The Cost of Stress - the Need to Monitor and Manage the Risks!Learn Management Articles on management-info.biz. The Cost of Stress - the Need to Monitor and Manage the Risks! article will help answer your questions on Management Articles.We at management-info.biz specialize in Management Articles. Management Articles at management-info.biz provides the most up to date news and articles. If you have questions please do not hesitate to contact us.
Let us start with looking at some hard-nosed numbers (based on the UK.).
Had enough of this? Moving on to think about the risk of unmanaged stress to organisations we can start by looking at the “knock-on” risks. Where an organisation is suffering from stress problems there will be a number of probable consequences, all with ensuing costs to the business. Also, what other risks might they contribute to?
When we take into account the figures and also these probable knock-on effects, it makes sense to think about managing the organisation in a way which will reduce the potential impact of stress. Indeed, that is a key part of one of the HSE initiatives and the introduction of their “Management Standards for Stress.” Although these are not compulsory in themselves, there is legislation around it! There is the duty of care and responsibility attached to managers as part of the Health and Safety legislation. This means undertaking risk assessments, creating a positive environment and managing work activity to reduce stress and pressure at work. Before going further into these, let us consider what is meant by this word, “stress”. The HSE define it as “the adverse reaction people have to excessive pressure or other types of demand placed on them.” A simpler option is to think of it as “the internalisation of pressure – where it exceeds your ability to cope.” When we hear people say things such as “We all need some degree of stress”, what is really being said is that we need some level of pressure to galvanise us to action. These pressures can come from all sorts of sources in a work and personal lives – and within ourselves too. The figure below, “The Pressure Curve” shows what we mean by this. If the amount of pressure is not high enough, we do not feel the need to respond and so performance is likely to be down. (Wonderfully called “rust out” in certain circles.) Have you ever gone into a shop, restaurant or somewhere on a very quiet day? What was the response and service like? This end of the scale can lead to problems from the boredom level! Get the pressure “right” and we are triggered to respond in the most effective way – and will operate at our “optimal performance” level. Moving along towards the end, the pressure levels increase and when this is too much the response is what most people think of as the classic stress problem, “burn out” This rarely just “happens” suddenly. The pressures build up, the symptoms will become more and more obvious, the physiological and behavioural clues will be more noticeable. If the situation does not change, and the pressure become more manageable, the person who is at this end will probably start to become ill as the body sends out signals to say it needs to protect itself against this burnout. The challenge facing managers with this concept is to identify what is the “optimal” amount of pressure for each person in their team. We each interpret pressures in different ways. What one of us may shrug off, another will think of as a crisis and vice versa. Add to this, we all have various pressures influencing us which are external to our work. These can range from personal relationships to financial, environmental to practical such as travelling. Then there is the human capacity to create pressure on ourselves through having unreasonable expectations or by finding things to worry about over which we have no control! How well do managers know their team members to assess their personal “negative” and “positive” pressures? Why do the figures show such an increase in stress related problems in recent years? Has that much changed? In short, yes! There are a number of factors, and these are an indicator and not a comprehensive list.
What can organisations do to monitor and manage the stress risk? One of the first things to acknowledge that there is a risk. Too many managers, especially senior executives, want to hide their heads in the sand and deny that there is a problem, or potential problem. They certainly do not want to suggest that they may be a significant contributor to the problem! Stress is not a problem confined to the executive suite! In fact, a higher percentage of the workforce down the line will suffer stress-related problems than senior management. Having said that, the consequences to the organisation and the people of an over-stressed senior manager can be horrendous! The organisation can use a number of factors to assess whether there is problem. As in most forms of good management, gathering data is key. Work from facts and not only conjecture, though do not ignore it. One of the “standards” is to look at absenteeism, both the levels and any patterns. Is the level static or increasing? Is any area of the organisation suffering more than the others? What happens when employees return to work, do you have a meeting with them to find out the real reasons for the absence, and what you can do to prevent them recurring? Also, will the organisation offer support to help the employee? If there is a pattern in one area, what is being done to address the cause? (Is it the nature of the work, or the manager or the environment?) Look at the quality information. Is there an increase in errors, customer complaints or, are other standards not being achieved? Before chasing the teams or individuals and demanding improvements, explore why things have begun to slip. Talk to people about what is going on and how they feel. What is happening to the staff turnover figures? Any trends apparent? Is the organisation using exit interviews to find the real reasons behind the departure? To get a proper overview as an organisation, a good starting point is to carry out a simple audit. Questions in these areas will help to get an immediate sense of where the organisation is in terms of meeting the HSE criteria. It will also highlight where issues may occur.
How well would your workplace score? Which areas could do with some attention? Remember, prevention is usually preferable to cure in most things. In this case, it is almost certainly a less expensive option! Pay attention to these factors and the organisation can start to address stress early on, preventing it becoming a problem. Another thing for the management team to do, is to develop an understanding of stress, its causes, symptoms and consequences. They can then begin to operate in a way which will create a healthier organisation. They can monitor the “health” using the approach above – and then set about managing to maintain a healthy environment. The secret to stress management is not about learning to relax, exercise or other coping strategies, although these do help. It is about getting to the cause of the problem and dealing with it from there. Good management practices, good communication, and supporting and caring for people will all help to reduce the risk of stress. Reduce stress and you reduce risks in many other areas of the business.
AKB 48 Atsuko Maeda's official app. (C)太田プãƒãƒ€ã‚¯ã‚·ãƒ§ãƒ³/(C)2011CYBIRD Cybird has started releasing iPhone and Android application featuring four members of AKB 48 on June 10 2011. Atsuko Maeda, a winner of the third AKB 48 election, as well as Yuko Oshima, Rie Kitahara, Rino Sashihara are chosen for apps. Article Index: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 |
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