This originally appeared on Forbes on April 23, 2024.
Burnt out and experiencing feelings of stress and anxiousness in the workplace? You're not alone. According to Headspace's sixth annual Workforce State of Mind report, 86% of workers have experienced moderate, high, or extreme stress in the past year. For those who have experienced extreme stress levels, 83% of those respondents said that their stress primarily comes from work. Those are sobering numbers that employers should take note of.
What's more, poor mental health costs the economy trillions. For example, depression and anxiety cost the global economy $1 trillion in lost productivity annually at the height of the pandemic, and that number is expected to rise to $6 trillion by 2030. But the good news is — businesses can turn it around.
Speaking with Karan Singh, Headspace's chief people officer, he firmly believes that well-being and productivity are not a zero-sum game. "It can be an 'and,' not an 'or,'" says Singh. "We consistently think of things as an 'either or,' but both can be true at the same time — even if they are conflicting thoughts. So, an employer can be a source of stress — and our data clearly shows that — but can also be a source of strength for connection, community, belonging, and purpose."
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