Burnout is an emotional condition that costs businesses money each year. If employees are experiencing burnout they are likely to be less productive, uncertain, and stressed. Furthermore, they are more susceptible to anxiety attacks and other stress-induced health issues. Paul Saunders, CEO of James River Capital, advises business administrators to help employees avoid burnout in an article he wrote for Patch. Learn more: http://jrccblog.net/
Since he acquired the company in 1995, Paul Saunders has been the CEO of James River Capital, an investment firm. Prior to this he was an employee of Kidder, Peabody, and Co., which eventually became James River Capital. Currently, James River Capital manages over 570 million dollars in assets. Investment management can be a very stressful job so it is certain that Paul Saunders has witnessed burnout in his own employees.
He suggested that employers allow some flexibility in their employees’ duties so that they don’t feel restricted. One reason why people succumb to feelings of burnout is a sense of a loss of control.He also suggested allowing employees to set aside ten to fifteen minutes each day to set their goals for the day. Saunders thinks that this will give them a sense of control in their lives.
Additionally, Paul Saunders believes another reason why employees experience burnout is due to feeling stagnate in their career. For example, being passed up for promotions, not receiving raises, or not being appreciated by upper management all contribute to feeling of burnout. Saunders realizes that a company has to reward the best performing employees, but he does think that each employee deserves an explanation as to why they were not given a position or a raise. As a result, this transparency policy will help employees address issues in their performance and quell feelings of stress or resentment. Furthermore, recognizing when an employee performs well will help boost their confidence and reduce feelings of stress.
Lastly, he believes that employers can help their personnel avoid burnout by providing them with support and coping skills. According to Saunders, employers should talk to their employees or host workshops that teach people to cope with stress. He also thinks that encouraging employees to have hobbies that they enjoy and leaving work at the office will contribute to better emotional health.
While focusing on the day to day operations is vital, employers also need to keep in mind the state of their employees. Overwhelmed employees will not perform as well, withdraw from their responsibilities, and may even become hostile in the workplace. Focusing on helping your employees deal with stress is not only the kind thing to do; it is a smart business strategy.