About Workplace Stress
Workplace Stress Facts
The increasing cost of workplace stress impacts you and your organisation:
- 11.3 million working days are lost a year to stress (HSE 2013/2014)
- With the average cost of ‘sick’ days costing £618 per day, workplace stress costs the UK economy a total of £6.4 billion in 2012 (Expert HR 2012)
- Workplace Stress is directly responsible for 25% of sickness absence, 70% of visits to the doctor and for 85% of serious illnesses
Stress is common amongst all people of all ages. Work related stress develops because a person is unable to cope with the demands and high expectations within the workplace.
Stress, including work related stress, can often be the cause of illnesses and is known to be linked with high levels of sickness absence:
- Stress, anxiety and depression, are the reason for 1 in 5 visits to a GP (NHS Choices 2013)
- According to the Labour Force Survey (2012) increased absenteeism has lost the UK 10.4 million working days
Canada Life Group (2013) polled 1001 UK workers, finding that despite the increasing problem of stress, almost a third (31%) of respondents report that their organisations are not doing anything to reduce stress.
Despite issues of stress, respondents continued to work highlighting a rise in presenteeism.
- Not thinking the illness is serious enough to warrant a day off (76%)
- Having too heavy a workload to take time off (31%)
- Worrying about the financial implications (20%)
- Their colleagues, such as senior members of staff made them feel guilty for taking time off (19%)
- Feeling threatened by the risk of redundancy (13%)
Our own 2009 survey revealed that 78% of the general working population claimed that stress was affecting their health, mood and sleep. 61% had not done anything about these symptoms.
According to a survey published by Think-Tank, in 2014 mental health issues cost Britain £70 billion.
Minimise your Risk
The positive news is that once you understand the impact of stress within your organisation, you can invest in your workforce efficiently. A 2005 Health & Safety Executive of Somerset County Council found that it saved £1.9 million on stress-related issues through a training and development investment of only £390,000 – resulting in a return on investment of nearly £5 for every £1 spent.
Get specialist help to tackle workplace stress
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