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The Shocking Cost of Burnout: How Companies Lose Up to $5 Million Annually

Fortune

Burnout is a costly issue for companies, with losses ranging from $4,000 to over $20,000 per employee. This staggering cost can add up quickly, resulting in a significant financial burden on businesses. In fact, the total cost of burnout can reach as high as $5 million annually, affecting not only average workers but also top executives. By understanding the financial impact of burnout, companies can take proactive steps to prevent it and promote a healthier work environment, ultimately reducing employee turnover and improving productivity. Key strategies include employee wellness programs, flexible work arrangements, and mental health support.