Commercial Collections Blog

Commercial Collection: Stress

Stress is the responses our bodies and minds have to the demands placed on them. It is a normal part of life and a normal part of our work environment. But how much does stress affect the employee and business?

The World Health Organization once labeled stress a “workplace epidemic”. Today, stress in the workplace costs American companies more than $400 billion annually from health costs and absenteeism to poor performance. While a normal level of stress can be beneficial in some cases, stress-overload can lead to a variety of problems, including insomnia, migraines, declining relationships and poor concentration, not to mention the numerous physical ailments it eventually causes.

Fortunately, today nearly 50% of America’s large companies provide their employees with stress management training, but there is still a long way to go. Companies that do not have such programs for their employees should understand that lasting stress reduction is often brought about by institutional changes, and that often begins with managers improving communication with employees, allowing workers to take part in decisions that affect their jobs while also offering incentives and cultivating an honest, friendly and professional social climate in which to work.

Debt Collection News

  • Grifton looks to collect on overdue accounts

    March 19, 2018
    The debts already included the $150 water deposit activation fee charged by the town. Every year, the town writes off its 10-year-old unpaid accounts. Grifton attempts to collect these debts by using Tekcollect, a debt collection agency, to track down account owners and retrieve the funds for unpaid bills.
  • IRS releases its 'Dirty Dozen' tax scams

    March 19, 2018
    The scam artists then pose as the IRS, debt collection agency officials, or law enforcement, to call attention to the error and ask taxpayers to return the money to them. Phone Scams: Since October 2013, the Treasury Inspector General for Tax Administration (TIGTA) reports over 12,716 victims have ...
  • Financial Focus: Tax Season Equals Tax Scammers

    March 19, 2018
    Financial Focus: Tax Season Equals Tax Scammers ... Then the scammers call you, posing as a debt collection agency to tell you the money was deposited in error and tell you to forward the money to their “collection ... As an identity theft sidenote, you should have your credit card report checked.