“James River on Causes of Burnout and How To Curb Them. “

In business, burnout is a common issue that if not taken care of can cause too much damage to the business. There are a number of factors, other than the general human biology which gets saturated when it consumes too much of the same routine, that can cause burnout in a business organization. Though these factors might seem mild at first, they can quickly reduce the productivity of the team if not taken care of in time. These factors are discussed in detail by the founder, chairman, and CEO of the James River Capital Corporation.

Loss of confidence.

When your staff is experiencing a burnout, they lose faith in themselves which is indicated by second-guessing their skills and the quality of the work they present. When individuals are in this state of mind, they lose interest in an activity that previously excited them and withdraw from active participation in their daily work. The best way that management can mitigate the issue of lack confidence in the business is through motivation and assistance in achieving set goals. Once management has shown interest in their employees’ personal goals and their work, not to blame but to support, employees will start to regain their confidence and get back to the level of productivity that is expected of them. This can also be achieved by setting for them small achievable goals in the meantime.

Changes in Attitude.

Paul Saunders points out that once employees are stressed, their emotions spiral out of control and it gets easier for them to get irritable and upset in a matter of time. The change in attitude is caused by the general lack of motivation, moodiness and the actual burnout. To curb this, it’s important that you talk to your employees or create a platform that can help them communicate with you. Support your employees and help them reduce their workload so they can easily de-touch from their work outside their offices. Suggesting a new hobby as well as allowing them reasonable time off is also a nice way to go about it. Learn more: https://www.brightscope.com/financial-planning/firm/70804/James-River-Capital-Corp/

Transparency in Business Administration.

Transparency is a crucial part of the business and helps create a loyal staff. In most cases, employees expect to grow with the business since they feel like part and parcel of the business. It is, therefore, necessary that the business creates transparent channels of communication as well as promotions and rewards for the work the employee does. Paul Saunders indicated that when employees feel like they are not being considered for a promotion or that they are under compensated, the business is at the risk of burnout.

Paul Saunders has been the chair and CEO of the James River Capital and it’s affiliated from 1999 to date and has experience in running investment firms and managing hedge funds.

 

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