Burnout, cost-of-living crisis, mental health concerns top risks to organisational wellbeing: Study


PTI, Jan 18, 2024, 5:45 PM IST

Representative image (source: Pexels)

The prolonged exposure to crises, economic uncertainties and climate anxieties is creating a sustained strain on individuals as burnout, the cost-of-living crisis and mental health concerns have emerged as top risks to organisational wellbeing this year, says a report.

According to the International SOS Risk Outlook 2024 data, there is a direct link between employee wellbeing and organisational success.

”Concerns regarding crisis fatigue and burnout among the global workforce are also prompting organisations to re-evaluate their mental health support strategies and to prioritise proactive mental health support for employees,” it said.

Burnout rates among the global workforce have nearly doubled in just two years, soaring from 11-18 per cent to 20-40 per cent, with many reporting burnout levels as high as 50 per cent.

Globally, 80 per cent of surveyed global senior risk professionals identify employee burnout as the top threat to their organisation and workforce. Notably, this concern is most pronounced across the Middle East (93 per cent), Oceania (88 per cent), Africa (84 per cent) and Americas (84 per cent), which are exceeding the global average.

”Heightened geopolitical uncertainties and ongoing global crises are also amplifying employee anxieties and creating a complex landscape for businesses navigating workforce wellbeing and productivity,” Rodrigo Rodriguez-Fernandez, Global Health Advisor at International SOS, said.

”Employee demands for strengthened mental health and wellbeing support within the workplace had been steadily increasing even before the recent succession of crises. Blue Monday offers a timely opportunity for organisations to assess and strengthen workplace mental health initiatives,” he added.

The study further noted that organisations should implement proactive strategies to prevent burnout and combat crisis fatigue in the workplace like creating an emotionally open culture and encouraging open communication, providing flexibility and promoting work-life balance, offering employee assistance programmes (EAPs) and equipping managers with mental health first-aid training.

The International SOS Group of Companies is in the business of protecting the global workforce from health and security threats. It delivers customised health, security risk management and wellbeing solutions to fuel your growth and productivity.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Karnataka CM directs officials to submit proposal for gold chariot for Goddess Chamundeshwari

IPL Auction 2025 | GT buy Washington Sundar for Rs 3.20 crore; Shaw, Shardul go unsold

Virat Kohli doesn’t need our support, but we need the support of Kohli: Bumrah

INDIA bloc seeking JPC probe into Adani ‘scam’, govt scared of debate: Congress after LS, RS adjourned

Burglars decamp with cash Rs 1 crore, 300 gold sovereigns from house in Kerala

Raut demands re-election, alleges irregularities in EVMs during Maharashtra polls

Perth Test: Bumrah leads India to its biggest Test win on Australian soil

Related Articles More

Sensex reclaims 80k mark; Nifty surges over 1% after BJP-led Mahayuti’s win in Maharashtra

Rapid digital expansion to create over 1 lakh new jobs in fiber tech in India in next 5 years

Choose correct ITR to report foreign assets; 2 lakh such returns filed: CBDT official

Air India Express increases flight operations from northeast destinations

Mcap of 8 of top-10 most-valued domestic firms jumps Rs 1.55 lakh cr; HDFC Bank, TCS sparkle

MUST WATCH

Coconut Flower

Prakash Belawadi

Naxal Leader Vikram Gowda

Christmas Cake Fruit Mixing

DK Shivakumar


Latest Additions

Need to link co-op movement with circular economy: PM Modi

Karnataka CM directs officials to submit proposal for gold chariot for Goddess Chamundeshwari

RSS mouthpiece Organiser had attacked Constitution: Jairam Ramesh

Cheetah Neerva gives birth to cubs in MP’s Kuno National Park

Sensex reclaims 80k mark; Nifty surges over 1% after BJP-led Mahayuti’s win in Maharashtra

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.