Stress is simply a fact of life in the modern workplace. Virtually every business owner and employee, regardless of the size of the enterprise, must deal with the impact of stress in the workplace.

The negative impacts of workplace stress are many and varied: increased employee absenteeism and turnover, higher insurance and workers’ compensation costs, lower employee productivity, and lower sales and profits, to name just a few.

In fact, the American Institute of Stress estimates that stress in the workplace costs U.S. businesses more than $300 billion a year. (Editor’s note: Though no similar study has been done for Trinidad and Tobago, given the current business environment, we expect that it would not be very different).

Here are 10 tips to help you reduce the level of stress on your employees and in your workplace in general: