{"id":2698,"date":"2022-03-30T17:13:48","date_gmt":"2022-03-30T11:43:48","guid":{"rendered":"https:\/\/www.plancover.com\/insurance\/?p=2698"},"modified":"2022-04-13T14:42:25","modified_gmt":"2022-04-13T09:12:25","slug":"work-related-stress-a-rising-reason-for-high-attrition-rates","status":"publish","type":"post","link":"https:\/\/www.plancover.com\/insurance\/work-related-stress-a-rising-reason-for-high-attrition-rates\/","title":{"rendered":"Work-related stress [A rising reason for high attrition rates]"},"content":{"rendered":"\n<p>Human Resource (HR) departments of most small businesses have a concern &#8211; the high attrition rate. If the employees remain unwilling to stay in the company, there is rarely any future for the company. The company finds it difficult to establish itself in the competitive market.&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69ffa8356fcdb\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69ffa8356fcdb\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.plancover.com\/insurance\/work-related-stress-a-rising-reason-for-high-attrition-rates\/#Stress_is_the_main_factor\" title=\"Stress is the main factor\">Stress is the main factor<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.plancover.com\/insurance\/work-related-stress-a-rising-reason-for-high-attrition-rates\/#How_attrition_can_affect_the_progress_of_the_company\" title=\"How attrition can affect the progress of the company&nbsp;\">How attrition can affect the progress of the company&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.plancover.com\/insurance\/work-related-stress-a-rising-reason-for-high-attrition-rates\/#It_is_essential_to_locate_the_factors_causing_stress\" title=\"It is essential to locate the factors causing stress\">It is essential to locate the factors causing stress<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.plancover.com\/insurance\/work-related-stress-a-rising-reason-for-high-attrition-rates\/#Increased_demands_of_the_job_increase_stress\" title=\"Increased demands of the job increase stress\">Increased demands of the job increase stress<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.plancover.com\/insurance\/work-related-stress-a-rising-reason-for-high-attrition-rates\/#When_work_hours_are_inflexible\" title=\"When work hours are inflexible\">When work hours are inflexible<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.plancover.com\/insurance\/work-related-stress-a-rising-reason-for-high-attrition-rates\/#Unclear_job_requirements\" title=\"Unclear job requirements&nbsp;\">Unclear job requirements&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.plancover.com\/insurance\/work-related-stress-a-rising-reason-for-high-attrition-rates\/#BullyingHarassment_from_bossescolleagues\" title=\"Bullying\/Harassment from bosses\/colleagues\">Bullying\/Harassment from bosses\/colleagues<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.plancover.com\/insurance\/work-related-stress-a-rising-reason-for-high-attrition-rates\/#Job_insecurity_is_another_major_factor\" title=\"Job insecurity is another major factor\">Job insecurity is another major factor<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.plancover.com\/insurance\/work-related-stress-a-rising-reason-for-high-attrition-rates\/#Negative_impact_on_the_health_of_the_employees\" title=\"Negative impact on the health of the employees\">Negative impact on the health of the employees<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.plancover.com\/insurance\/work-related-stress-a-rising-reason-for-high-attrition-rates\/#The_importance_of_Health_Insurance\" title=\"The importance of Health Insurance\">The importance of Health Insurance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.plancover.com\/insurance\/work-related-stress-a-rising-reason-for-high-attrition-rates\/#Group_health_insurance_provides_a_security_net\" title=\"Group health insurance provides a security net\">Group health insurance provides a security net<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.plancover.com\/insurance\/work-related-stress-a-rising-reason-for-high-attrition-rates\/#Read_the_policy_document_before_buying_the_policy\" title=\"Read the policy document before buying the policy\">Read the policy document before buying the policy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.plancover.com\/insurance\/work-related-stress-a-rising-reason-for-high-attrition-rates\/#Reduce_attrition_rate_strategically\" title=\"Reduce attrition rate strategically&nbsp;\">Reduce attrition rate strategically&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Stress_is_the_main_factor\"><\/span><strong>Stress is the main factor<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>According to studies and research, work-related stress is one of the factors for high attrition rates of companies, logically applicable for small businesses in India, too*. Stress during work hours compels the employees to start looking for other options and then leave.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_attrition_can_affect_the_progress_of_the_company\"><\/span><strong>How attrition can affect the progress of the company&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If you are the head of the HR department of a start-up or small tech company or any other business in India, you should know the negative impact of attrition on the company&#8217;s progress.&nbsp;<\/p>\n\n\n\n<p>\u25cf The productivity of the company never really picks up&nbsp;<\/p>\n\n\n\n<p>\u25cf There are no innovations in the services\/products of the company<\/p>\n\n\n\n<p>\u25cf It is impossible to realize the expansion plans of the company&nbsp;<\/p>\n\n\n\n<p>\u25cf It hampers the goodwill of the business in the competitive market&nbsp;<\/p>\n\n\n\n<p>\u25cf Also, the company becomes unattractive as a recruiter to top talent in the industry&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"It_is_essential_to_locate_the_factors_causing_stress\"><\/span><strong>It is essential to locate the factors causing stress<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>One of the responsibilities of the HR department is finding the factors that cause work-related stress and create a high attrition rate. Once you can do it, it is easier to solve the issues or minimize the negative impact. HR has to review its policies and incentive schemes, along with flexible provisions for the employees, to locate the factors causing stress.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Increased_demands_of_the_job_increase_stress\"><\/span><strong>Increased demands of the job increase stress<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There is no doubt that if the position has stiflingly high demands, the employees feel stressed each day. They find it difficult to cope with continuous pressure and struggle to give their best. The company can avoid it to an extent with a better distribution of work and a streamlined allocation of responsibilities.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"When_work_hours_are_inflexible\"><\/span><strong>When work hours are inflexible<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A massive reason for work-related stress has an inflexible work schedule. When the employee has to adjust to strict work hours regularly, he feels stressed. Gradually, it affects his efficiency level. He does not remain in a position to deliver a good performance for the company.&nbsp;Post-covid, employees are now more prone to work in flexible work hours due to a distinct shift in perceptions of office work.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Unclear_job_requirements\"><\/span><strong>Unclear job requirements&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It has also been observed that when the job requirements are not very clear, the employee may feel stressed. He is not confident at the workplace. It is essential for the HR department to clearly define the job roles with a list of set functions. The HR can rely on a wide range of tools and technologies to ascertain job requirements, analytical parameters, etc.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"BullyingHarassment_from_bossescolleagues\"><\/span><strong>Bullying\/Harassment from bosses\/colleagues<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Bullying from bosses\/colleagues is yet another factor that increases work-related stress. It is, unfortunately, prevalent in several offices. It leads to a sharp drop in the performance level of the employee. He also does not feel any motivation to continue for the company. The chances of attrition become higher. Arguably, the simplest way to address such issues without hampering with the job security of the victim is implementing a system of \u2018nameless complaint box\u2019.<\/p>\n\n\n\n<p>Yet another factor that increases work-related stress is harassment. There are several cases where the employees feel insecure at the workplace due to harassment. The HR department should dedicatedly look for countering such issues to ensure a better work environment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Job_insecurity_is_another_major_factor\"><\/span><strong>Job insecurity is another major factor<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Work-related stress also increases due to job insecurity. When the employee is insecure about his job, he cannot deliver to the company desirably. There is a drop in his productivity. It ultimately hampers the growth of the company. Job insecurity can be due to low pay, unattractive incentives, lack of growth, lack of health policies, etc. The HR can detect job insecurity with regular monitoring of different aspects of an employee\u2019s productivity. Designing the HR policies more in favor of the employees can reduce job insecurity.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Negative_impact_on_the_health_of_the_employees\"><\/span><strong>Negative impact on the health of the employees<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li><strong>Getting cardiovascular diseases<\/strong><\/li><\/ul>\n\n\n\n<p>The cardiovascular health of the employees deteriorates due to work-related stress. The conditions of the heart become poor. There are issues with blood circulation. Also, the cholesterol level in the blood can increase. Furthermore, the affected employee can suffer from high blood pressure.&nbsp;<\/p>\n\n\n\n<ul><li><strong>A growing risk of diabetes<\/strong><\/li><\/ul>\n\n\n\n<p>It has been observed that employees who feel heavily stressed at the workplace also risk becoming diabetic. There is a sharp rise in the blood sugar level. It severely affects the health of the employee. He feels lethargic and becomes unable to provide the work expected from him.<\/p>\n\n\n\n<ul><li><strong>A drop in immunity level<\/strong><\/li><\/ul>\n\n\n\n<p>Stress can also harm the immunity level of the employee. A drop in the immunity level means more chances of falling ill. The body becomes weak. It is not able to cope with various diseases.<\/p>\n\n\n\n<ul><li><strong>Chronic joint and muscular pain<\/strong><\/li><\/ul>\n\n\n\n<p>It is a hard fact that working for long hours in the same position can induce chronic pain in joints and muscle tissues. But, do you know that even mental stress can cause such a negative effect on the health of the employees? As a senior in HR, you need to address the issue.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_importance_of_Health_Insurance\"><\/span><strong>The importance of Health Insurance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As you can see, work-related stress can cause many health problems for employees. But, as a person leading the HR department, it is your responsibility to address the issue. One of the most efficient ways you can do it is by providing Group Health Insurance to your employees. The insurance plans nowadays have an add-on that lets an employee to receive help from a mental health expert.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Group_health_insurance_provides_a_security_net\"><\/span><strong>Group health insurance provides a security net<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Group health insurance products are practical tools that simultaneously provide a security net to the employees and reduce the rate of attrition. Ensure consulting a top-rated insurance company with certification from the IRDAI.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Read_the_policy_document_before_buying_the_policy\"><\/span><strong>Read the policy document before buying the policy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It is essential to go through the terms and conditions of the insurance policy before you decide to purchase it from a service provider having goodwill in the industry.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reduce_attrition_rate_strategically\"><\/span><strong>Reduce attrition rate strategically&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>You can reduce the attrition rate of your small business or start-up to a considerable extent when you assure a good group health insurance policy to your employees. Talk to the professionals of&nbsp;<strong>PlanCover<\/strong>&nbsp;who have expertise in providing a wide range of excellent insurance products to various small businesses in India.&nbsp;<\/p>\n\n\n\n<p>References:<\/p>\n\n\n\n<p>* <a href=\"https:\/\/bmcpublichealth.biomedcentral.com\/articles\/10.1186\/s12889-020-8289-5\">https:\/\/bmcpublichealth.biomedcentral.com\/articles\/10.1186\/s12889-020-8289-5<\/a><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Human Resource (HR) departments of most small businesses have a concern &#8211; the high attrition rate. If the employees remain unwilling to stay in the company, there is rarely any&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"cybocfi_hide_featured_image":"","footnotes":""},"categories":[315],"tags":[],"_links":{"self":[{"href":"https:\/\/www.plancover.com\/insurance\/wp-json\/wp\/v2\/posts\/2698"}],"collection":[{"href":"https:\/\/www.plancover.com\/insurance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.plancover.com\/insurance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.plancover.com\/insurance\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.plancover.com\/insurance\/wp-json\/wp\/v2\/comments?post=2698"}],"version-history":[{"count":1,"href":"https:\/\/www.plancover.com\/insurance\/wp-json\/wp\/v2\/posts\/2698\/revisions"}],"predecessor-version":[{"id":2701,"href":"https:\/\/www.plancover.com\/insurance\/wp-json\/wp\/v2\/posts\/2698\/revisions\/2701"}],"wp:attachment":[{"href":"https:\/\/www.plancover.com\/insurance\/wp-json\/wp\/v2\/media?parent=2698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.plancover.com\/insurance\/wp-json\/wp\/v2\/categories?post=2698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.plancover.com\/insurance\/wp-json\/wp\/v2\/tags?post=2698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}