Work Stress can be defined as any physiological or psychological stress caused at the work place or due to the nature of the work. Stress at work or on-job stress has been one of the most important causes for various ailments, including heart attack, depression, and anxiety.
Costs associated with leave due to illness, disability compensations, and alternate skilled employee placement are huge and have a negative impact on employee morale. 75 million working days are lost because of on-job-stress hazards. $50 billion are given as compensation. $50 billion is spent on indirect costs like replacement, training, and so on. The staggering number of work-related accidents is alarming.
All prices are in USD.