Bank Employee Stress
CHAPTER 1 INTRODUCTION
Employee stress will cost the business and its magnitude will be large in a long run. * The total health and productivity cost of worker stress to American business is estimated at $50 - $150 billion annually. * Forty percent of job turnover is due to stress. Experts estimate it costs approximately 150 percent of a position’s salary to replace a worker.
People get sick from stress at work and the cost associated with stress is hence significant to the employer. Stress is associated with constraints and demands. Constraints prevent the person from doing things what he or she desires. Demand refers to the loss of something desired. Stress is highest for the individuals who perceive they are uncertain as to whether they will win or lose and lowest for those who think that winning or losing is a certainty.
For many individuals there is often discord between their personal and professional lives. It has often been said that individuals should strive to keep personal and work lives separate. However, in reality, considering the interconnectedness and wholeness of self, making such a distinction is impossible.
Executives, in particular, find difficulty in separating personal from professional lives, often experiencing an integration of both as an overall conceptualization of self. Excessive work demands, long hours, and stressful work conditions lead not only to professional dissatisfaction, but also frustration and challenges in other areas of life.
Research has shown that there is significant cost to organizations and individuals when stress is not addressed. It is reported that role stress is now the most reported cause of lost work days due to injury or ill health, with more than 13 million lost days reported. It has been found that stress has negative implications for individuals in multiple areas which impact organizational success including absenteeism, employee attitudes, and commitment to the organization, retention
Employee stress will cost the business and its magnitude will be large in a long run. * The total health and productivity cost of worker stress to American business is estimated at $50 - $150 billion annually. * Forty percent of job turnover is due to stress. Experts estimate it costs approximately 150 percent of a position’s salary to replace a worker.
People get sick from stress at work and the cost associated with stress is hence significant to the employer. Stress is associated with constraints and demands. Constraints prevent the person from doing things what he or she desires. Demand refers to the loss of something desired. Stress is highest for the individuals who perceive they are uncertain as to whether they will win or lose and lowest for those who think that winning or losing is a certainty.
For many individuals there is often discord between their personal and professional lives. It has often been said that individuals should strive to keep personal and work lives separate. However, in reality, considering the interconnectedness and wholeness of self, making such a distinction is impossible.
Executives, in particular, find difficulty in separating personal from professional lives, often experiencing an integration of both as an overall conceptualization of self. Excessive work demands, long hours, and stressful work conditions lead not only to professional dissatisfaction, but also frustration and challenges in other areas of life.
Research has shown that there is significant cost to organizations and individuals when stress is not addressed. It is reported that role stress is now the most reported cause of lost work days due to injury or ill health, with more than 13 million lost days reported. It has been found that stress has negative implications for individuals in multiple areas which impact organizational success including absenteeism, employee attitudes, and commitment to the organization, retention
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