 |
Examples of Financial Costs to Companies
Loss of productivity for Target and other employees
Huge Legal costs (lawyer fee $250.00 an hour)
EEOC mediation settlement cost
Court settlement costs
Sick leave costs
Disability cost
Unemployment contribution by the employer
Time lost in futile meetings between lawyer and directors, between director and Target
Loss of cooperation from other employees, low moral induces loss of cooperation and causes loss of revenues
Low morale might even cause other employees to quit
Cost of losing an employee (1½ yearly salary)
Cost of hiring and training a new employee
Cost of a temporary agency and loss of business and income caused by an inexperienced employee's mistakes
Extra costs for End of Fiscal Year audits in case of too many employees quitting in any Departments
If case taken to court, media coverage produces loss of business and customers
SOURCE: Workplace Bullying Institute
|
|
|
|
