Workplace stress is a crucial concern that can significantly impact a company’s success. CEOs must recognize that stress levels directly affect the employee experience, which in turn influences productivity, retention, and the company’s reputation. A positive work environment leads to higher productivity, longer employee retention, and increased talent attraction through positive feedback and referrals. Conversely, a stressful workplace can result in high attrition, reduced productivity, and a negative reputation in the market.
Eliminating stress isn’t easy—about 40% of employees report experiencing high levels of stress. Management practices are critical; employees in poorly managed companies are nearly 60% more likely to experience stress compared to those with effective management. Surprisingly, employees with bad management report high stress levels about 30% more often than even the unemployed, according to Gallup’s State of the Global Workplace report.
To tackle stress effectively, CEOs should follow a four-step approach: Measure, Analyze, Act, and Repeat. This involves assessing stress levels, identifying root causes, taking targeted actions to address them, and continuously monitoring the situation to ensure a healthier work environment over time.
Read the full article on India Today: What strategies should CEOs use for a healthier corporate work culture?