I’m Tired of Being In Charge

Many times we, as business students, have thought about the related stress and demands that we could face if we ever had to lead our own organization. Managing the various divisions across the organization to make sure we are reaching the expected results, that the company culture is positive and that employees are actually performing what we want from them.  Let’s face it, the very thought of it may be exhilarating, but it can also be exhausting and may give us an unexpected set of grey hairs.

The article entitled, “When the CEO Burns Out” from the Wall Street Journal discusses the particular case of James Green, CEO of Giant Realm, an online advertising network.  While the article not only makes mention of the high amounts of stress and mounted expectations that this CEO faces, it goes further by stating how this trend is on the rise in the US corporate environment in general.

The article mentions a study carried out by the Harvard Medical School, which clearly illustrates the new trend among CEOs, the study showed that 96% of senior leaders reported feeling burnt out. This new trend is something that needs to be addressed and solved as soon as possible. It will not only damage the long-term goals of the company but will also decrease the CEO’s management quality, as they strive to reach the numerous objectives set for them.

This article does a good job of describing this recent trend, as well as the medical reasons and preventions that executives can take, yet it fails to mention non-health related actions that companies should inspire their CEOs to do. These actions include an effective and fair delegation system, which many times is a hard decision for executives to make, since they feel they will not be needed in the future, or because they are decreasing their workload. Executives should also be compensated and treated fairly even if they sometimes do not achieve the desired results. As long as these CEOs have the input of the shareholders and receive positive criticism, their performance can still improve in the future and without taking a toll on their mental and physical health.

Companies need to realize of this new and more recurring trend and take preemptive measures to help CEOs not only perform their job successfully but also keep them motivated and enthusiastic about their job and the company itself. Often, when CEOs experience burnout they are later instructed to take a leave of absence to recover from stress. During these absences companies have seen not only their operations lag and/or become less effective, but also a decrease in stock value. This last issue may sometimes make the pressures that were put on the CEO previously inconsequential since the company’s value took a step back during the CEO’s absence. In conclusion, companies should look for results but they should do so responsibly while also making sure that their leader is healthy and motivated to improve on previous performances and improve their managing quality.

What do you think companies should do to avoid these burnouts?

Source: http://online.wsj.com/article/SB10001424127887323687604578469124008524696.html

One thought on “I’m Tired of Being In Charge

  1. Your writing made me think about my friend who is overwhelmed by an amount of work that he needs to complete each week. I asked him many questions about his work. The first thing that I asked was if he could decrease an amount of work that was assigned to him. Secondly, if there were a possibility to create a new position for a skilled employee that would be able to help him with his tasks.
    Every employee is different because for some people working 40 hours per week can be a hard time, but for others might not. What companies should do to avoid burnouts? There are important things that companies should consider such as, offer reasonable work hours, schedule breaks during work time, grant employees, offer sick days, vacation days, be flexible with a deadline when a goal seems to be unrealistic, make sure that each employee understands their roles, make employees feel comfortable at their work, reduce the number of tasks. I saw many burnouts in the workplace that showed lower productivity and ineffectiveness, job satisfaction decreased right away, job withdrawal and conflicts between co-workers. Very interesting post. Nicely done. Thank you.

Leave a Reply

Your email address will not be published. Required fields are marked *