Mental and emotional stress in the workplace can take a heavy toll on individual employees. It also has a financial impact on companies. Investing in resources to tackle burnout can benefit employers and their staff.
Ieva Vaitkevičiūtė, co-founder and CEO of Mindletic explains how her company helps stressed-out staff and their employers.
"From the summer of 2020, we've been growing, working with various organisations, mainly in tech sector and some government bodies, and partnered up with other organisations such as Vilnius University, who became an investor and co-owner of Mindletic.
"Then we also got licensed by Leuven University in Belgium who are providing us their burnout assessment tool access so we can analyse burnout risk in organisations there and prevent the costs for organisations. And we also partnered up with MIT, where they are sending their students to have internships with us on a yearly basis.
"Some organisations are counting half a year of salary for their personal loss to burnout because not only that you have to offboard the person but hire a new person onboarding the new person and it costs a lot. Per 100 employees, we approximately save 58 hours of managers time, because instead of coming with heavy situations to managers, they actually resolve that with us reflecting, using our tools, joining our anonymous groups, working with our psychologists, etc.. While seeing our data, we see that even after six weeks, people who work on themselves and reflect, they tend to respond to triggering heavy situations more constructively, meaning that they are no longer no longer triggered so much and they have bigger resilience for difficult situations there."
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