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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
Successremote work

Your remote and hybrid workers are really stressed—but a return to office won’t fix the problem. Becoming a better boss will

By
Chloe Berger
Chloe Berger
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By
Chloe Berger
Chloe Berger
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June 18, 2023, 8:30 AM ET
Woman working from home appears to be stressed out
Stress levels remain at record highs around the globe. VioletaStoimenova—Getty Images
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Pour one out for the stress balls and tchotchkes working overtime these days. Stress for the American workforce remains at record highs, finds analytics company Gallup in its most recent State of the Global Workplace report—44% of 122,000 employees surveyed say they feel “a lot of” stress. In 2019, that level sat at 38%, but over 40% of workers have consistently been stressed ever since the pandemic hit.

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This past May, the World Health Organization declared COVID-19 was no longer a public health emergency. Even as the pandemic ebbed (and flowed) since the early days of lockdown, there’s still a pervasive level of exhaustion as we discover its lingering side effects, continue to manage a public health issue, and deal with the aftermath of an event that challenged how we view society. Work has not remained unscathed, as the pandemic brought into question the purpose of a nine-to-five and gave rise to a greater existentialism and feeling of malaise. It’s hard to feel checked into a job and engaged when you’re largely unhappy. 

While employee engagement is on the rise globally, Gallup found, it’s declined in East Asia, Canada, and the U.S.—where workers also happened to report the highest levels of stress. Actively disengaged workers overall reported 26% more stress than engaged employees, which Gallup says indicates a correlation between engagement levels and stress levels.

However, that correlation varies by country, and employee engagement is only one factor of many. Around the globe, remote and hybrid workers are more likely to experience high levels of stress than fully on-site workers (43% and 45%, respectively, compared to 38%)—despite reporting higher engagement.

Some leaders who have strongly advocated for a return to office, like Elon Musk or Jamie Dimon, might rejoice in this finding. But remote and hybrid employees’ stress levels may be less about time spent working from home and more about how they’re being managed. Gallup attributes their stress to a “less predictable or structured work life.”

“Hybrid and remote work, if not managed right, can produce less predictability. People are less likely to be able to quickly resolve issues like they often can in-person,” Jim Harter, Gallup’s chief scientist of workplace and well-being, tells Fortune. “Unclear expectations can cause frustration, as can more limited opportunities to develop.” He added that some homes are not set up for optimal success at work.

And while work plays a role, he noted, so does social, financial, physical, and community well-being. “Since employee engagement and stress are correlated, but stress has remained high globally while engagement has improved, the high stress is most likely related to the work-life intersection.”

That might explain why younger employees under 40, who unequivocally strive for a greater work-life balance but are having a harder time achieving it, report more stress (43%) than older workers (39%). 

It’s not the nature of remote work that leads to well-being issues, but a larger lack of work-life balance, Gleb Tsipursky, CEO of consultancy firm Disaster Avoidance Experts, points out in a Fortune piece. A 2022 Cisco survey found that many said remote and hybrid work improved their well-being, citing the flexible schedule and eliminated commute. But the expectation to always be on and a lack of certainty about expectations tend to drag workers down.

Still, though, Gallup finds that employee engagement has 3.8 times as much influence on employee stress as work location. “What people are experiencing in their everyday work—their feelings of involvement and enthusiasm—matters more in reducing stress than where they are doing their work. No location can fix poor management,” the report reads.

The power to decrease stress, therefore, lies in management’s hands. “It is increasingly important that managers are reskilled to have strengths-based meaningful conversations weekly with each person,” Harter says, adding that “remote work can increase the likelihood that employees feel more distant from their employers,” which can lead to them looking for other opportunities. 

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
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