The coming year will be challenging for most schools in spite of their competitive benefits package or mission-driven orientations. Some schools had to make positional cuts, which have left them short staffed, and some had to freeze, if not cut, salaries in order to save jobs. These situations tend to generate more employee issues, and low morale then in ordinary times.
On the positive side, however, most people know how soft the economy is and are aware that most organizations have had to make tough decisions to preserve their longevity. This said, employees may be feeling overwhelmed, and a lack of fulfillment even though they harbor no resentment. (Download the latest survey results to learn more about positional concerns. Link is above in the Editor's Notes.)
These emotions can be a significant source of stress. Unmanaged stress can lead to an array of physical health concerns, increased medical claims, and even disability claims in extreme cases. To learn more about the negative effects stress can have on your health, click here.
Stats on disability averages:
- 1 out of every 8 people will become disabled each year.
- Men have a 43% chance of becoming disabled during their working years; women have a 54% chance.
- 30% of all Americans between the ages of 35 and 65 will become disabled for more than 90 days, according to the American Council of Life Insurers this year—or, in their working lives.
Looking at these statistics, which are based on stable times, and taking into consideration our current situation, it's safe to say that every organization is at risk for an increase of stress-induced disability claims over the next few years. Increased personal and professional pressures pave the way for stress-related illnesses such as chronic anxiety disorder, high blood pressure, and heart disease.
One of the best ways to protect your school and your staff is to offer a competitive health package with STD and LTD benefits.
To learn more about the benefits of Group Long Term Disability (LTD).
