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How Leading Consulting Firms Address the Rising Challenge of Burnout
How Leading Consulting Firms Address the Rising Challenge of Burnout

Newsweek

time2 days ago

  • Business
  • Newsweek

How Leading Consulting Firms Address the Rising Challenge of Burnout

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Across the country, employee engagement is at all-time lows as people deal with labor market, socioeconomic and geopolitical instability. During this time, managers have been tasked with keeping people happy while balancing executive interests in productivity, office attendance and avoiding corporate activism. In the field of management consulting, where client demands and working hours can be grueling, companies like EY, PwC and Accenture are addressing these challenges by boosting their support for employees' well-being. All three firms were named to Newsweek's America's Greatest Workplaces list earlier this month. "Well-being is unique to every person. That's why, at EY, we take a holistic approach—prioritizing physical, mental, financial and social wellness," Kim McConnell, director of EY Assist, told Newsweek via email, adding that personalized benefits plus focus on team building and measuring progress are keys to the company's strategy. Burnout has been noted as a rising issue since the pandemic-driven lockdowns of 2020. Google searches for "work burnout" and "burnout symptoms" reached all-time highs in the middle of 2022 and have remained high. Both terms have spiked again in the middle of this year, with "work burnout" reaching a new all-time high. Researchers have identified cultures of silence, "invisible work," and a lack of inclusion as sources of burnout. "Well-being isn't a one-time effort but an ongoing commitment to making it part of our everyday experience," Kim Jones, talent strategy and people experience leader at PwC, told Newsweek via email. "We're creating intentional space for our people to recharge and refocus, empowering them to thrive in a sustainable way. We're also providing our people with resources and learning opportunities, such as time for upskilling and volunteering." Recently launched initiatives at PwC include Rock Your Block, weekly uninterrupted time where internal meetings are not allowed, and My Milestone Rewards, which allows people to choose the health and well-being benefits that they would like most. The company invested $22 million in the rewards program. Accenture's well-being strategy focuses on the "three Rs"—recognition, recovery and renewal—as Dr. Tamarah Duperval-Brownlee, the company's chief health officer and a former practicing physician, explained in an interview with Morning Brew last year. Accenture's benefits include financial education, apps and tools to help with sleep and caregiver support as well as courses to support well-being, resilience and belonging. An Employee Assistance Program (EAP) and Mental Health Ally Network provide professional support and internal networking, and birth parents get 16 weeks of paid leave while other parents receive eight weeks. On its website, Accenture also lists flexible work programs and fertility and dependent care support among the benefit offerings available to employees. PwC employees enjoy expansive health and well-being benefits. PwC employees enjoy expansive health and well-being benefits. Getty Images PwC's benefits package also includes financial coaching, well-being support in the form of coaches, rewards and an EAP, as well as expansive professional development and networking opportunities. Its employees also have access to counseling apps and platforms: fitness benefits include Peloton, Wellhub and One Pass, and mental health resources include Talkspace, and Togetherall. PwC also offers fertility, child care and additional caregiver reimbursement and support. EY has buttressed its efforts with a mental health and emotional support team, which allows employees and family members in their households 25 no-cost mental health coaching our counseling sessions per year. The company also covers up to $1,000 annually toward activities, experiences, vacations or products like video game systems, gym memberships and meal delivery services. Employees also get $500 to help cover commuting costs and pet care and $1,500 for child care or caregiver support. "We have also developed approaches to supporting well-being through psychological principles, including a mindfulness program and a program that helps participants develop mindsets to navigate challenges and engage in self-growth," McConnell said. EY has also focused on building internal connections, recognizing how important these bonds can be in addressing dissatisfaction with work. The company provides a service called Team Leader Skills Accelerator, which, McConnell said, "helps establish team norms and behaviors around connection, focus, impact, development and flexibility." "At EY, we've found that teams who spend 40 to 60 percent of their time together in person experience the optimal balance of collaboration and flexibility," McConnell explained. "They benefit from the on-the-job learning and real-time feedback that are critical to our apprenticeship model; they are also able to build lasting connections and report stronger feelings of psychological safety." The firm is also measuring employee well-being with the help of new technology. "We created the EY Vitality Index, a proprietary, AI-powered tool that measures well-being across our teams," McConnell shared. "It does this across 12 key well-being drivers, including experiential data (e.g., whether individuals feel supported, valued and see opportunities for growth) and operational data (e.g., hours worked, PTO utilization and recognition awards). The Vitality Index helps EY leaders spot early signs of burnout and take meaningful actions to correct it." As the talent market grows tighter and more competitive, employers are tasked with finding better ways to support employee well-being. Those who do it successfully can see gains in culture and people's desire to stay at or recommend working at a company. "Well-being is a business imperative, and organizations that prioritize it can effectively combat burnout, improve retention and support long-term growth," McConnell said.

Canada qualifies for ICC T20 World Cup 2026, beats Bahamas by seven wickets
Canada qualifies for ICC T20 World Cup 2026, beats Bahamas by seven wickets

The Hindu

time6 days ago

  • Sport
  • The Hindu

Canada qualifies for ICC T20 World Cup 2026, beats Bahamas by seven wickets

Canada became the latest team to secure a spot in next year's ICC Men's T20 World Cup with a seven wicket win over Bahamas, at the Maple Leaf Cricket Ground in Ontario on Sunday. It became the 11th team to qualify for the 20-team event, alongside co-hosts India and Sri Lanka. The other qualified sides include Afghanistan, Australia, Bangladesh, England, South Africa, United States, West Indies, Ireland, New Zealand and Pakistan. Seven more teams – two from Europe Qualifier (to be played from July 5–11, 2025), two from Africa Qualifier (to be played from September 19 – October 4, 2025) and three from Asia–EAP Qualifier (to be played from October 1–17, 2025) – will join the Men's T20 World Cup through the Regional Qualifiers. Canada made its debut in the men's T20 World Cup in 2024, winning one of the four group stage matches against Ireland. Related Topics Canada

Americas entrants for Men's T20 World Cup 2026 confirmed
Americas entrants for Men's T20 World Cup 2026 confirmed

United News of India

time7 days ago

  • Sport
  • United News of India

Americas entrants for Men's T20 World Cup 2026 confirmed

California, June 22 (UNI) Canada have sealed their qualification for the ICC Men's T20 World Cup in India and Sri Lanka. The hosts of the Americas Qualifiers confirmed their place at the tournament after grabbing a win against Bahamas, their fifth successive in the ongoing campaign from as many outings. Kaleem Sana and Shivam Sharma picked up three wickets apiece as Canada bundled out Bahamas for just 57. The chase was wrapped up in just 5.3 overs, with Dilpreet Bajwa smashing an unbeaten 36 off 14 balls to seal a dominant win and qualification on Saturday. Having featured at last year's Men's T20 World Cup in the USA and the Caribbean, Canada arrived into the Qualifiers as one of the favourites to progress through. The Nicholas Kirton-led side kickstarted their campaign with a comprehensive win against Bermuda by 110 runs. The result was followed by a 59-run win against Cayman Islands and a 10-wicket trumping of Bahamas in the first round of games between the teams. In their second outing against Cayman Islands – a contest cut short to five-overs-a-side – Canada registered another comfortable win after putting together 82 runs on the board, and eventually seizing the game by 42 runs, an ICC report said. Canada join the list of 10 teams already qualified for the 20-team event, alongside co-hosts India and Sri Lanka. The other qualified sides include Afghanistan, Australia, Bangladesh, England, South Africa, United States, West Indies, Ireland, New Zealand and Pakistan. Seven more teams – two from Europe Qualifier (to be played from 5–11 July 2025), two from Africa Qualifier (to be played from 19 September – 4 October 2025) and three from Asia–EAP Qualifier (to be played from 1–17 October 2025) – will join the Men's T20 World Cup through the Regional Qualifiers. UNI BM

Americas entrants for Men's T20 World Cup 2026 confirmed
Americas entrants for Men's T20 World Cup 2026 confirmed

Int'l Cricket Council

time7 days ago

  • Sport
  • Int'l Cricket Council

Americas entrants for Men's T20 World Cup 2026 confirmed

Canada join the list of 10 teams already qualified for the 20-team event, alongside co-hosts India and Sri Lanka. The other qualified sides include Afghanistan, Australia, Bangladesh, England, South Africa, United States, West Indies, Ireland, New Zealand and Pakistan. Seven more teams – two from Europe Qualifier (to be played from 5–11 July 2025), two from Africa Qualifier (to be played from 19 September – 4 October 2025) and three from Asia–EAP Qualifier (to be played from 1–17 October 2025) – will join the Men's T20 World Cup through the Regional Qualifiers.

Names Tricon Residential One of the Best Workplaces in Real Estate for 2025
Names Tricon Residential One of the Best Workplaces in Real Estate for 2025

Business Wire

time17-06-2025

  • Business
  • Business Wire

Names Tricon Residential One of the Best Workplaces in Real Estate for 2025

TORONTO--(BUSINESS WIRE)--Tricon Residential Inc., a Blackstone Real Estate portfolio company, has been named one of the 2025 Best Workplaces in Real Estate™ by Great Place To Work ®. This marks Tricon's fifth year on the list and reflects the Company's continued investment in building a positive workplace culture focused on delivering high-quality service to residents across North America. 'At Tricon, our people-first approach starts with our employees,' said Gary Berman, President and CEO of Tricon Residential. 'To deliver a high standard of care for our residents, we focus on building a culture where our teams feel supported, valued, and aligned with a clear purpose. This recognition from Great Place To Work affirms that when employees are set up to succeed, they deliver meaningful impact far beyond the workplace, including in the homes and communities we serve.' In survey responses to Great Place To Work, 87% of Tricon Residential employees say Tricon fosters a positive work environment, consistently citing the Company's strong sense of purpose, investment in employee well-being and active community involvement as pivotal factors. 'Our job is to make sure residents feel heard, valued, and cared for—and that's only possible because of the culture Tricon has built,' said Marc Leclerc, Resident Satisfaction Manager. 'Through investment in our well-being, training, and success, we have the support we need to make a real difference in residents' lives.' Putting Employee Well-Being First Tricon offers a range of health and wellness programs and benefits designed to support employees' physical, social, emotional and financial needs. Key highlights of Tricon's employee well-being initiatives include: Comprehensive Wellness Platform: Provides a wide range of services, including virtual mental health treatment options, offered at no cost. Flex Work Hours and Competitive Wages: Offers flexible work hours, remote work options to accommodate diverse schedules, and competitive wages for employees in every market. Annual Fitness Benefits: Supports employees' physical well-being with access to employer-funded fitness benefits. Employee Assistance Program (EAP): Ensures that employees have access to resources and confidential counseling services, offered at no cost. Investing in Communities Through Employee Action Tricon actively encourages and supports its employees in giving back to the communities in which it operates. Every team member receives: Eight hours of paid volunteer time per year $100 to donate to a cause of their choice, with Tricon matching all contributions Since the launch of these programs, Tricon employees have donated more than $267,000. In 2024 alone, employees volunteered over 10,000 hours in support of local food banks, education initiatives, youth programs, and more. Recognized for Impact In addition to the 2025 recognition from Great Place To Work, Tricon was named a Top 100 Inspiring Workplace in North America by the Inspiring Workplaces Group in 2024, and a Best Workplace in Real Estate & Property Development in 2022. The Best Workplaces in Real Estate award is highly competitive. Great Place To Work ®, the global authority on workplace culture, determines its lists using a unique methodology to evaluate and certify thousands of organizations in America's largest ongoing annual workforce study, based on over 1.3 million survey responses and data from companies representing more than 8.2 million employees in 2024 alone. Survey responses reflect a comprehensive picture of the workplace experience. "Great Place To Work Certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience," said Sarah Lewis-Kulin, the Vice President of Global Recognition at Great Place To Work. She emphasizes that Certification is the sole official recognition earned by the real-time feedback of employees regarding their company culture. 'By successfully earning this recognition, it is evident that Tricon Residential stands out as one of the top companies to work for, providing a great workplace environment for its employees." About Tricon Residential Inc. Tricon Residential is an owner, operator and developer of single-family rental homes in the U.S. and multi-family apartments in Canada. Our commitment to enriching the lives of our employees, residents and local communities underpins Tricon's culture and business philosophy. We provide high-quality rental housing options for families across the United States and Canada through our technology-enabled operating platform and dedicated on-the-ground operating teams. Our development programs are also delivering thousands of new rental homes and apartments as part of our commitment to help solve the housing supply shortage. At Tricon, we imagine a world where housing unlocks life's potential. For more information, visit About Great Place to Work Certification™ Great Place To Work® Certification™ is the most definitive 'employer-of-choice' recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place To Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place To Work-Certified. As the global authority on workplace culture, Great Place To Work® brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Their proprietary platform and For All™ Model helps companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified™ or receiving recognition on a coveted Best Workplaces™ List.

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