The Hidden Cost of Burnout for You and Your Business

In this newsletter for November, I would like to address an uncomfortable truth:
Burnout isn't just a personal issue—it's an industry & world-wide challenge.

According to the Harvard Business Review, U.S. businesses lose between $125 billion to $190 billion annually in healthcare costs due to workplace burnout. Additionally, burnout can lead to a 37% increase in absenteeism, not to mention the costs with losing valuable talent for the organization.

In addition, a 2024 Global Trends Report by Mercer, a comprehensive study involving over a massive 12,000 participants globally, including 9,500 employees, 84 investors, 845 C-Suite leaders, and 1,900 HR leaders, delivers a sobering revelation: more than 80% of employees were at risk of burnout in 2024.

Let’s face it: burnout is a growing and deeply concerning epidemic!
And in 2024, burnout has unfortunately reached an all times high. A report published by BCG (Boston Consulting Group) in June 2024 shows that half of employees around the world are already struggling with burnout. In addition, a Forbes article published in February this year, shows CEOs are quitting in record numbers due to burnout.

So how are you preventing burnout for yourself and your company?

As someone who has over 10+ years in Tech, HR, Leadership & Development of managers and teams, I can say that the solutions are readily available and they include a shift in priorities that lead to long-term success.

In my work with leaders and organizations, I approach 4 core aspects through my coaching & trainings:

· Mental Fitness
· Emotional Fitness
· Energy Management techniques for increased focus and productivity
· Lifestyle changes and Inner Leadership methods for cultivating long term Happiness

The current state of affairs in the world is showing us all it is time we take immediate action on preventing the rise of this world-wide phenomenon.

Feel free to reach out for a chat. And I would love to hear from you:

What are the strategies you use to prevent burnout? Have you or people near you been faced with burnout?

Wishing you a great start of November,
Alina

Founder & CEO, Growth Hives

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