Some researchers claim one in every three employees will experience bullying at work. And the experts say bullying costs businesses more than $200 billion a year due to decreased productivity, increased absenteeism and high turnover.
A partial rundown of the corrosive effects of workplace bullying:
- reduced productivity, efficiency and profitability
- higher absenteeism, sick time and employee turnover
- decreased morale and loyalty
- increased costs due to recruitment and retraining
- increased workers’ comp claims
- indirect costs though time spent dealing with bullying situations
- negative effects on the company’s image
- potential fines for not abiding by occupational health and safety laws
- legal costs from employees who bring lawsuits, and
- potential increases to insurance and workers’ comp premiums.
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