The issue of managing work stress is an important one for employers.
Regular HRwisdom contributor Weng Chio Fan is taking a look at this issue.
Over to Weng . . .
Work Stress: Can You Afford To Overload Your Employees?
A recent news report showed that, job stress accounts for at least 10% of the compensation claim across the public service, with an average $251,000 payout.
Besides, demanding work can also lead to absenteeism, performance decline, increased turnover and burn-out. All of these cost organisations millions of dollars in poor productivity performance. In fact, research shows that even an average level of work demands negatively impact on organisations’ performance.
However, with increasing globalization, rapidly shifting technologies and the ever-changing economic environment, organisations are trapped in the dilemma where their employees have to cope with numerous job demands to keep them stay in the business, yet, they have to find ways to alleviate job demands so that their workers can performance at their peak.
Have you seen these HRwisdom Blog posts?
- How To Motivate Staff [Excellent Video]
- Legal Responsibilities of Employers [Checklist]
- Bad Staff Motivation: How To Really Freak Out Your Workforce
- 10 Simple Ideas To Improve Employee Morale
The Way Out: Innovation
Recent research by leading organisational psychologists found that supporting innovation among employees is an effective strategy to alleviate the stress of job demands.
Innovation can mean introducing new or improved products, services or business processes into the business.
It can be a single major breakthrough or it can be a series of small, incremental changes.
In a nut shell, it involves two components: creation of new ideas and their implementation.
The study found that organisations that encourage and support the production and implementation of creative ideas perform better than those that don’t.
To find out how innovation can help your employees to cope better with their job demands, click here to see the next article in this short review of managing work stress.