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An
article in the Sunday Times has reported that stress related
problems can reduce business profits by up to 10%.
Current estimates suggest that UK employers lose £20
billion from missed deadlines, sick pay and poor performance.
The International Labour Organisation estimates that the cost
of stress amounts to over 10% of Britain's Gross National
Product.
Research
commissioned by the International Stress Management
Association UK and Royal & Sun Alliance revealed
that 53% of people are suffering from stress at work
and one in four workers say they needed time off as
a result. The research also revealed that over half
of those questioned feel that stress is damaging
their health, reducing their job satisfaction
(65%) and lowering their productivity (41%).
Three stress related disorders - chronic pain
(including back, neck and shoulder pain), hypertension
and headaches - are estimated to account for a
high percentage of annual absences. Recent research
claims that common back problems, repetitive strain
injury (RSI), and other musculoskeletal disorders
are now the primary causes of absenteeism (European
Agency for Safety and Health at Work) with 1-2
million working days lost every year. This condition
affects 200,000 people per year and is estimated
to cost £400m per annum.
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