Global employee stress reached another all-time high in 2021 at 44%, especially in regions like in Asia, Latin America and North America, confirmed a new report from Gallup.
Like daily worry, stress has been rising for employees for a decade, with a notable increase during the pandemic. The most stressed regions of the world include East Asia (55%), Latin America (50%), and the US and Canada (50%), confirmed Gallup’s latest State of the Global Workplace Report.
Generally, employed women and employees under 40 report higher levels of stress. Working women in Latin America and the US reported some of the highest levels of stress in the world ; 60% in Latin America and 54% in US and Canada.
Globally, employee engagement and wellbeing also remain very low, and it is holding back enormous growth potential. Gallup estimates that low employee engagement costs the global economy $7.8 trillion. The pandemic years have been marked by a global stagnation in engagement; however, the US and Canada region remains the most engaged in the world, while Europe and MENA have the lowest engagement. Remarkably, South Asia saw the strongest growth in engagement; an increase of 9 percentage points, even as the region saw declines across other measures.
EMPLOYEE WELLBEING
Gallup’s latest report found that despite more than two years of the pandemic, US and Canadian workers seemed to rebound in 2021. Employees reported higher life evaluations than the previous year and declines across several negative emotions. In 2021, 33% of US and Canadian employees were engaged at work and 60% were thriving in their wellbeing, compared to the rest of the world where 21% were engaged and 33% were thriving.
Despite the stress, the global percentage of thriving employees reached a record high in 2021, in keeping with a steady rise since 2017. This measure of life evaluation combines how people feel about their current situation and how they expect to feel in five years. Those who are thriving report significantly fewer health problems, fewer negative emotions, and more hope, happiness and energy in their lives.
EMPLOYEE ENGAGEMENT
In 2021, the regions with most thriving employees, such as Australia/New Zealand and US/Canada, saw the greatest increases thriving as well. In contrast, Europe and South Asia saw significant drops in thriving. Both regions decreased by 5 percentage points, and South Asia has the lowest percent thriving in the world at 11%.
“While, as a region, the US and Canada have significantly more engaged and thriving employees in comparison with the global workforce, US and Canadian employees report higher daily worry and stress than is the case globally. The US and Canada also have some significant differences between them. Employees in the US report a higher percentage of engaged employees and Canadian employees, while less engaged, are more likely to be thriving in their overall lives. Engagement at work and overall wellbeing are both important to reduce the chance of burnout,” said Jim Harter, Gallup’s Chief Workplace Scientist.
VALUABLE ROLE OF MANAGER
The job market also seems to have recovered. Forty-five percent of currently employed employees around the world said now is a good time to find a job, up slightly from last year but less than the record 55% in 2019. Global job opportunities had been rising steadily in the decade prior to the pandemic.
The regional outlier for this item is the US and Canada region, which leads at the world at 71%, up 44 percentage points from the previous year. The next closest regions are Australia and New Zealand at 59% and South Asia at 50%.
Gallup research has consistently found that employee engagement is a significant driver of organisational success. Businesses and organisations with high employee engagement achieve higher productivity, better customer relationships, lower turnover and higher profitability. “With a massive increase in the work-life blend through more fully remote or hybrid work, there is no more important time for managers to be in regular, meaningful conversations with employees about their work and life. The importance of the role of manager just went up another notch,” Harter added.
More than half of employees aged between 23-28 – also known as ‘Zillennials’ – claim that having an unfulfilling job is the top cause of stress at work. Click here to read more.
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