the impact of stress on your business bottom line

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What is Stress (and Why Does It Matter?) Stay C onnected w ith M onster. http://www.facebook.com/monsterww @monster_works @monsterww http://www.monsterthinking.com/ http://www.youtube.com/user/MonsterVideoVault Presented by: Dr. Daniel Crosby President of IncBlot For More From Dr. Daniel Crosby, visit: MonsterThinking.co m

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Stress. We all feel it. In today’s over-scheduled workday, stress sneaks up on us and then delivers a one two punch to our productivity and job performance. In this presentation Dr. Daniel Crosby, President of IncBlot, will help you better understand how stress impacts job performance and what you can do about it. We will define stress and why today’s work environment intensifies our stress quotient. We will look at how stress affects worker retention, motivation, creativity and leadership. We will review the effect stress has to your bottom line and look at ways to calculate the dollar impact. This presentation will help define stress and build stress management plans that best fits your business culture so you can reduce the negative impact of stress in your company.

TRANSCRIPT

Page 1: The Impact of Stress on Your Business Bottom Line

What is Stress (and Why Does It Matter?)

Stay Connected with Monster.

http://www.facebook.com/monsterww @monster_works @monsterww http://www.monsterthinking.com/

http://www.youtube.com/user/MonsterVideoVault

Presented by:

Dr. Daniel CrosbyPresident of IncBlot

For More From Dr. Daniel Crosby, visit:MonsterThinking.com

Page 2: The Impact of Stress on Your Business Bottom Line

Hello!

Dr. Daniel Crosby

President, IncBlot

www.incblot.org

Organizational Psychologist = Business Shrink

Select, Perfect, Persuade

Need a new head shot

Page 3: The Impact of Stress on Your Business Bottom Line

“Discovering” Stress

First coined by Hans Selye in the 1930’s

Thought he’d discovered a new hormone

The process was the problem

Met with skepticism

Page 4: The Impact of Stress on Your Business Bottom Line

WHAT IS STRESS?

Specific response by the body to a stimulus, such as fear or pain,

that disturbs or interferes with the normal physiological equilibrium

of an organism.

Page 5: The Impact of Stress on Your Business Bottom Line

“If you are a normal mammal, stress is the three minutes of screaming terror on the savannah, after which either it’s over with or you’re over with”.- Dr. Sapolsky

Page 6: The Impact of Stress on Your Business Bottom Line

Advertising has us chasing cars and clothes, working jobs we hate so we can buy (things) we don't need.

We're the middle children of history, man. No purpose or place.

We have no Great War. No Great Depression. Our Great War's a spiritual war... our Great Depression is our lives.

We've all been raised on television to believe that one day we'd all be millionaires, and movie gods, and rock stars.

But we won't. And we're slowly learning that fact. And we're very, very (upset).

Page 7: The Impact of Stress on Your Business Bottom Line

Stress and Modernity

?

Social

Physical

Many professionals have secured their basic physical needs but wrestle with more enduring, ethereal needs such as belonging and meaning.

Page 8: The Impact of Stress on Your Business Bottom Line

Anatomy of Burnout

Alarm Resistance Exhaustion

Page 9: The Impact of Stress on Your Business Bottom Line

(TRICK QUESTION)

Is Stress Good Or Bad?

Page 10: The Impact of Stress on Your Business Bottom Line

Good Stress?

Eustress Distress

Page 11: The Impact of Stress on Your Business Bottom Line

Stress and Performance

Having too much stress ends in results that are identical to being lazy or bored (and isn’t nearly as fun).

Page 12: The Impact of Stress on Your Business Bottom Line

Stress and Retention

A survey of 1,626 people showed that over 50% were looking for new jobs that were less stressful – Envisia Learning

People will often flee a good/insecure job for a worse/secure job

“The Devil that you know…”

Page 13: The Impact of Stress on Your Business Bottom Line

Stress and Wellness

75% of all visits to a GP are caused or worsened by stress

Imagine the impact on health costs

Consider the impact on absenteeism

Reflect on wellness and engagement

Page 14: The Impact of Stress on Your Business Bottom Line

Stress and Wellness

Causes us to store visceral fat

Shown to stunt children’s growth

Increases risk of CV disease

Intensifies symptoms of diseases with autoimmune components (e.g., arthritis)

Root cause of much anxiety and depression

Implicated in hypertension, ED, infertility, colds, and insomnia

Page 15: The Impact of Stress on Your Business Bottom Line

Stress and Smarts

Studies show that we lose IQ and EQ points when under stress

When we need our smarts most, they are least accessible to us (without proper coping mechanisms)

Page 16: The Impact of Stress on Your Business Bottom Line

Stress and Leadership

A Swedish study shows that people who worked for bosses that were poor leaders were more likely to die of a heart attack

The Five Tools and Stress

Leaders must make extra efforts to manage stress to avoid “stress contagion”

Page 17: The Impact of Stress on Your Business Bottom Line

Stress and Profitability

Stress-related missed work and underperformance is estimated at 10% of GNP

That’s a whopping 1.47 trillion dollars/year

That’s trillion, with a “T”

Page 18: The Impact of Stress on Your Business Bottom Line

Stress and Creativity

On average, our minds can hold seven “chunks” of data

Think about a phone number for an example of “chunkiness”

Worry literally takes up space in our head that crowds out creativity

Stress makes you mean, stupid and dull

Page 19: The Impact of Stress on Your Business Bottom Line

In Summary

Stress = Getting out of balance

Can be good and bad

Too much is as bad as too little

Has an enormous, measurable impact on profitability, engagement, retention, leadership, creativity and intelligence

Be prepared to speak to the quantitative impact of stress to get buy-in!

Page 20: The Impact of Stress on Your Business Bottom Line

Any Questions?

Ask away!

I’m more approachable than my headshot would suggest.

Think of ‘em later?

@incblot – Twitter

[email protected]

www.incblot.org