FratFiles

• Save Paper

There was a time when a job meant stability till retirement, recognition and rewards on retirement and pension after retirement. Times have changed now and the new mantra in corporations is ‘continuous change'. Companies meet many dangers due to the rapidly changing environment. They merge, dissolve, get bankrupt and are swallowed by larger corporations. Globalization and advances in technology have made some aspects of many jobs easier but it has also increased the complexities in the workplace through information overload, increased pressure for productivity, and a sense of insecurity in the workplace. In 1996, the World Health Organization described the stress factor as a "worldwide epidemic." Today, workplace stress is considered a huge drain on organizational resources and is estimated to cost American companies more than $300 billion a year as a result of stress-related outcomes such as poor performance, absenteeism and health costs. According to a recent study "presenteeism"......

View the rest of this paper...

Approximate Word Count: 3425
Approximate Pages: 14 (250 words per double-spaced page)

Similar Essays

1. Stress Management And Sorporations
   

   Stress Management and Sorporations. There was a time when a job meant stability
   till retirement, recognition and rewards on retirement ...