“EY Report Reveals Disturbing Business Model Culprit: The Alarming Toll of Job Stress”

Introduction:

The release of the independent review into EY Oceania’s workplace culture by Elizabeth Broderick has garnered attention due to its transparency and the importance of the findings. The report highlights that while there is a high level of satisfaction among employees, there is still a significant number who experience dissatisfaction, harassment, bullying, and mental stress. This report serves as a wake-up call for Human Resources (HR), executives, and occupational health and safety (OHS) professionals. It is crucial to carefully analyze and implement the recommendations from this report to improve workplace cultures not only at EY but also at similar organizations. The report’s findings and recommendations should be widely read and thoroughly understood for the benefit of all employees.

Full Article: “EY Report Reveals Disturbing Business Model Culprit: The Alarming Toll of Job Stress”

EY Releases Report on Workplace Culture After Employee Suicide

In a tragic incident that occurred in 2022, a young employee of EY committed suicide after a work function. In response to this devastating event, EY announced that they would be conducting an independent review of EY Oceania’s workplace culture. The report, which was authored by Elizabeth Broderick’s company, has been made publicly available on July 27, 2023. EY’s decision to release the report demonstrates commendable transparency and effective crisis management.

The report reveals that there is a high level of satisfaction among EY employees. However, it also highlights that a significant number of personnel still experience dissatisfaction, harassment, bullying, and mental stress, with percentages ranging in the 80s and 90s. This suggests that the issues addressed in the report are not exclusive to EY alone, but likely reflect the workplace cultures of many similar businesses.

For Human Resources (HR) professionals, executives, and occupational health and safety (OHS) practitioners, it is crucial to thoroughly read and analyze this report. Its findings provide valuable insights into the challenges and shortcomings faced by organizations in ensuring a safe and healthy workplace environment.

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Summary: “EY Report Reveals Disturbing Business Model Culprit: The Alarming Toll of Job Stress”

In 2022, an employee of EY died by suicide after a work function, leading to an independent review of EY Oceania’s workplace culture. The resulting report, released on July 27, 2023, shows a high level of satisfaction but also highlights the existence of personnel who are dissatisfied, harassed, bullied, and mentally stressed. The report serves as a significant investigation that should be thoroughly read by HR professionals, executives, and occupational health and safety professionals. EY’s transparency in publicly releasing the report sets a benchmark for other companies. This article provides a summary of the report’s findings and implications.

Frequently Asked Questions:

Frequently Asked Questions

Q: What does the EY report reveal about job stress in a business model?

A: The EY report showcases a business model that generates serious job stress among employees. It provides detailed insights into the factors contributing to workplace stress and its impact on employees’ well-being.

Q: How does the EY report define job stress?

A: According to the EY report, job stress is defined as the physical and emotional strain experienced by employees due to work-related factors such as high workload, poor work-life balance, low job control, and lack of support from management.

Q: What are the key findings of the EY report?

A: The EY report highlights the following key findings:

• High workload and long working hours were identified as major sources of job stress.
• Workplace bullying and harassment were prevalent in the assessed business model, contributing to employees’ stress levels.
• Lack of communication and transparency within the organization further intensified job stress.
• Insufficient support from management and limited access to resources negatively impacted employees’ well-being.

Q: What are the consequences of job stress mentioned in the report?

A: According to the EY report, job stress can lead to various negative consequences, including:

• Increased risk of physical and mental health issues such as anxiety, depression, and burnout.
• Higher employee turnover rates and reduced job satisfaction.
• Decreased productivity, efficiency, and overall performance.
• Negative impact on the company’s reputation and employer brand.

Q: How can organizations address job stress mentioned in the report?

A: The EY report suggests several strategies for organizations to address job stress:

• Implementing policies that promote work-life balance and flexible working arrangements.
• Encouraging open and transparent communication channels within the organization.
• Providing training programs to build employees’ resilience and coping mechanisms.
• Involving employees in decision-making processes and offering opportunities for feedback and suggestions.
• Creating a positive and supportive work culture that values employee well-being.