Workplace stress — having little control but lots of demands — has reached near-epidemic levels. According to The American Institute of Stress, until around 1995, Japan held the record for the number of hours employees work each week. Today Americans work almost a month more than the Japanese and three months more than Germans. We are also working harder. This not only wreaks havoc on an employee’s mental and physical state but on the overall economy.
According to some estimates, the financial impact on our economy may be as high as $300 billion a year when accounting for diminished productivity, absence from work, employee turnover, and health-care costs associated with treating and managing the debilitating effects of workplace stress.