How stress impacts business (and what to do about it)
Stress is often seen as part and parcel of business. It can even be worn as a badge of honour in competitive workplaces.
But make no mistake, the growing rates of work-related stress are problematic. In Australia, work-related stress is the second most common compensated illness or injury. It also makes up for the longest periods of absenteeism.
When does stress start to become unhealthy for you – and your business? Let’s have a look at some of the very real ways stress impacts business, plus some practical ways to reduce stress and improve performance in the long run.
How stress impacts business
Some stress is actually useful. Stress motivates us to meet deadlines, focus on tasks and remember important information. However, when stress levels get too high, the opposite happens. We start to lose focus and make mistakes on difficult tasks. This is known as the Yerkes-Dodson law.
And if high levels of stress are chronic, it can lead to:
- Poor productivity
- Low morale
- High staff turnover
- Bad health (and more sick days)
- Reduced financial performance
On the other hand, the benefits of keeping stress in the optimal zone include greater job satisfaction, increased productivity and improved wellbeing.
Too stressed out? Here’s what to do
First, you should identify what’s making you stressed. Long hours, tight deadlines and demanding workloads are all common causes, but they can also be relieved by proper support. That means the right training, resources and equipment to get the job done. Personally, you can help yourself reduce stress by doing the following:
- Be organised. Make lists, set realistic deadlines and try to stick to the same processes.
- Frontload your day. Do the most difficult tasks in the morning when you’re sharp.
- Meditate. Apps such as Calm or Headspace help you take a moment of quiet for yourself.
- Leave work at work. If you’re taking work home, this is a red flag you need more support.
- Take breaks. Don’t skip lunch! Better yet, don’t eat at your desk. Time for a walk?
Can technology reduce stress?
Tech is often pointed to as a workplace stressor because it’s just another thing you have to learn (and it’s always changing!). But a recent study actually shows the opposite. A survey of 34,000 workers in 18 countries found that 72% of those with lower stress levels said tools and technology helped them work productively. And 64% agreed automation helped them reduce workload and stress.
It makes sense. As technology improves, it’s easier to get information, automate tedious tasks and communicate with your team. Digital proposals are no different. Proply makes it possible to create proposals simply and quickly from fully customisable, interactive templates. With unlimited assistants, you can oversee and delegate workflow better. And our instant online Accept feature means your vendor can now accept proposals anywhere, from any device.
We’re confident Proply can help improve productivity and workplace frustrations – that’s why we offer a free trial, with no credit card required. Give digital proposals a whirl today and see how they can help!