But the Devil is in the Details
Consulting Group Grant Thornton International has published the results of its global survey of business leaders, and has discovered that the rate of increase of workplace stress levels are dampening, as the world finds stability in the wake of the 2008 economic crisis. However, Grant Thornton’s International Business Report reveals that while some countries report significant improvement, others fair less well. Countries including the United States, Canada, United Kingdom, Australia, Brazil, and Denmark report improved stress levels, while Greece, China, Japan, Thailand, Mexico and Peru struggle in comparison.
Levels of stress felt by business leaders have shown their lowest annual increase since 2005 according to global research of 6,000 businesses from the Grant Thornton International Business Report (IBR). With economies depressed and the outlook for many still uncertain, this raises the question of whether business leaders are managing their goals to alleviate stress, adding a further brake to growth, or whether they have learnt to better manage the challenges they are facing.
In 2010, net* 45% of business leaders reported an increase in stress levels over the past 12 months, but this fell to just 28% in 2011. And the pattern is consistent around the world; net 21% of business leaders in North America cite an increase in stress in the last 12 months, compared with 35% in 2010. Asia Pacific is the most stressed region with net 44% reporting an increase in stress over the past 12 months, but this too is down from 58% in 2010. Even in distressed Europe, where the focus of economic turbulence resides, the net increase in stress has declined from 40% in 2010 to 22% this year. (read more…)
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