Economic Crises Equals Work Stress: How Organizations Can Combat Employee Stress at Work
If the current economic climate has not caused you to feel stress, you might want to check your pulse. Dubbed an “economic crisis,” federal entities in the United States are passing life raft-like legislation and state budget talks resemble a fire sale more so than a negotiation—everything that can go, must. Unfortunately, unlike most crises, there is very little the average citizen can do to solve the problem. In the U.S. and elsewhere, the average citizen is concerned, watching and waiting for signs of recovery.
Organizations have the same stresses that individuals do—namely, staying afloat until the economy rebounds. Some organizational leaders are frantic, facing the reality that further cost-saving actions are going to affect productivity negatively. Managers are scrambling to meet deadlines and quotas with fewer resources. Salespeople are doing what they can to attract prospective buyers and waiting with baited breath until that dotted line is signed.