Employee Burnout on the Rise

Presented by Marc Aarons

I wanted to share some important information regarding employee wellbeing.

A recent study showed that employee burnout is at its highest level since the height of the COVID-19 pandemic in 2020. Reasons for this include increased stress, low job satisfaction, and financial concerns like unexpected medical costs.

With those factors in mind, here are a few ways employers can help:

• Learn to spot burnout. Not all employees will step forward and tell you they are burnt out. Look for signs like decreased productivity or out-of-character mistakes. You may also want to consider taking the pulse of your team via an anonymous survey.
• Don’t immediately punish. Burnt-out employees are already very stressed, and over half are more likely to seek a new job. While your natural instinct may be to chastise and correct, try instead to be empathetic and use active listening when speaking to them, especially if this has been a consistently high-performing employee.
• Fix bad work-life balance. Studies have shown a strong connection between overworking and burnout. If your employees are continuously working past regular hours, they may be in danger of burnout. Reset expectations and goals as needed to fix this imbalance.
• Provide mental health coverage. While about 80% of employees say that mental health coverage is essential, only 61% have this coverage in their benefits package. Mental health issues like anxiety and depression can have a serious impact on productivity. Helping your employees with their mental health is not only compassionate, but a smart way to do business.

While burnout can’t always be avoided, it can certainly be helped. If you have any questions about burnout or want to add additional mental health coverage to your current benefits offering, don’t hesitate to reach out by phone or email.

Marc Aarons may be reached at 714-887-8000 or marc@ocmoneymanagers.com

www.ocmoneymanagers.com

This communication is from Money Managers, Inc.; a Securities and Exchange Commission registered investment advisor.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities, and past performance is not indicative of future results.  Investments involve risk and are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed here.