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STRESS COSTS COMPANIES MONEY
Recent studies reported work-related stress rates of 30 to 46 percent. In a study of 28,000 workers in 215 different organizations, Kohler and Kamp reported that stress at work was associated with employee burnout, acute and chronic health problems, and poor work performance. (University of California, Davis - Medical Center)
US companies lost an estimated $300 billion nationally in 2001 due to absenteeism, turnover, poor morale and lost productivity - plus medical, legal and insurance fees - related to job stress. That figure compares with an estimated $200 billion in 1991 and $150 billion in 1981. (American Institute of Stress)
Companies are now making the correlation between stress and productivity. They also know it's more cost-effective to keep someone happy than to recruit and train someone new. (SmartMoney)
American Institue of Stress estimates that 1 million workers are absent on an average workday because of stress related complaints. (AIS)
“In the long run, managing workplace absence from stress related problems may be the best way for a company to benefit its bottom line.” (Presley Reed, MD, editor-in-chief of The Medical Disability Advisor)
Experts said employers should find ways to reduce pressures of the workplace. And they said employees also should find ways to limit the effects of stress before it spills over into their personal lives and begins to affect their health. (online survey of 1,400 employees by CareerBuilder.com)
"Business leaders should be concerned because an overly stressed employee cannot perform at their best." (Marianne Carter, director of the University of Delaware's Employee Wellness Center)
Some effects of stress include headaches, irritability and sleeping disorders. The National Sleep Foundation has estimated that the direct cost of lost productivity in the American workplace is about $18 billion. (National Sleep Foundation)
More than half of the 550 million working days lost every year in the United States from absenteeism are stress-related, which the agency estimates costs U.S. companies an average of $602 per worker per year. (European Agency for Safety and Health at Work)
A study on workplace stress by a federal agency responsible for conducting research and making recommendations for the prevention of work-related illness and injury, found that health care expenditures are nearly 50 percent greater for workers who report high levels of stress. These workers are more likely to develop cardiovascular disease and psychological disorders. (National Institute for Occupational Safety & Health)
A survey of full- and part-time workers conducted in May by a workplace communications consulting firm based in North Haven, Conn., found that 52 percent feel at least “somewhat” stressed at work and 28 percent feel “a little” stressed. The survey found that 33 percent of respondents said they've seen an increase in stress-related illness, such as colds, headaches and stomach problems, at work in the last year. (The Marlin Co.)
An adjunct assistant professor at the Calloway School of Business and Accountancy at Wake Forest University, says studies have estimated that 132 million workdays a year are lost because of stress-related absenteeism and lost productivity. (Julie Wayne, Calloway School of Business and Accountancy)
According to a 2001 survey by the New York-based Families and Work Institute, 17 percent of employees who reported that they felt overworked said they made mistakes at work often or very often -- compared with only 1 percent of employees who don't feel overworked. And 49 percent of employees who feel overworked said it is at least somewhat likely they will look for a new job within the next year, according to the same survey. (Families and Work Institute)
Recent studies suggest 70% to 80% of all illnesses seen in medical practice are either caused by or made worse by stress.
Industrial stress claims are the fastest growing type of Workers' Compensation claim today. While the incidence of disabling injuries dropped 8% since 1980, the frequency of stress claims increased almost 540% for the same period. Between 1979 and 1988 (the last year that statistics are available in California) job-related mental stress claims reported to employers increased by nearly 700%. It was estimated in 1988 that the overall cost to employers and insurance companies (and ultimately the general public) [was] greaterthan $460 million for these claims. (Health Education Associates)
White collar occupations dominate the mental stress claim population. Workers in white-collar jobs (professionals, managerial, sales or clerical positions) account for nearly 70% of stress claims. Forty percent of stress claims are filed by sales and clerical employees. (Health Education Associates)
Stress prevention not only saves money, but it can create a higher level of esprit de corp. It can increase productivity, job satisfaction and profits. Stress prevention programs are not unlike accident prevention programs. Not only will the cost of your Workers' Compensation Insurance go down but you may even sleep better at night. (Health Education Associates)
Stress directly or indirectly contributes to the six leading causes of death in the United States, and aggravates many other conditions. Managing stress – whether you get more exercise, take deep breaths, or cut back on coffee – can make your life easier and your health costs lower. (SC Employee Insurance Program)
OBESITY COSTS COMPANIES MONEY
A wellness program is a meaningful investment in a company's greatest resource, its employees. And it can bring some pretty dramatic results. For example, the loss of a total of 1,300 pounds by 240 BP Amoco employees last year was one result of the company's wellness program. (Dr. James C. Hoyle Jr. and Christopher Duke, Special To Houston Business Journal)
According to an estimate by the Washington, D.C.-based Washington Business Group on Health (WBGH), a lobbying firm, obesity costs companies more than $12 billion per year. This cost is due to higher health insurance costs, paid sick leave, life insurance and disability insurance. Helen Darling, President of WBGH said, “Research has shown that the overall impact of obesity on health and costs outweighs even that of smoking.” (Helen Darling)
Medical expenses were more than five times higher for obese workers than for workers with normal weight. Even for workers who were overweight but not considered obese, the cost of health care was four times that of workers in the normal weight range. (Study released AUG 2003 by academic researchers and published in the American Journal of Health Behavior)
The Washington Business Group on Health, or WBGH, estimates that employers lose about $12 billion a year on health care costs and absenteeism because of overweight and obese workers. (WBGH)
Rand, the nonprofit research institution in Santa Monica, last year released a research report showing obesity contributes more to higher costs for medication and health care services than smoking or alcoholism. The number of obese Americans grew by 60 percent between 1991 and 2000. (Rand)
65 percent of the country's adults - roughly 127 million people - in the United States [are] overweight or obese. The figures don't bode well for employers, who are expected to continue paying annual double-digit increases in health care premiums for the foreseeable future. (American Obesity Association)
Studies show that obesity costs companies $12.7 billion per year, the largest share of which – $7.7 billion – was in the form of higher insurance costs, and is associated with 63 million additional doctor’s visits annually. It adds $395 a year to your health care costs, more than problem drinking, smoking and aging. A balanced diet reduces the potential of a wide range of illnesses, too, including type 2 diabetes, hypertension and heart disease. (SC Employee Insurance Program)
Employers spend 77% more on prescription drugs for the seriously overweight (Helen Darling, WBGH)
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