Dynamic changes are occurring to the conditions of the corporate business which are quite challenging to respond to, compete against and adjust. In recent years corporates have come to accept this reality. These changes bring both economic and political pressures that impact not only businesses but also their employees
Current Status
Various research studies have provided evidence for the existence of corporate pressure on their employees and the seriousness of these issues. A survey conducted by Monster India found that 45% of Indian professionals felt pressure on having to meet the deadline whereas 36% felt that to keep up with their workload they had to commit to long hours of work. Another survey conducted by Talent500 in India, during 2020 observed that 51% of the employees experienced burnouts due to demanded workloads.
A concerning study provided by National Institute of Mental Health and Neurosciences (NIMHANS) in 2019, reported that 1 in 3 corporate employees in India experience depression, anxiety or stress-related disorders with job insecurity and high workload being the major contributing factors. This calls for the organization to prioritize their employee’s well-being and for our country to start building a healthy work environment.
Types of Corporate Pressures
To deal with corporate, it is essential to understand what these pressures are. There are several types of work pressure in business and workplace settings. These pressures can broadly be classified into two types:
Internal Work Pressure: You could have felt internal pressure to perform well on exams. It’s possible that you were trained to judge your worth by the amount of schoolwork you completed. Or you may hear the saying to work harder and achieve more. Thus, you may have tried to push yourself to perfection in specific areas of work. Internal work pressure is the term for the pressure that people put on themselves.
External Work Pressure: These types of pressure are applied to the individual by outside forces like your management, the company, or its stakeholders. For example, your employer may pose sudden workload to complete in a short duration.
Though these are the basic forms of work pressure, corporate pressure may arise from various sources and can be classified into several types as mentioned below:
Financial pressure: Financial pressures are the pressures people experience in the corporate world related to profits and losses. It can take the form of budget constraints, financial incentives or disincentives, or the threat of loss of employment or funding.
Time Pressure: Time pressure might take the form of unreasonable deadlines or workloads, frequent interruptions, or the requirement to work late into the night or on the weekends.
Performance Pressure: The expectation that performance will always be at a high level can manifest as stringent standards or measurements that must be met.
Social Pressure: Peer pressure to adhere to group standards or expectations or to act in a particular way to blend in with the workplace culture are examples of social pressure.
Legal Pressure: Legal pressure can occur in the form of rules or laws that force businesses to adhere to certain standards or suffer fines, as well as the threat of legal action from clients, rival businesses, or other stakeholders.
Ethical pressure: This can be the pressure to act in a way that is consistent with the company’s values, mission, or ethical standards or the pressure to act in a way that is consistent with the expectations of stakeholders, such as employees, clients, investors, and the public.
Ways to Deal with Corporate Pressure
Pressure is of various types and can come in varying intensities. This article offers a few wholesome and beneficial strategies to help you manage your stress in professional settings.
Prioritize by Dividing: To avoid becoming overwhelmed when under significant pressure from a project, a personal issue, etc., start breaking the matter down into manageable parts and decide what must be done right away and what can wait. Next, decide what must come first, second, and third. An overwhelming situation can be made manageable by breaking it down into small tasks, and as you complete them and cross them off your to-do list, you will restore calm and take charge of the situation.
Create a Plan: Design your business and corporate strategies that fit you and your situation the best.Consult past records to see how we handled similar issues, or speak with others to get their perspective on the situation at hand. Next set up and define a strategic plan to implement this design. Gather and analyze the required data and draw conclusions. Lastly implement, monitor and modify your plan based on the output obtained.
Maintain focus: Avoid negative thoughts that cause unnecessarily worrisome. Remind yourself of the previous occasions when you or others had confronted the same issue and triumphed so that you can believe it is not impossible for you to complete their work project on time.
Replenish Yourself: Avoid outside distractions like your chat group or a later-scheduled after-work event. Tell whatever it is that’s keeping you and your staff members from focusing to disappear from their radar right away.
The Biological Effects of Corporate Pressure
Corporate Pressure may result in stress that cause damaging impact on your physiological condition. One explanation for this is that pressure increases, and if we don’t take proactive measures to release it, it can eventually lead to burnout and the previously mentioned consequences. The media of today frequently features items that repeatedly demonstrate biological impacts. Thus, going on a vacation when you’re on vacation (which doesn’t have to be a big deal) or taking time off sometimes to engage in something unrelated to work are examples of taking time off to refuel oneself. This distance from your place of employment will help you to recharge. During working hours practicing a five to ten minutes relaxation technique can also be useful.
In conclusion, the following strategies are very few and may not be able to help you fully deal with corporate pressure. To discover solutions for the current problem and to get the best results, it is always advisable to talk to others or seek the advice of a specialist.