The role of data in identifying burnout, productivity & retention risks — Brad Smith // meQuilibrium
- Part 1Harnessing data to improve employee well-being — Brad Smith // meQuilibrium
- Part 2 The role of data in identifying burnout, productivity & retention risks — Brad Smith // meQuilibrium
Show Notes
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01:33Identifying and addressing burnout with meQuilibriummeQuilibrium uses a predictive model within its 60-question assessment to identify burnout risk for individuals. The platform offers tailored solutions to address burnout and provides aggregated data to leaders to help them address burnout risk within their workforce.
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03:17Distinguishing between existing burnout and at risk individualsmeQuilibrium's model can make the distinction. The platform identifies severe cases in the top 10% of scores and individuals further down the spectrum who are at moderate risk or on the path to burnout. Those with lower scores are generally less of a concern in terms of burnout.
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04:01The accuracy of meQuilibrium's models for identifying burnout, depression, and anxietymeQuilibrium's models for identifying burnout, depression, and anxiety are highly accurate, with the depression and anxiety models achieving over 90% accuracy. The burnout model also demonstrates a high degree of fidelity to the original measure.
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05:47The pandemics impact on depression, anxiety, and burnout levelsDepression and anxiety levels have risen significantly since the pandemic, and the number of highly burned-out individuals has also increased. Persistent stressors like political, social, and global issues are preventing a return to pre-pandemic levels.
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07:55Reducing employee stress and anxiety from world eventsWhile there isnt a quick fix or data-driven intervention for global stressors, individuals can benefit from understanding what they can and cannot control. They can practice mindfulness to help alleviate stress caused by the state of the world.
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09:56The impact of meQuilibrium on anxiety, depression, and burnout levelsUsers experience around a 30% improvement in resilience indicators, a 13% reduction in depression, and a 20% reduction in anxiety over time. The more hours spent engaging with the platform, the greater the improvements in resilience and stress reduction.
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11:28User engagement and light bulb moments in meQuilibriummeQuilibrium aims to engage users for a couple of minutes a few times a week, with brief activities or content. These engagements facilitate "light bulb moments" and enable users to make leaps in self-improvement, with the flexibility to return as needed for further support.
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13:35The impact of meQuilibrium on employee productivity and engagementmeQuilibrium measures its impact through various studies and analyses. Results consistently show that users experience lower turnover rates, reduced disability leaves, improved sales performance, reduced presenteeism, and lower healthcare claims costs, among other benefits.
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18:49meQuilibriums availability for individualsMeQuilibrium primarily focuses on serving mid-sized to large companies. While it initially offered a consumer product, it now directs individuals interested in its services to engage their HR departments at their workplaces for potential adoption of the platform.
Quotes
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"Burnout is a huge risk for retention. It's one of the main reasons people are out there looking for new jobs." - Brad Smith
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"Our depression and anxiety measures are 90 plus percent accurate in identifying folks with at least a moderate or greater level of depression and or anxiety." - Brad Smith
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"The percentage of individuals experiencing depression and anxiety increased from 10-12% pre-pandemic to about 20-22% during the pandemic." - Brad Smith
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"After using meQuilibrium, 13% fewer people at that reassessment meet the criteria for moderate or worse depression, we see about a 20% reduction in anxiety, and burnout is in that 15 to 20% range of reduction in risk." - Brad Smith
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"Our studies over the last couple of years consistently show that people who are engaging with meQuilibrium have about an 80% lower actual turnover rate than people who don't." - Brad Smith
- Part 1Harnessing data to improve employee well-being — Brad Smith // meQuilibrium
- Part 2 The role of data in identifying burnout, productivity & retention risks — Brad Smith // meQuilibrium
Up Next:
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Part 1Harnessing data to improve employee well-being — Brad Smith // meQuilibrium
Brad Smith, Chief Science Officer at meQuilibrium, delves into data-driven strategies for enhancing employee well-being and performance. In today's fast-paced and ever-changing work environment, maintaining employee well-being has become a top priority for organizations. To meet this challenge head-on, companies are increasingly turning to data-driven solutions, like meQuilibrium, to create a healthier, more productive workforce. Today, Brad discusses harnessing data to improve employee well-being.
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Part 2The role of data in identifying burnout, productivity & retention risks — Brad Smith // meQuilibrium
Brad Smith, Chief Science Officer at meQuilibrium, delves into data-driven strategies for enhancing employee well-being and performance. The COVID-19 pandemic, along with ongoing global challenges, has led to a notable increase in employee depression, anxiety, and burnout. Nevertheless, organizations can harness data-driven insights to proactively identify individuals facing these conditions and implement targeted strategies for improvement. Today, Brad discusses the role of data in identifying burnout, productivity, and retention risks.