High Stress Level Among Mnc Employees

HIGH STRESS LEVEL AMONG MNC EMPLOYEES

PRESENTED BY: PUNEET SINGLA MBA-1(A) ROLL NO. 2501

What does Stress mean? Stress is the emotional and physical strain caused by our response to pressure from the outside world.

What is Job Stress?

The harmful physical and emotional responses that occur when the requirements of the job do not match the capabilities, resources, or needs of the worker. Job stress can lead to poor health and even injury.

Nature of Stress Stress is of both positive and negative types. It’s effect varies from one individual to other. It affects the productivity of a person.

BURNOUT

Burnout is a painful process that includes emotional exhaustion, a loss of pleasure in interpersonal relationships, and a diminished sense of self worth

Causes of Stress Environmental factors •Economic instability •Political instability •Technical changes

Organizational factors

Personal factors •Imbalance between personal and professional life

•Organizational policies

•Economic problems

•Physical conditions

•Organizational processes

•Job insecurity

Other factors •Group cohesiveness •Job conflict etc.

Effects of Stress Effects on the Employees

Effects on the Organization

Effect on Employees Physical Effects Headache headache

Back Pain

Psychological Effects Difficulty in Concentrating Loss of Judgement Loss of Creativity Pessimistic Thinking Anxiety

Depression Nervousness Boredom Forgetfulness Tension Procrastination

Impact on Organization High Retention costs High Attrition rate High Absenteeism Loss of Reputation Lack of Coordination among Employees

Some Important Facts Acc. to survey of Sarthak, in India,50% of employees are suffering from stress In US & UK, more than 60% complain of work related stress Every year in Japan, 30,000 deaths occur because of overwork Total health and productivity cost of worker stress to American business is estimated at $50-$150 billion annually

Impact of Stress on Lifestyle Increased smoking or alcohol consumption Sleeping and eating disorders Neglecting safety precautions Withdrawal from social life

Corporate Stress Prevention Strategies Job enrichment of employees Increased employee participation in decision-making Family friendly policies Holidays Employee Recreation Employee Assistance Programs

Strategies currently being used by MNCs Company

Strategy used

TCS

Establishment of Gyms and Recreational centers

HCL Infosystems, Indian Airlines, TATA Group, SBI

Regular workshops and seminars on stress management, hypertension and cardiac care

IT&T

Redesigning of offices; and ‘Break Out Method’ of breaks

HP, IBM, CISCO

Emergency baby sitters, take out food, and laundry services

HSBC

Salsa dance in the Mumbai office every evening

Stress Busters (individual) Yoga and Meditation Healthy and Balanced diet Adequate Sleep Focusing on a Hobby Laughter