Organizations are losing between 250-350 billion dollars every year to burnout! They are losing another estimated 500 Billion to Disengagement!
According to a 2013 Gallup workplace poll, over 70% of Americans say they are disengaged from their jobs.
That disengagement/burnout translates to more sick days, errors or negligent performance, bad moods, and one more day of your life you could have spent doing something you enjoyed. For employers, it means massive financial losses on healthcare costs, absenteeism, turnover, dealing with employee mistakes, and lowered performance. Don’t believe us? Check out some of these alarming statistics:
-Unscheduled absenteeism accounted for 9–12% of all payroll costs last year. In public transportation, unscheduled absenteeism related costs accounted for 1/4 of their entire operating budgets.
-There has been a sharp rise in workplace suicides. Doctors are 4x as likely to commit suicide than the general population.
-There are over 100,000 doctors and nurses actively abusing prescription drugs to cope with job stress.
-Turnover rates have skyrocketed with some industries experiencing employee attrition of up to 50%. Some are experiencing turnover rates of up to 80% of all applicants by the time they hit their 1 year mark.
-Just 4 hospital stays can cost an organization $100k