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The COVID-19 pandemic has proven to be stressful for people all across the country. Shelter-in-place orders have led to many people working from home for the first time. Some have taken to this well, but others are struggling. They aren't quite sure what they should be doing - something that may be causing them extra stress. This compounds with the fact that working from home can actually lead workers feeling higher levels of stress due to the potential imbalance in their work and personal life. Studies have shown that heightened stress can have a negative impact on productivity. Workers struggling with a lack of productivity or perceived productivity can cause more stress that compounds with everything else.
It's not secret that companies everywhere are struggling to retain their talent. The Bureau of Labor Statistics found that in 2019 the annual average turnover rate in the U.S. was 44.3%. Employee turnover is expensive. According to analyst Josh Bersin, the total cost of losing an employee can range from tens of thousands of dollars to almost two times their annual salary. Enough losses like these in a year can be devastating to a company's bottom line. Unfortunately, there is no magic bullet to solving this problem. There are many factors that contribute to the increasing turnover rate. However, there is one factor that stands out when compared to others: employee burnout.