What You Need to Know About Employee Burnout

What You Need to Know About Employee Burnout

In the Best Money Moves Roundup, we run down the latest HR news on retention, mobility and pollution.

Employee engagement drives productivity and retention, but it’s not all good news.. Research from Yale University revealed 50 percent of moderately to highly engaged employees are burnt out. They’re passionate about their work and show high skills acquisition, but they’re also the employees most at risk for turnover.

Dr. Jochen Menges, a co-author of the study, claims his research can help employers. “By shedding some light on some of the factors in both engagement and burnout, the study can help organisations identify workers who are motivated but also at risk of burning out and leaving.” A shortfall of Menges and his colleagues’ research is its inability to pinpoint when engagement stops being productive and starts exhausting valuable employees.

The challenge is to find the fine line between engagement and burnout. It’s different for everyone. One way to tell is to watch for signs like frustration and anxiety.

How to Find the Right Balance

What We’re Reading

Women appointed to boards at a record high. Close to 40 percent of vacant board seats at Fortune 500 companies went to women in 2017. Learn more about this rising trend and its implications.

New LinkedIn research. It’s no surprise that attracting and retaining top talent is imperative with unemployment at a low, but how do you do it? Use these strategies to stay competitive.

Focus on mobility and stability. If you’re in an industry with high turnover consider offering opportunities to move into different positions and benefits that support employees and their families. See what ROI on employee investments looks like.  

WeWork bans meat. In a bold move WeWork announced it won’t serve or reimburse meals that include red meat, poultry or pork. Why they’re doing it and more importantly, can it work?

What are stay interviews? Instead of waiting for an exit interview to get some feedback start conducting stay interviews to find out why employees stick around. How this can help you retain more employees.

Are you using the 20/60/20 rule? Instead of trying to win over 100 percent of your team, use this rule to strategically focus your attention on your most valuable team members. What the 20/60/20 rule is and how to use it.

Digital distractions. Employees can’t get a full 30 minutes of work in without being distracted by work instant messages and emails or personal text messages and notifications. How to deal with communication overload.

Job insecurity and sexual harassment. Three separate studies found that sexual harassment is driven by the harasser’s fear of being called out for inadequate job performance. Now that we know, what can we do about it?

Know the Warning Signs of Employee Burnout

Know the Warning Signs of Employee Burnout

There’s a fine line between employee engagement and burnout. Know the warning signs of employee burnout for higher retention and productivity.

Employee engagement drives productivity and retention, but it’s not all good news. Research from Yale University revealed 50 percent of moderately to highly engaged employees are burnt out. They’re passionate about their work and show high skills acquisition, but they’re also the employees most at risk for turnover.

Dr. Jochen Menges, a co-author of the study, claims his research can help employers. “By shedding some light on some of the factors in both engagement and burnout, the study can help organisations identify workers who are motivated but also at risk of burning out and leaving.” A shortfall of Menges and his colleagues’ research is its inability to pinpoint when engagement stops being productive and starts exhausting valuable employees.

The challenge is to find the fine line between engagement and burnout. It’s different for everyone. One way to tell is to watch for signs like frustration and anxiety.

The study measured engagement, burnout, demands, resources and how they interact and influence each other in over 1,000 U.S. employees. Employees that were ‘optimally’ engaged reported high resources and low to moderate demands. They had support from their supervisors through rewards and received recognition without having to struggle with cumbersome bureaucracy, demands for concentration, or heavy workloads. On the other hand, 64 percent of employees experiencing burnout reported high demands and high resources. Finding the right balance between resources and demands might be the key to productive engagement.  

Look for common symptoms like exhaustion, frustration, anxiety, and inability to keep up with daily tasks. Monitor workloads to find out when it’s time to dial demands back and expand resources. Wellness programs can ease stress and help employees manage work-life balance, but if demands are too high employees will still burnout.

Research from Business Point Innovation Network and Pollfish found that 60 percent of working mothers and fathers experience burnout. Employees with children might be more likely than others to experience burnout, but there isn’t enough research on demographics to confirm which employees are most at risk.

Until there’s more research, it’s best for employers to assume any employee could be at risk for burnout.

You Need to Focus on Improving Retention. Here’s How:

You Need to Focus on Improving Retention. Here’s How:

In the Best Money Moves Roundup, we run down the latest news including retention, wellness benefits, and sourcing parties.

There’s a lot to learn from Jobvite’s recent survey – especially with the lowest unemployment rate in 17 years.

One thing we learned: An alarming 82 percent of employees are open to new job opportunities even if they’re happy with their current position. Since turnover can cost up to six months of an employee’s salary, you need to do all that you can to find and keep top talent. Strategize your recruitment and retention efforts to create a successful team.

Here are two pieces of advice that will have the biggest impact on retention.

  1. Company culture is key. Nearly 90 percent of employees agreed company culture is important. More than 30 percent of employees would be willing to take a 10 percent pay cut for an improved company culture. Additionally, a third of those who left a job within 90 days said it was because of a bad company culture. So, take an objective look at your company culture and ask for suggestions on ways to improve it. (Hint: Polls and prizes are your friends when it comes to generating helpful suggestions from employees.)
  2. Focus recruitment efforts on your more successful employees. Most employees found their jobs through friends or professional connections. Less than 20 percent said they found their position through community forums or alumni networks. Ask your employees to recommend qualified people in their networks. Consider offering a gift card for successful candidates who accept an offer.

What We’re Reading:

Sourcing parties are a rising recruitment trend. Instead of reaching out to candidates directly, sourcing parties link hiring managers, recruiters, and employees to strategize collectively. Find out how it works.

How do you know if a new hire will be a good fit? Find out what motivates them and see how their personality traits fit in with your current culture. Learn more about improving new hire retention.

Open recruitment to remote workers. Fewer employees are willing to relocate for a job which limits your pool of candidates. Why it’s time to develop a remote work policy.

Where can your employees recharge? Rooms where employees can take a break from work and renew their energy improve productivity. Different kinds of ‘recharge rooms’ and why they work.

Develop a wellness program that’s worth it. Your wellness program has to be strategic for it to improve productivity and retention. Ask yourself these questions.

Self-service HR. Employees want self-service HR tools so they can complete tasks like viewing payroll information and updating personal information themselves. Give employees what they want.

Cross training as a strategy to boost retention. If you want happier employees have them work smarter, not harder. Try this simple method.

Have something to add? Email info@bestmoneymoves.com.