Category Archives: work/life balance

Jump in Job-Security Fears Impacting Holiday Stress

Some 68 percent of employees report having high levels of stress at work, with extreme fatigue and out-of-control feelings, according to the latest StressPulse survey by Chicago-based ComPsych Corp., a leading global employee-assistance provider. That represents a jump from 65 percent in 2009.

Although a much lower percentage, the biggest jump in the survey of employees from more than 1,000 ComPsych client companies, 20 percent, cite lack of job security as their primary cause of stress, up from 10 percent in 2009. The survey was conducted from Oct. 15 to Nov. 12.

“As the holiday shopping season begins [on Friday, officially], employees are trying to balance the urge to spend with the worry that they will retain their job,” says Dr. Richard A. Chaifetz, chairman and CEO of ComPsych.

“We increasingly get calls from employees who are struggling to manage their daily expenses,” he says. “On top of that, they are now faced with gift-giving costs.”

His company and other EAP providers now provide financial coaching along with psycholgical counseling, Chaifetz says. Not only should employers be on the lookout for signs of acute anxiety and changes in behavior, but they should also be reminding all workers that their EAPs are there, especially in this season, to “help individuals set and stick to a budget, as well as get counsiling to keep stress levels in check,” he says.

The next highest jumps in the survey were employees who say they lose more than an hour a day due to personal tasks, from 10 percent in 2009 to 19 percent in 2010 (trying to fend off creditors, perhaps?) and those who say they come to work one to four days per year when they’re too stressed to be effective, from 58 percent in 2009 to 64 percent in 2010.

Granted, none of this is all that surprising in this economy, but just in case you were wondering how worried employees appear to be heading into December — and about what, primarily — I thought I’d share.

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