Latest news with #DanielZhao
Yahoo
4 days ago
- Business
- Yahoo
Burnout is at a 10-year high for U.S. workers
If you feel as though you've been hearing your colleagues, professional acquaintances, family or friends talk about burnout more than usual, you're not imagining it. According to a recent report by Glassdoor, burnout among U.S. professionals has escalated to unprecedented highs, with burnout mentions in employee reviews increasing 32 percent year-on-year as of Q1 2025. In fact, mentions of burnout have increased by 50 percent since Q4 2019, just before the Covid-19 pandemic began and irrevocably changed the world of work as we knew it. This marks the highest rate since data collection began in 2016. Executive Director, Office of Legislative Management, Hartford Political Action Committee Manager, AVMA, Washington D.C. Director of State Campaigns, American Promise, Concord Senior Policy Specialist, Arnold & Porter, Washington D.C. Senior Education Policy Counsel/Education Policy Advisor, Lawyers' Committee for Civil Rights Under Law, Washington D.C. While the term 'burnout' has become an all-encompassing phrase for everything from stress to lack of motivation, the World Health Organization describes burnout as a 'syndrome conceptualized as resulting from chronic workplace stress that has not been successfully managed.' The WHO characterizes burnout via 'three dimensions'. These include feelings of energy depletion or exhaustion; increased mental distance from one's job, or feelings of negativism or cynicism related to one's job; and reduced professional efficacy. It stressed that 'burnout refers specifically to phenomena in the occupational context and should not be applied to describe experiences in other areas of life.' However, it's hardly surprising that employees who are experiencing burnout are seeing the repercussions of its effects in other areas of their lives. The Glassdoor report also identified that burnout can manifest as decreased morale and diminished perceptions of career opportunities (down 21 percent), diversity and inclusion (down 17 percent), work-life balance (down 34 percent), and compensation and benefits (down 15 percent). Additionally, the study found that employees who reference burnout tend to rate their employers significantly lower, averaging 2.68 out of 5, compared to a 3.61 average among those who don't mention burnout. Glassdoor's Lead Economist, Daniel Zhao, describes burnout as a 'slow-burn problem' that can erode the overall employee experience, even among those who are otherwise content with their workplace. 'As businesses trim budgets and headcounts, employees and managers alike are being asked to do more with less,' said Zhao. 'That's a recipe for burnout as workers are stretched increasingly thin without an end in sight.' He added: 'Employees who rate their employer 5 stars out of 5 are the least likely to apply to new jobs, but if they mention burnout in their reviews, their turnover intentions increase by 58 percent. Similarly, for an employee who rates their employer 4 stars, their turnover intentions rise 66 percent.' And it's not just employees that are feeling the heat. Burnout imposed a significant financial burden on employers too. A study published in the American Journal of Preventive Medicine estimates that burnout costs employers between $4,000 and $21,000 per employee annually. For a company with 1,000 employees, this translates to an estimated $5.04 million in annual costs. While restructuring in the name of efficiency is one way to trim headcount, a negative work environment can also have a direct impact on talent retention. In fact, a survey by Isolved found that nearly 80 percent of employees have experienced burnout in the last year, resulting in lower engagement, reduced productising and an overwhelming feeling of restlessness that prompted 72 percent of existing employees to consider changing jobs within the next year. So how can employers address burnout and create meaningful solutions for their employees? While some companies have implemented stress-reduction programs and are giving staff access to mental health resources, focusing on individual responsibility doesn't work in the long term. Instead, implementing organizational changes that promote work-life balance, such as flexible working hours, four-day workweeks, childcare subsidies, and support for family care are what workers really crave. So what can you do if you find yourself burnt out and wondering what to do, or where to go next? Seeking out a company culture that prioritizes employee wellbeing is paramount in mitigating burnout and its associated costs and if you're navigating a job hunt, The Hill's Job Board is the perfect place to focus your daily with a range of roles in policy, communications, and related fields, it's an extremely valuable resource. Bookmark the link below, and visit regularly to stay up to date. Ready to find a new role? Browse thousands of jobs on The Hill Job Board Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Hill
4 days ago
- Health
- The Hill
Burnout is at a 10-year high for U.S. workers
If you feel as though you've been hearing your colleagues, professional acquaintances, family or friends talk about burnout more than usual, you're not imagining it. According to a recent report by Glassdoor, burnout among U.S. professionals has escalated to unprecedented highs, with burnout mentions in employee reviews increasing 32 percent year-on-year as of Q1 2025. In fact, mentions of burnout have increased by 50 percent since Q4 2019, just before the Covid-19 pandemic began and irrevocably changed the world of work as we knew it. This marks the highest rate since data collection began in 2016. While the term 'burnout' has become an all-encompassing phrase for everything from stress to lack of motivation, the World Health Organization describes burnout as a 'syndrome conceptualized as resulting from chronic workplace stress that has not been successfully managed.' The WHO characterizes burnout via 'three dimensions'. These include feelings of energy depletion or exhaustion; increased mental distance from one's job, or feelings of negativism or cynicism related to one's job; and reduced professional efficacy. It stressed that 'burnout refers specifically to phenomena in the occupational context and should not be applied to describe experiences in other areas of life.' However, it's hardly surprising that employees who are experiencing burnout are seeing the repercussions of its effects in other areas of their lives. The Glassdoor report also identified that burnout can manifest as decreased morale and diminished perceptions of career opportunities (down 21 percent), diversity and inclusion (down 17 percent), work-life balance (down 34 percent), and compensation and benefits (down 15 percent). Additionally, the study found that employees who reference burnout tend to rate their employers significantly lower, averaging 2.68 out of 5, compared to a 3.61 average among those who don't mention burnout. Glassdoor's Lead Economist, Daniel Zhao, describes burnout as a 'slow-burn problem' that can erode the overall employee experience, even among those who are otherwise content with their workplace. 'As businesses trim budgets and headcounts, employees and managers alike are being asked to do more with less,' said Zhao. 'That's a recipe for burnout as workers are stretched increasingly thin without an end in sight.' He added: 'Employees who rate their employer 5 stars out of 5 are the least likely to apply to new jobs, but if they mention burnout in their reviews, their turnover intentions increase by 58 percent. Similarly, for an employee who rates their employer 4 stars, their turnover intentions rise 66 percent.' And it's not just employees that are feeling the heat. Burnout imposed a significant financial burden on employers too. A study published in the American Journal of Preventive Medicine estimates that burnout costs employers between $4,000 and $21,000 per employee annually. For a company with 1,000 employees, this translates to an estimated $5.04 million in annual costs. While restructuring in the name of efficiency is one way to trim headcount, a negative work environment can also have a direct impact on talent retention. In fact, a survey by Isolved found that nearly 80 percent of employees have experienced burnout in the last year, resulting in lower engagement, reduced productising and an overwhelming feeling of restlessness that prompted 72 percent of existing employees to consider changing jobs within the next year. So how can employers address burnout and create meaningful solutions for their employees? While some companies have implemented stress-reduction programs and are giving staff access to mental health resources, focusing on individual responsibility doesn't work in the long term. Instead, implementing organizational changes that promote work-life balance, such as flexible working hours, four-day workweeks, childcare subsidies, and support for family care are what workers really crave. So what can you do if you find yourself burnt out and wondering what to do, or where to go next? Seeking out a company culture that prioritizes employee wellbeing is paramount in mitigating burnout and its associated costs and if you're navigating a job hunt, The Hill's Job Board is the perfect place to focus your daily with a range of roles in policy, communications, and related fields, it's an extremely valuable resource. Bookmark the link below, and visit regularly to stay up to date. Ready to find a new role? Browse thousands of jobs on The Hill Job Board
Yahoo
24-05-2025
- Business
- Yahoo
Recent college grads face toughest job market in years
(NewsNation) — Headlines say the job market is solid, but for those just entering it, the reality feels different. Recent college grads faced a 5.8% unemployment rate as of March — the highest since 2021 and more than double the rate for all college graduates, according to an analysis by the Federal Reserve Bank of New York. Underemployment is also on the rise: 41% of new graduates are now working in jobs that typically don't require a college degree, up from 39% in January. 'The job market right now for recent grads is not in a great place, even though the hard economic data … is still relatively strong,' said Daniel Zhao, lead economist at career site Glassdoor. 'A lot of employers aren't hiring right now.' The question is whether the recent slowdown reflects a temporary wave of uncertainty or the start of a new normal in which technologies like artificial intelligence steadily replace entry-level jobs. Earlier this week, a New York Times op-ed warned that AI poses a real threat to jobs traditionally held by young workers, with the 'bottom rung of the career ladder' likely to break first. 'We saw what happened in the 1980s when our manufacturing sector steeply declined. Now it is our office workers who are staring down the same kind of technological and economic disruption,' Aneesh Raman, chief economic opportunity officer at LinkedIn, wrote in the Times. While that may prove true in the years ahead, Raman acknowledged there's no clear evidence that AI is behind today's shaky entry-level market. How AI is influencing career choices for younger generations Instead, Raman — and experts NewsNation spoke with — point to broad economic uncertainty that's affecting nearly all job seekers, not just recent grads. 'A healthy economy has a certain amount of churn and movement in it, and that's not something that we're seeing right now,' said Allison Shrivastava, an economist with the Indeed Hiring Lab. Internship postings usually rise at the start of spring, but in early April, they were down 11 percentage points compared to the same time last year, according to Indeed. The Class of 2025 looked poised for a strong hiring season last fall, but that outlook has since fizzled. Employers had expected a 7.3% bump in new grad hires; now, they're planning to hire roughly the same number of graduates as last year, according to the National Association of Colleges and Employers. President Donald Trump's trade policies have rattled investors and plunged consumer confidence, potentially making things worse in the months ahead. That said, the rise in unemployment among recent grads began before his most drastic actions. With employers pulling back and growing more risk-averse, job seekers with less experience, like new grads, are having a tougher time getting their foot in the door. They're also facing more competition. 'This year's graduating class is competing with 2024 grads who are still looking for jobs,' Andrew Seaman, senior editor-at-large for Jobs & Career Development at LinkedIn, said in an email. Seaman noted that recent years have seen some of the highest graduation rates ever, and skill requirements for entry-level roles are higher today than they used to be. That's leading to real frustration, and members of Generation Z are now more pessimistic about their job prospects than any other generation, according to a recent LinkedIn survey. Every month brings fresh jobs data, but in recent years, one industry has consistently outpaced the rest: health care. 'If you're in the health care sector right now, you're probably feeling pretty good,' Shrivastava said. 'I don't see that changing anytime soon.' Driven by a rapidly aging population, the health care and social assistance sector is expected to see the most job growth of any field over the next decade, accounting for roughly one-third of all new jobs created, according to Labor Department projections. The fastest growing (and declining) jobs by 2030 Zhao pointed out that health care can be a promising path for new grads, even if they didn't major in nursing or plan to become doctors. Government forecasts show nonclinical roles, like health services managers, are expected to be in high demand for years to come. 'There are those jobs out there for folks who are not necessarily health care providers but want to be in an industry that is a little bit more stable,' Zhao said. For new grads who aren't interested in health care, AI engineer and AI consultant are the fastest-growing job titles, according to a LinkedIn report earlier this year. Industries like construction and education are also growing. 'This is definitely a shift in the data from the Grad's Guide list, even just a couple years ago, where we saw a higher concentration in office jobs like recruiting, tech and legal services,' Seaman said. Over the past year, employment in professional and business services has declined, particularly in administrative support roles, Labor Department data shows. Historically, Americans with a college degree have had lower unemployment rates than the overall workforce, but lately that trend hasn't held for recent grads aged 22 to 27. While the overall unemployment rate hovered around 4% in the first quarter, the rate for recent grads climbed toward 6%. For those who majored in anthropology (9.4%), physics (7.8%) and computer engineering (7.5%), unemployment was even higher as of 2023, the New York Fed found. 'For folks who went into computer science or these related fields with the promise of high-paying jobs coming out of undergrad, it feels like that promise has kind of been broken,' Zhao said. College wasn't worth it for 51% of Gen Zers, study says The end of the 'learn to code' era has coincided with growing skepticism as more Americans question the value of college degrees that have saddled millions with debt. Still, the New York Fed's recent report suggests graduating from college is still worth it for most, and the wage premium remains near an all-time high. However, for the quarter of graduates who end up in relatively low-paying jobs, a college degree may not be worth it. Looking ahead, Shrivastava is watching to see whether employers continue moving toward skills-based hiring, which gained traction during the tight labor market of 2022. Zhao echoed that sentiment, adding, 'I think a lot of people underestimate how broadly applicable their skills might be, especially for an entry-level job.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hindustan Times
14-05-2025
- Business
- Hindustan Times
Microsoft to lay off 6,000 employees in biggest round of job cuts since 2023
Continuing the streak of mass layoffs in the tech sector, Microsoft has decided to lay off around 6,000 of its employees, which amounts to around 3% of the tech giant's total workforce. The announcement came on Tuesday. This round of job cuts is Microsoft's second biggest since 2023, when the company laid off around 10,000 employees. The move comes as the tech conglomerate shifts focus towards artificial intelligence to keep up with the competition. One of the most affected geographies by this round of job cuts is Washington, where as many as 1,985 workers are being asked to leave at the company's headquarters in Redmond, according to an AP report. Most of these employees are in software engineering or product management roles. Also read: Microsoft to CrowdStrike: These tech firms lead 2025 layoffs as 50,000 jobs vanish in 5 months According to Microsoft, the layoffs are being done across all teams, levels and geographies and are mainly focused on slashing the number of managers at the company. The job cuts also affect Microsoft's video gaming platform, Xbox, and its career networking platform, LinkedIn. 'We continue to implement organisational changes necessary to best position the company for success in a dynamic marketplace,' said the company spokesperson on the reason behind the job cuts. Just a month ahead of the job cuts, Microsoft announced sales and profits that exceeded the expectations of Wall Street in the January to March quarter this year. It announced a revenue of $70.1 billion and net income of $25.8 billion. During a call about the earnings of the January-March quarter, Microsoft's chief financial officer, Amy Hood, said that the company was focused on 'building high-performing teams and increasing our agility by reducing layers with fewer managers,' reported AP. As of June last year, a total of 228,000 people were employed by Microsoft full-time, out of which, 55% were in the US. 'I think many people have this conception of layoffs as something that struggling companies have to do to save themselves, which is one reason for layoffs but it's not the only reason. Big tech companies have trimmed their workforces as they rearrange their strategies and pull back from the more aggressive hiring that they did during the early post-pandemic years,' AP quoted Daniel Zhao, lead economist at workplace reviews site Glassdoor, as saying. With AP inputs.
Yahoo
13-03-2025
- Business
- Yahoo
Employee confidence at ‘record low': Glassdoor Survey
(NewsNation) — Employee confidence dropped to a new 'record low' last month, according to the lastest data from Glassdoor. According to the Glassdoor's Employee Confidence Index, only 44.4% of employees reported having a positive six-month business outlook. That's the lowest level on record since Glassdoor began recording this data in 2016. Over the last year, employee confidence declined by 7.3%. 'Rising economic uncertainty is tamping down employee sentiment and also stretching employees thin as workers are asked to do more with less amid tight budgets and pressure from leaders,' Daniel Zhao, lead economist at Glassdoor, wrote in an article on the company's website. Does Canada really have tariffs above 200% on US dairy products? Mentions of layoffs in Glassdoor reviews rose slightly in February, 0.3% month-over-month, which is 5% more than February 2024. 'In reviews that mention layoffs, not only are employees worried about their own job security, but even employees who have survived layoffs are feeling stressed waiting for another layoff to come or overworked as they have to pick up the additional work on their now less-staffed teams,' Zhao wrote. Firings of federal employees through President Donald Trump's Department of Government Efficiency have contributed to this uncertainty. DOGE has laid off people from the Department of Education, NASA and the Department of Veterans Affairs. Cuts to the government workforce have 'thrown the future of the federal workforce into disarray, resulting in weakening sentiment,' Zhao said. Another political aspect affecting workers' outlooks are tariffs, which have introduced 'significant uncertainty for manufacturers,' Zhao said. The United States and Canada have been going back and forth on tariffs, specifically ones on electricity, steel and aluminum. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
