Tuesday November 13, 2018

Demanding Targets Make Employees Sleep Less Than 6 Hours : Assocham

"Depression, fatigue, and sleeping disorder are conditions or risks that are often associated with chronic diseases and have the largest impact on productivity."

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Nearly 56 percent of corporate employees in India sleep less than six hours a day due to high-stress levels that arise out of tough targets set by their employers, an Assocham Healthcare Committee report said here on Monday.

“Setting of unreasonable and unrealistic targets causes lack of sleep, has wide-ranging effects including daytime fatigue, physical discomfort, psychological stress, performance deterioration, and low pain threshold and even increase absenteeism,” the report said.

Findings of the report pointed out that sleep deprivation costs $150 billion a year due to higher stress and reduced workplace productivity. The work performance pressure, peer pressure, difficult boss — all of this is taking a toll on the physical and mental health of people, it said.

employees
About 46 percent of the Indian workforce suffer from some form of stress, according to the survey. Pexels

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The stress could be related to personal issues, office politics, or performance target issues, it added.

“There is a rising case of metabolic syndrome that includes, diabetes, high uric acid, high blood pressure, obesity, and high cholesterol (in India),” the report said.

About 16 percent of the sample population of the survey claims that they suffer from obesity. Depression was witnessed among 11 percent of the respondents, it said.

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Employees
People suffering from high blood pressure and diabetes comprised of 9 percent and 8 percent of the sample population respectively, as per the report. Pixabay

Spondylosis (5.5 percent), heart disease (4 percent), cervical (3 percent), asthma (2.5 percent), slip disk (2 percent), and arthritis (1 percent) are other common diseases among corporate employees, it said.

“Depression, fatigue, and sleeping disorder are conditions or risks that are often associated with chronic diseases and have the largest impact on productivity.” (IANS)

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As per Assocham, the Indian economy may reach 7% in 2018

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As per Assocham, the Indian economy may reach 7% in 2018.
As per Assocham, the Indian economy may reach 7% in 2018. IANS
  • Because of demonitisation, the economy may reach 7% in 2018: Assocham
  • Inflation may range between 4-5.5 per cent towards the second half of the next calendar year
  • Assocham expects the forthcoming Union Budget to be “heavily tilted” towards the farmers

New Delhi, Dec 24, 2017: With government policies set to tilt more towards the “stress-ridden rural landscape” next year in the run-up to the 2019 Lok Sabha elections, the Indian economy may reach a 7 per cent growth in 2018 while recovering from the lingering effects of demonetisation and GST, industry chamber Assocham said on Sunday.

“After ‘disruptions’ from the lingering effects of demonetisation and GST roll-out, the Indian economy may reach a 7 per cent growth in 2018 with government policies tilting towards the stress-ridden rural landscape in the penultimate year before the Lok Sabha elections,” according to the industry body’s “Year-Ahead Outlook”.

“Against GDP growth of 6.3 per cent in the second quarter of 2017-18, the economic expansion may reach the crucial 7 per cent mark by the end of September 2018 quarter, while inflation may range between 4-5.5 per cent towards the second half of the next calendar year with the monsoon being a key imponderable,” it said.

Assocham President Sandeep Jajodia said the projections were based on the assumption of stability in government policies, good monsoons, pick-up in industrial activity and credit growth as also stability in the foreign exchange rates.

“The worries on account of crude oil shooting up are likely to abate, if there are no fresh geo-political shockers.”

According to the Assocham outlook, while the underlying bullish sentiment should continue to prevail in the Indian stock market in 2018, the returns on equity may not be as robust as in 2017.

“This is because the 2017 bull run has already factored in the return of growth steadiness in 2018 and the corporate earnings witnessing a pick-up,” it said.

The industry lobby said in the run-up to state assembly elections in several politically important states, the political economy is set to tilt towards the farm sector “which has been witnessing some stress”.

“The stress in the agriculture sector is traceable to lack of reforms in the rural economy. Despite political promises, several of the states have not been able to reform the APMC Act, which restricts farmers to sell their produce to a particular set of cartels.”

Assocham expects the forthcoming Union Budget to be “heavily tilted” towards the farmers while the industrial focus would be on sectors which create jobs.

“A realisation seems to be dawning that growth per se is not enough, the benefits must be seen in the form of higher employment. The year 2018 would see policies in this direction”, the statement added. (IANS)