The alarming rise of burnout in high-demand industries, such as digital product design and development, highlights the urgent need for leaders to cultivate a healthier work culture. Balancing productivity with wellbeing is crucial in the face of relentless deadlines and high expectations. At Adrenalin, we prioritise our team's health by implementing diverse initiatives year-round to support both physical and mental wellness. A key initiative is designating September as "Pause & Breathe Month," encouraging our team to step back, recharge and focus on their wellbeing. In this article, we will explore the importance of addressing burnout, the challenges involved and strategies for managing stress within digital product teams. We’ll also share practical tips that you can implement daily to support your team's wellbeing.
Burnout has significant costs
The cost of burnout within digital product teams can be profound, affecting both individuals and businesses alike. Burnout results in increased absenteeism, presenteeism (being present at work yet underperforming) and elevated turnover rates, all of which directly influence an organisation’s financial performance.
According to the 2023 Absence Management & Wellbeing Report, the average number of sick leave days in Australia increased by 23% from 2019 to 2022, with employees now taking 14 days of sick leave annually. The direct cost of absenteeism per employee rose to AUD 4,025 in 2023, demonstrating the financial strain it places on companies (DHS).
In addition to absenteeism, burnout contributes to higher turnover rates. The 2020 Productivity Commission Report on Mental Health estimated that mental ill-health costs Australia between AUD 13–17 billion annually.
This underscores the critical need for digital product leaders to prioritise mental health and wellbeing within their teams, ensuring sustainable productivity whilst mitigating the considerable costs associated with burnout.