having workers take sick days—stress also has negative effects on learning new skills: many studies have shown that people learn better when they’re not stressed out about something else in their lives; however, those same studies show us that stress makes it harder for us to retain information from class lectures or read through books because our minds are distracted by concerns elsewhere (such as family dynamics).

It’s important for organizations to understand how stress affects its people and its bottom line.

The concept of stress is a complex one. Stress can be defined as the physiological response to any demand that exceeds a person’s ability to cope with it. Stress can also be viewed as a state of being, which includes physical and mental health problems caused by excessive demands on an individual’s resources, such as time and energy.

Stress has been shown not only to have negative effects on an individual’s health but also on organizations through reduced productivity and absenteeism rates; higher accident rates; increased turnover rates; reduced financial performance (e.g., lower margins); higher insurance premiums; employee theft/violence at work sites etcetera…

Conclusion

It’s important for organizations to understand how stress affects its people and its bottom line.

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