The US$7bn Lost Asset:
Mental Stress in the Workplace

Picture of Written by Pamela Wagner

Written by Pamela Wagner

@pamelawagnerofficial

Companies lose US$7bn every year due to employees suffering from mental stress at work. Here are the most important effects on one’s health and body according to the latest research.

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In 2013, the government entity Safe Work Australia conducted a large scale study. They found that businesses in Australia alone lose more than US$7bn every year because of employees suffering from mental stress at work. 

US$7bn.

Let that sink in. That’s 000,000,000 – 9 zeros! Roughly the GDP of Kyrgyzstan, Tajikistan, or Guyana.

And, it’s not just Australia, which is sharing such impressive numbers. The European Agency for Safety and Health at Work (EU-OSHA) found similar numbers in 2014, and Canada and the US don’t seem to be far from that either. 

Not only is that figure a huge lost cost – imagine if you could invest all that money! These US$7bn usually include loss of productivity, cost of absenteeism and presenteeism, health care and social welfare. And, we haven’t even yet mentioned all the long-term effects that people suffer from. Emotional wounds that have never been given proper time and space to heal can have a large invisible cost. That usually includes accelerated stress, underlying anxiety, and other mental challenges. These can make it extremely difficult to be productive and live a happy and content life. Oftentimes, people are not aware of them for years or decades – assuming that this is just how life is supposed to be!

How Workplace Stress Affects Mental Health

We know by now just all too well that a healthy social life helps us live longer. On the contrary, lack of proper social interaction and activity affects your life worse in old age than diabetes (Yang et al., 2016). So, the next time you’re thinking about prioritizing work over your personal life beyond the hours that you’re supposed to spend on it, think again. The cost of sacrificing watching your daughter grow up, picking up your son from school, or canceling the meeting with your parents at the last minute add up over time. And, regret of not living life more is the number one emotion people feel when they die. Just like lost time, it will be difficult to recoup.

And this takes us to this week’s action step:

Mental stress often results from our own thoughts and beliefs: feeling that we’re not enough, so we need to work more. Thinking that we are not worth a certain amount of money, so we just add more and more hours. Overworking ourselves because we are feeling like we haven’t deserved the promotion yet.

We know this may hurt right now. But, we also know that working on your mindset is the quickest and cheapest way to reduce the mental stress on your body and life. Without having to face the embarrassment of telling anybody about your worries and challenges.

What is one step that you can take this week in order to prioritize your social life and personal time? Tell me about it in the comments below!

So, that next time, when your boss asks you for a meeting on a Sunday, you can respond politely that you already have other plans and would be more than happy to meet when back in the office on a Monday or Tuesday.

Are you ready to hustle less and start living more?

In 2013, the government entity Safe Work Australia conducted a large scale study. They found that businesses in Australia alone lose more than US$7bn every year because of employees suffering from mental stress at work. 

US$7bn.

Let that sink in. That’s 000,000,000 – 9 zeros! Roughly the GDP of Kyrgyzstan, Tajikistan, or Guyana.

And, it’s not just Australia, which is sharing such impressive numbers. The European Agency for Safety and Health at Work (EU-OSHA) found similar numbers in 2014, and Canada and the US don’t seem to be far from that either. 

Not only is that figure a huge lost cost – imagine if you could invest all that money! These US$7bn usually include loss of productivity, cost of absenteeism and presenteeism, health care and social welfare. And, we haven’t even yet mentioned all the long-term effects that people suffer from. Emotional wounds that have never been given proper time and space to heal can have a large invisible cost. That usually includes accelerated stress, underlying anxiety, and other mental challenges. These can make it extremely difficult to be productive and live a happy and content life. Oftentimes, people are not aware of them for years or decades – assuming that this is just how life is supposed to be!

How Workplace Stress Affects Mental Health

We know by now just all too well that a healthy social life helps us live longer. On the contrary, lack of proper social interaction and activity affects your life worse in old age than diabetes (Yang et al., 2016). So, the next time you’re thinking about prioritizing work over your personal life beyond the hours that you’re supposed to spend on it, think again. The cost of sacrificing watching your daughter grow up, picking up your son from school, or canceling the meeting with your parents at the last minute add up over time. And, regret of not living life more is the number one emotion people feel when they die. Just like lost time, it will be difficult to recoup.

And this takes us to this week’s action step:

Mental stress often results from our own thoughts and beliefs: feeling that we’re not enough, so we need to work more. Thinking that we are not worth a certain amount of money, so we just add more and more hours. Overworking ourselves because we are feeling like we haven’t deserved the promotion yet.

We know this may hurt right now. But, we also know that working on your mindset is the quickest and cheapest way to reduce the mental stress on your body and life. Without having to face the embarrassment of telling anybody about your worries and challenges.

What is one step that you can take this week in order to prioritize your social life and personal time?

So, that next time, when your boss asks you for a meeting on a Sunday, you can respond politely that you already have other plans and would be more than happy to meet when back in the office on a Monday or Tuesday.

Are you ready to hustle less and start living more?

Picture of Hi, I'm Pamela, the face of Hustle Less & Live More!

Hi, I'm Pamela, the face of Hustle Less & Live More!

I have trained and coached hundreds of people on personal development all over the globe – from Jamaica, the USA, to hosting workshops while being on a ship on the Atlantic ocean, all the way to Uganda, Austria, Ghana, the UAE, Pakistan, Singapore, and many more.

I am a go-getter, dream achiever, a true role model for behavior change, and I'm here to help you become the same.

Find me on:

1 thought on “The US$7bn Lost Asset: Mental Stress in the Workplace”

Leave a Comment

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Picture of Hi, I'm Pamela, the face of Hustle Less & Live More!

Hi, I'm Pamela, the face of Hustle Less & Live More!

I have trained and coached hundreds of people on personal development all over the globe – from Jamaica, the USA, to hosting workshops while being on a ship on the Atlantic ocean, all the way to Uganda, Austria, Ghana, the UAE, Pakistan, Singapore, and many more.

I am a go-getter, dream achiever, a true role model for behavior change, and I'm here to help you become the same.

Find me on:

1 thought on “The US$7bn Lost Asset: Mental Stress in the Workplace”

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Picture of Hi, I'm Pamela, the face of Hustle Less & Live More!

Hi, I'm Pamela, the face of Hustle Less & Live More!

I have trained and coached hundreds of people on personal development all over the globe – from Jamaica, the USA, to hosting workshops while being on a ship on the Atlantic ocean, all the way to Uganda, Austria, Ghana, the UAE, Pakistan, Singapore, and many more.

I am a go-getter, dream achiever, a true role model for behavior change, and I'm here to help you become the same.

Find me on:

Find me on:

1 thought on “The US$7bn Lost Asset: Mental Stress in the Workplace”

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

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