Hot Issues
spacer
Estate planning considerations
spacer
5 checklists to support your business
spacer
Are you receiving Personal Services Income?
spacer
What Employment Contracts Does My Small Business Need?
spacer
The superannuation changes from 1 July
spacer
Hasty lodgers twice as likely to make mistakes, ATO warns
spacer
Landlords who ‘double dip’, fudge deductions in ATO crosshairs
spacer
Most Spoken Languages in the World
spacer
Tax Time Checklists - Individuals; Company; Trust; Partnership; and Super Funds
spacer
Compare your business
spacer
2024 Year End Tax Planning Guide (Part 2)
spacer
ATO to crack down on rental income, WFH deductions this tax time
spacer
How to Draft a Standard Form Contract
spacer
GST, PAYG withholding a ‘significant portion’ of $50bn tax debt
spacer
ATO changes will make it harder for over 42,000 small businesses.
spacer
The Deadliest pandemics in History
spacer
Budget breakdown – Federal Government Analysis
spacer
Federal Budget 2024
spacer
Winners & Losers
spacer
2024 Year End Tax Planning Guide (Part 1)
spacer
Medicare levy surcharge OR basic health insurance ?
spacer
ATO warns of ‘serious penalties’ for unlawful tax scheme promoters
spacer
ACCC scam report
spacer
Employees taking more sick days - and it's getting worse
spacer
Foreign residents selling property in Australia
spacer
How much does negative gearing really cost – an overview and an opinion?
spacer
The Shortest-reigning Monarchs in History
spacer
FBT Reminder – Odometer Reading
Article archive
spacer
Quarter 2 April - June 2024
spacer
Quarter 1 January - March 2024
spacer
Quarter 4 October - December 2023
spacer
Quarter 3 July - September 2023
spacer
Quarter 2 April - June 2023
spacer
Quarter 1 January - March 2023
spacer
Quarter 4 October - December 2022
spacer
Quarter 3 July - September 2022
spacer
Quarter 2 April - June 2022
spacer
Quarter 1 January - March 2022
spacer
Quarter 4 October - December 2021
spacer
Quarter 3 July - September 2021
spacer
Quarter 2 April - June 2021
spacer
Quarter 1 January - March 2021
spacer
Quarter 4 October - December 2020
spacer
Quarter 3 July - September 2020
spacer
Quarter 2 April - June 2020
spacer
Quarter 1 January - March 2020
spacer
Quarter 4 October - December 2019
spacer
Quarter 3 July - September 2019
spacer
Quarter 2 April - June 2019
spacer
Quarter 1 January - March 2019
spacer
Quarter 4 October - December 2018
spacer
Quarter 3 July - September 2018
spacer
Quarter 2 April - June 2018
spacer
Quarter 1 January - March 2018
spacer
Quarter 4 October - December 2017
spacer
Quarter 3 July - September 2017
spacer
Quarter 2 April - June 2017
spacer
Quarter 1 January - March 2017
spacer
Quarter 4 October - December 2016
spacer
Quarter 3 July - September 2016
spacer
Quarter 2 April - June 2016
spacer
Quarter 1 January - March 2016
spacer
Quarter 4 October - December 2015
spacer
Quarter 3 July - September 2015
spacer
Quarter 2 April - June 2015
spacer
Quarter 1 January - March 2015
spacer
Quarter 4 October - December 2014
Quarter 1 of, 2022 archive
spacer
Superannuation Guarantee (SG) increases
spacer
Undisclosed income risks hefty asset betterment assessments
spacer
How stress and burnout are different, and why the difference is important
spacer
Accountants ‘have important role to play’ in digital transformation
spacer
ATO launches campaign to target tax withholding on overseas royalties
spacer
ATO releases new draft guidance products impacting private trusts
spacer
GDP by country since 1800
spacer
ATO releases new guidelines to combat identity theft.
spacer
Extension in minimum drawdown rates
spacer
6 tips for small business success in 2022
spacer
‘Shot across the bow’: ATO puts professional firm profit allocations on notice
spacer
Extension of the bring-forward age up to 67
spacer
Government urged to address lingering issues with advice reforms
spacer
Vaccination rates (Dose)
spacer
Beware section 99B
spacer
ATO provides further clarity on DIN process
spacer
Unpaid client invoices placing greater pressure on SMEs
spacer
10 top global corporations since 1998
spacer
Increase in the number of SMSF members
spacer
Single Touch Payroll (STP) – Phase 2
spacer
ATO reiterates tax system incentives
How stress and burnout are different, and why the difference is important

It’s helpful to keep the distinction between burnout and stress clear so as not to burden individuals with responsibility for fixing workplace issues that require management attention, writes Dr Karen Morley.

Even before the pandemic, burnout was said to be reaching epic proportions; a third of workers reported that they felt burned out. Since the pandemic, it’s skyrocketed.

Stress helps us to respond to the challenges we face, and most people experience manageable, if higher, levels during crises. When the challenges don’t let up, though, stress goes beyond manageable levels. Given that the pandemic won’t be over any time soon, we need to become better at noticing stress, reducing overwork and increasing wellbeing to prevent chronic stress and burnout.

In 2019, the World Health Organisation recognised burnout as an official diagnosis, which is characterised by three symptoms: feelings of energy depletion or exhaustion; increased mental distance from one’s job, or feelings of negativism or cynicism related to one’s job; and reduced professional efficacy.

Often, the term “burnout” is used as if it were interchangeable with “exhaustion”, which it’s not, even if it feels like it is! The three elements interact with each other: as you feel more worn out, you have less effort to contribute, which leaves you feeling less effective, contributing to increased burnout.

Burnout applies specifically to chronic stress resulting from workplace stressors that are poorly managed. It is not an individual health problem, and it isn’t confined to any particular professional group: the term was created to highlight workplace issues so as to encourage employers to support the health and wellbeing of their workforce.

It’s helpful to keep this distinction between burnout and stress clear so as not to burden individuals with responsibility for fixing workplace issues that require management attention.

Burnout negatively affects mood, learning and memory, and that reduces ambition, aspiration and sense of worth. Overall, it interferes with engagement in work.

The solution to burnout lies in reducing overwork, promoting a more human work culture, strong proactive stress management and emphasising recovery and renewal. Workload demands need to be manageable, employees need to have a sense of control over their work, they need to be appropriately recognised for what they do, feel supported in their work and have a sense that the workplace is a fair one.

Whether or not your organisation helps or hinders these factors is a big part of the burnout equation. How you manage yourself within your context – whether supportive, unhelpful or absent – matters too.

High achievers in particular – with your high work ethic and standards – are prone to getting caught in the slipstream of overworking.

Here’s a simple four-step process – REAP – to reset yourself, reduce your experience of stress, prevent burnout and grow your resilience:

1.        Recognise

Mindfully pay attention to your state. Are you taking the time to recharge your energy regularly? Have you got the basics of wellbeing – sleep, exercise and nutrition – under control?

2.        Evaluate

What are you telling yourself about how hard you need to work, when and how frequently you take breaks, and how much you are achieving? Do you need to give yourself a break – in more ways than one? Are you spending enough time renewing your energy? Do you have the right support network?

3.        Align

Are your actions and achievements aligned with your purpose, values and goals? Remind yourself of what these are.

4.        Prime

Cut the friction from your system. Have you set up your work location and habits for success? How much of your time is spent on focused, high-quality work? What do you need to do to increase your focus?

Dr Karen Morley is an executive coach. She is also the author of “FlexAbility: How high achievers beat burnout and find freedom in an overworked world”, “Beat Gender Bias”, “Lead Like a Coach”, and “Gender-Balanced Leadership”.

 

 

Dr Karen Morley

24 February 2022

accountantsdaily.com.au

site By AcctWeb