It’s Official: Burnout Is A Global Profit Vampire
Last week, shortly after the World Health Organization (WHO) updated its definition of burnout, news organizations erroneously called it a “disease.” Experts quickly corrected them, calling burnout a “syndrome.” That might be helpful for researchers—but for leaders, that’s a distinction without a difference. Whichever language you use, the burnout epidemic is a clear and growing threat. The American Psychiatric Association found that 61 percent of employees say they suffer from workplace stress, and it estimates the associated health care costs at $190 billion annually. Add related costs like turnover and low productivity, and the World Economic Forum estimates burnout’s global price tag at $322 billion. That’s like eliminating the combined profits of Apple, Alphabet and the other 10 most profitable American companies. Burnout is a global profit vampire…
Resilience is the key quality in teams battling adversity, says new research
Whether working on a complicated project against a tight deadline or battling a fierce mid-Atlantic storm, building resilience is key to enabling teams to deal with stress and overcome adversity, according to new research from Henley Business School.
The research, launched yesterday, provides insight into how employees can develop personal resilience strategies during challenging times at work and the key components of organisational team resilience based on the experiences of four professionals who took part in the Talisker Whisky Atlantic Challenge, an annual 3,000-mile row across the ocean.
Dr Caroline Rook, lecturer in leadership at Henley Business School, said her wider research involved creating healthy and productive workplaces by exploring the links between leadership and wellbeing in businesses. In particular, she analysed how to manage executive stress, maintain authentic functioning at work and the role of coaching in creating resilience for positive leadership…
A Navy SEAL explains 8 secrets to grit and resilience
Sometimes you just want to quit. You know you shouldn’t but nothing seems better than crawling back into bed and hiding under the covers. (I am there right now, actually, with my laptop.)
The emerging science of grit and resilience is teaching us a lot about why some people redouble their efforts when the rest of us are heading for the door.
Research is great, but it’s always nice to talk to someone who’s been there firsthand and to see how theory holds up against reality. So who knows about grit and persistence? Navy SEALs.
So I gave my friend James Waters a call. He was a SEAL Platoon Commander. BUD/S class 264 had a 94% attrition rate. Out of 256 guys only 16 graduated — and James was one of them.
James and I talked for hours but what struck me was how much of what he had to say about SEAL training and his time in the teams aligned with the research on grit, motivation, expertise and how people survive the most challenging situations…