Burnout costs billions

- This is an audio course. Thank you for listening. Well, tell us, so we're talking about burnout here today. What is the state of burnout these days amongst professionals? Do we know what proportion of us are feeling burnt out? Is it getting better or worse? What's the scoop? - So burnout was already a problem prior to COVID 19. It was already becoming an epidemic in itself, so much so that in 2019, the World Health Organization recognized burnout as a occupational phenomenon and conceptualized as a syndrome, that's resulted from chronic workplace stress that hasn't been successfully managed, and again, these are stats prior to COVID, but you know in 2015, the Stanford researchers estimated that job burnout cost the US economy about $190 billion due to absenteeism, turnover, diminished productivity medical, legal, and insurance costs, and then now throw in COVID 19 in the mix, right? And we have changed our lives substantially. Our psychological resources are being taxed over long periods of time, and that's taking a very large toll on people's mental wellbeing and also is setting up conditions right for burnout. So I think folks are feeling it even more and the stats are showing that burnout is on the rise. So it's a growing phenomenon that I think the silver lining could be, that folks are actually paying attention to it and wanting to address it, and wanting to find solutions for it. - And do you have a sense for, in the United States, what percentage of people in general or professionals in particular, have burnout? - Yeah, there's a lot of good stats like, so... Deloitte workplace surveys found that 77% of respondents have experienced burnout in their current job at one point or another, which is a pretty incredible number when you think about it. - And your current job is statistically likely less than five years old, you know? It's like, I'm getting how quickly we turn over maybe two, three, four, years, and maybe it happened the whole time or right now or maybe just half a year, a year ago, okay?