Workplace Violence and Bullying Costs Your Business
The workplace is filled with people who have diverse values, wants, needs, and expectations. So, naturally, conflicts will occur. Sometimes these conflicts can be an asset to the organization. They may be opportunities for creativity, collaboration, and improvement. However, when conflict is caused by bullying behavior, harassment and violence, it can also be costly to your organization. The impact of workplace violence can be devastating – to the individuals involved, your team, your clients, and to your entire business. Workplace violence and bullying can have a tremendous cost on your business. It hinders performance as individual focus is not on creating value for the customer but surviving internal stress.
Some of the results of workplace violence and bullying include:
- Stress, frustration, and anxiety
- Loss of productivity
- Increased legal costs and fines
- Unnecessary turnover
- Increased client complaints and loss of trust
- Higher insurance premiums
- Injury and accidents
- Disability claims
- Preventable sick leave
Bullying and harassment are the leading causes of workplace stress and is a key driver of health care costs. Isn’t it worth the investment to create a violence-free workplace where people’s energies are focused on growing the business and not fighting their co-workers?