Updated: Jul 10, 2019
More than anything, we LOVE helping you bring your commercial office interiors to life. We LOVE helping you pick ergonomic furniture to support your spine, strength and posture. We LOVE helping you pick acoustic sound panels to reduce reverberation and allow you to concentrate better and become more productive. We LOVE visiting you, understanding your wants and needs, and giving you post-service care to ensure you're using everything correctly to get the BEST wellness benefits for you and your team.
What we DON'T love, is that you're now spending longer hours at work, working harder and putting pressure on your body and mind causing illness and injury, working later into life - and dying earlier.
Here in Australia, The Guardian reported that last year, Australians are working 2 months of unpaid overtime. To get your head around the stats; 25-34 year olds are offering up an average of 7.85 hours a week, and 35-44 giving away 7.4 hours a week in order to prove their worth and get ahead in life.
The average across ALL age groups? 6 hours per week.
Why? Because success comes with a great deal of pressure, and a need to perform.
While it might seem that the younger generation are feeling pressure to get ahead to support themselves, it's likely that by the time Millennials, Gen Y, Gen Z, 'iGen' or Centennials actually retire, they will be pushing 70.
What's more, is that according to the Australian Institute of Health and Welfare, by 2047, it is projected there will be just under 3.4 million people aged 65–74 (though this number represents a smaller proportion of all older people at 45%). People aged 75–84 will account for 35% (2.6 million) of the population and 1 in 5 older people will be aged 85 and over (20%, or 1.5 million).
Could there be a link between working longer and dying earlier?
In a recent article released from AMP, they found that in the last FIVE years, the retirement age has risen from 55.3 years to a staggering 62.9 years, and while there is some debate on what age people should retire, the current age pension eligibility age is 65 years and 6 months which often sets a social standard. By 1 July 2023, this age will progressively rise to 67 for all Australians, and by 2030 - who knows?
A separate survey echoed these findings, saying that more Aussies were retiring later in life in comparison to years gone by. It was also added that retirement was not necessarily a one-time event, with 26.7% of those between the ages of 45 and 59 returning to employment annually.
While you might not be able to link your employees working overtime to illness, time off work, or mental and physical ailments personally; it's happening all around us. The worst part is, that according to Vitality Works, it could mean that one of your top performing employees is getting ready to jump ship in order to offset the pressure.
How would you handle that? Not so well I imagine. In fact, it might even mean YOU have to work back late to pick up the slack!
There comes a time that you can no longer turn a blind eye to a nation-wide condition, and thanks to the stats below, we hope you'll follow suit:
7,200 Australians are compensated for work-related mental health conditions
$543 million is paid in workers’ compensation for work-related mental health conditions.
91% of claims attributed to mental stress
49 work related fatalities in 2017 were in the 55-64 age bracket
32% of work related injuries resulting in death were from vehicle collisions suggesting drowsiness at the wheel
The good news is that where there's a well-centred boss, there's a well balanced community of employees that can actually become more focused, in LESS hours, and still get the job done. In fact, here at Balance Commercial, we're currently trialling a 9-day-fortnight to prove that very point!
“When employees enjoy a happy, healthy work environment, you start seeing exciting innovations in business. It’s the difference between an organisation that’s simply functioning and an organisation that’s capable of making huge leaps. It really comes down to the people who are working within it.” - Vitality Works
While you may not be able to help employees with their workload or finances, there are a range of options you CAN help them with in order for them to not only feel supported and enjoy better mental and physical health, but to also become more productive in LESS hours.
It's a win-win.
If you have taken notes from our blog a few weeks back on 'Why Wellness is Redefining Work', you'll already have a few clues on how to create change. But for those wanting more, check out this link by Vitality Works for some incredibly easy tips to implement in your business, and invest in your number one assets - before they burn themselves (and your company) - OUT
Time for some serious restructuring? Let us know if we can help.
Wishes in wellness,
The Balance Team