Stress Costs
?Workers' compensation awards for job stress, rare two decades ago, have skyrocketed and threaten to bankrupt the system in some states. California employers shelled out almost $1 billion for medical and legal fees alone. Nine out of ten job stress suits are successful, with an average payout more than four times that for regular injury claims
?Burnout-related absenteeism, tardiness, low productivity, and job turnover cost American companies $75 to $160 billion annually. And burnout has been related to escalating levels of violence in the workplace: more than 1,000 Americans were murdered at work last year; 10% of those killings were by disgruntled employees.
?40% of worker turnover is due to job stress. The Xerox Corporation estimates that it costs approximately $1-$1.5 million to replace a top executive, and average employee turnover costs between $2,000 to $13,000 per individual
?An estimated 1 million workers are absent on an average workday because of stress-related complaints