Let's crunch some numbers. 40% of turnover is due to stress. And turnover costs on average 1.5-2 times the employee's salary. Burnout is stress on steroids (so to speak). It costs you in turnover, but first, it will cost you in worse performance, lower morale, poor customer service, absenteeism, health care costs, and more.
Put another way, if you have 10,000 employees and 15% experience burnout it will cost you more than $26 million annually.
More alarming, 70% of workers experienced burnout in 2022. And while most executives (91%) think their employees believe they care about their well-being, employees disagree. Only 56% reported that their company's leadership cared and was taking action.
If you own a business or manage a team of employees, you must join the Fairfax Chamber of Commerce’s workshop on burnout prevention.
Performance and behavior change psychologist, Rachel Boehm (NBC-HWC, PhD Candidate), will share the top contributing factors and red flags that signal burnout, and critical strategies leaders can enact to burnout-proof (or correct) their culture.
Takeaways include:
Recognizing the stages of burnout
What works and what doesn't in "employee wellness"
What most employers do wrong, and what to do right