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Workplace stress – is it affecting your business?

(Last Updated On: April 22, 2016)

In a recent survey conducted by the Australian Psychological Society, workplace stress is on the rise. More than 1,500 people were surveyed, with three out of four Australians admitting workplace stress affects their health.

Workplace stress is a serious issue, as it not only affects the health and wellbeing of employees, but may also have a detrimental effect on business productivity. In Australia, more than $133.9 million was spent on stress related claims during the 2004 to 2005 tax year.

The age group that experienced the highest levels of stress was people aged between 18 and 35. The survey found people in this age bracket were growingly experiencing lack of job satisfaction. However, the older generations also experienced higher levels of stress than in previous years.

The reasons for stress can vary across different generations. Younger workers are more likely to be stressed as a result of exposure to workplace or occupational violence, whilst older workers tend to feel stressed due to high work pressure.

Other reasons why an employee may feel stressed at work include, but are not limited to:

  • the culture of the organisation
  • bad management practices and frequent change in management
  • lack of job satisfaction
  • the physical working environment
  • lack of support or training offered
  • long hours or heavy workloads
  • lack of proper resources or equipment

Employers are responsible for both the physical and psychological health and safety of all their employees, as far as reasonably practicable. Therefore, it is a good idea to have a risk management approach, which helps to identify possible causes of stress within your workplace, and ultimately, steps to take to counteract these.

Some steps employers can take to reduce stress include:

  • ensuring employees are adequately trained in their roles
  • providing a safe working environment
  • applying an ‘open door policy’ for employees to raise grievances
  • providing managerial training on how to identify and react to stress

Employsure can assist employers implement policies and procedures to ensure your staff remain happy, productive and stress free. If you have any questions relating to managing stress or the well-being of your staff, contact us today on 1300 651 415.

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