How to calculate what stress costs your organization - and how effective leadership can recover these costs
Discover the simple formula that lets you calculate the costs of stress in your organization in dollars and cents
We've talked about stress and work-life balance for decades, and there's probably more stress in the workplace now than there ever has been. Part of the reason for this is that there never was a simple way to measure the financial impact of stress and work-life imbalance - until now.
In his bestselling book StressCosts Stress-Cures Ravi Tangri has pulled together all the research available on the costs of stress in the workplace. Much like putting pieces of a jigsaw puzzle together, he integrated the research to create a rock-solid formula that you can plug your own data into, and calculate what stress is costing you in dollars and cents.
And that's not all. Because work-life balance is shaped by the corporate culture, and 70% or more of the corporate culture is shaped by your leadership, the StressCosts FormulaTM is also a powerful metric for effective leadership. With the increasing demands by younger workers for more effective leadership, mentoring and coaching, this provides you with a solid measure for developing your leaders across your organization.
You can apply the StressCosts FormulaTM to your entire organization or department by department if you want to see the impact of leadership in each department on the health, balance and performance of your people.
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