Burnout isn’t exclusive to the corporate world; it’s a pervasive issue that can be felt in all aspects of professional life. With the increasing demands of our jobs, paired with the challenges of modern life, burnout is becoming a widespread phenomenon. As an estate planning firm, we understand that many of our clients, whether retired or close to it, have faced the experience of burnout in their careers. Here’s how you can protect your well-being and ensure a more fulfilling life as move towards retirement.
The term "burnout" was coined in the 1970s by the American psychologist Herbert Freudenberger, fifty years before the onset of the COVID-19 pandemic. But the pandemic did play a role in highlighting its relevance. According to peer-reviewed medical journal Mayo Clinic Proceedings, the burnout rate among the US workforce which was 28% in 2018 increased alarmingly to 53% by 2022.
This surge can be attributed to the changing dynamics of work. Industry leaders like Elon Musk have endorsed longer working hours, adding even more pressure to employees facing difficult personal issues, leading to a mounting crisis. As we prepare for a future with more and unforeseen crises, burnout prevention strategies are more vital than ever.
Key Causes of Burnout Researchers have identified six main culprits:
Protecting Yourself from Burnout To grow as a leader and enjoy a fulfilling life as you approach retirement, consider these proactive measures:
In conclusion, while burnout has become a growing concern in recent years, it's not an insurmountable challenge. By recognizing its signs and implementing preventive measures, we can all aim for a more rewarding professional journey and a peaceful retirement.
For more insights and guidance, especially as you plan for retirement, reach out to us at Stouffer Legal by clicking here to view our online Estate Planning, Asset Protection and Elder Law workshop. Our commitment is to ensure you enjoy the fruits of your hard work without the shadow of burnout looming over you.
Photo credit: Healthline.com