Burnout and its effects on a finance team

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Occupational illnesses are harmful to both sides of the coin – both employees and companies. A few years ago, only physical injuries were included in this concept, but thanks to the growing focus on mental illnesses, today the conversation has expanded to include psychological problems.

You've probably heard the word burnout floating around in belize phone number list workplace. This syndrome was recently officially classified as an occupational disease by the WHO, representing a major step forward in the fight against taboos surrounding mental health.

When we talk about a financial team, there are many responsibilities and functions that, when accumulated and divided among few professionals, can trigger burnout with major subsequent consequences.

In this article, you will learn a little more about burnout and how it can affect your company's financial sector. Keep reading!

What is burnout?
Also known as Burnout Syndrome, burnout is an emotional disorder characterized by a state of stress caused by stressful situations at work. The main causes of burnout are excessive workload, exposure to exhausting or embarrassing situations, among others.

The term comes from the combination of the English words burn and out .

Environments with excessive competitiveness, harassment, and pressure can suffocate a talented professional and drive them to the extreme. A person with burnout does not just become unproductive ― this is a situation that affects all spheres of their existence, such as their social life, family life, and their individuality.

In January 2022, burnout was recognized as an occupational disease by the World Health Organization (WHO), which means that the same labor and social security rights are now guaranteed as in the case of other employment-related diseases.