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Stress Costs Aussies 14 Billion Annually

Posted by admin on September 3rd, 2008
 
Workplace stress and general un-wellness is costing the Australia economy $14.81 billion (Australian).
According to research recently published in the Herald Sun, the average Australian work misses over 3 days of work solely due to stress. And this isn’t taking into account other illnesses, or holiday; this is purely burnout from work overload.
According to the Medibank report, the actual amount of monies lost due to stress is at $5.12 billion per year. However, adding the cost of those who decide to weather the storm and come to work, only to be useless, brings us to the number of $14.81 billion.
Australia is likely no different than work in Asia, the Americas, or Europe (the three areas that we tend to discus most often here) in that employees are expected to take a lot from their employers. Often, the return on an employee’s investment isn’t that great (unless you’re one of those types who think that an employee is just spending a company owner’s cash and should count his or her blessings just to have a job).
Companies need to find a way to deal with stressed employees in a more efficient manner. Obviously, there will always be some stress in the workplace, which can be a motivating factor as well.
However, working someone to the point that their health is in jeopardy, or to look at it from another angle, to the point that they cannot make you any money, it’s simply unacceptable in the 21st century.
If companies aren’t going to look at it from a human health standpoint, perhaps they should see how much of that $14.81 billion represents their company’s share and then act accordingly.
 
 
Stress 4 Comments

Adam Ryan said,

September 3, 2008 @ 8:28 pm

Great Article,

Adam

Matthew Miller said,

September 3, 2008 @ 8:40 pm

this is a good article.

Eric Bakker ND said,

September 3, 2008 @ 9:00 pm

Apparently, Japan and Australia have the highest incidence of work related stress, even higher than the USA. Makes you kind of wonder why do so many go to Australia for work? Work stress = adrenal fatigue, no wonder so many Aussie women are tired! See the page on tired Aussie women, there are an estimated 4.5 million of them.

Jacqueline Marshall said,

September 22, 2008 @ 7:33 pm

Yes, I agree it is a good article, and I wonder how long it will take most people to realise what a poor, stressed state their body is actually in? most people are so busy rushing and borrowing energy from their future by drinking coffee etc – just to achieve their day to day living…..its like extending the bank overdraft and that isnt sustainable.

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