Around half of the 614 human resources executives recently questioned by consultancy Future Workplace and software group Kronos blamed burnout for causing 20%-to-50% of their annual workforce turnover. Nearly 10% said burnout was responsible for causing more than half of their annual staff departures.
Such results, while alarming, aren’t altogether surprising, given the strain on resources created by the global financial crisis and ongoing rounds of cost-cutting at businesses hurt by technological disruption and labor outsourcing. Digital technology is also making life more stressful by exposing workers to devices that can keep them more connected to work outside traditional business hours.
Still, the line between what people identify as “burnout” and mere frustration over the size of their pay packet can be blurry.
Unfair compensation was identified in the survey as the top contributor to burnout, with unreasonable workload and too much unpaid overtime or after-hours work rounding out the top three. Other factors fueling burnout included poor management and a negative workplace culture.
To address the problem, organizations may want to start investing more time and money into retaining staff, rather than recruiting them. There also needs to be more buy-in from the C-suite, with a lack of executive support and a lack of organizational vision identified by HR leaders as key impediments to improvement.
The survey results come after a poll of more than 80,000 adults conducted by Gallup found the percentage of U.S. workers in 2015 considered to be engaged was just 32%, unchanged from 2014.
CEOs confronting a depressed workforce may want to take a leaf out of France’s book. Europe’s third-biggest economy has just introduced laws that give workers a “right to disconnect”. The laws, which came into force January 1, obligate organizations with more than 50 employees to establish protocols allowing them to ignore emails at certain times of day.
“As the economy continues to improve and employees have more job options, companies will have to provide more compensation, expand benefits and improve their employee experience,” Future Workplace partner Dan Schawbel said.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
