It was found that the most significant increase in stress occurred in China, with about 86% of employees reporting a rise in stress. The least rise, 47%, was reported in The Netherlands.
Here is a formula reconfirmed: rise in stress levels is directly proportional to a rise in recession. Employees of as many as 58% companies, which participated in a global survey, said they had experienced a drastic rise in work-related stress over the last two years, which, in turn, affected their performance.
The Regus Business Tracker, a global economic indicator survey undertaken by the Regus Group, which provides workplace solutions, included a survey of over three lakh respondents in 11,000 companies across 13 countries which concentrated on their experience at the workplace during the tough times.
It was found that the most significant increase in stress occurred in China, with about 86% of employees reporting a rise in stress. The least rise, 47%, was reported in The Netherlands.
In India, the workers experienced a slightly lower increase with 57% reporting a ‘higher’ or ‘much higher’ growth over the past two years. Approximately 12,000 employees from 400 companies were interviewed.
Workers in the healthcare and pharmaceuticals industries reported the maximum rise, 65%, while those in the retail industry showed the minimum rise, 52%. A study by the Indian Council for Research on International Economic Relations found that India’s rapid economic expansion has boosted corporate profits and employee incomes but has also sparked a surge in work-related stress and lifestyle diseases. Moreover, very few Indian companies have done anything to tackle this.
“Our company encourages games like table tennis and carrom,” said Deepak Shetye, an employee of Ugam Solutions, an online marketing services firm with over 1,000 employees. “We are also planning to start a gym. It has made sure that the employees are not stretched beyond normal work timings.”
“The main cause of stress today is the insecurity of losing jobs,” explained Mohit Shetty, an HR professional with a leading private firm. “During recession, our company took many cost-effective measures and organised training activities. We were also continuously told that while recessions would come and go, our jobs would stay.”
The company size also matters. It was found that workers in mid-sized Indian companies (50-249 employees) experienced a greater rise, 61%, in stress as compared to 55% in smaller businesses.
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