Daily Management Review

Study: US companies lose $ 223 billion due to toxic work environment


Staff turnover caused by tensions in the workplace has deprived US companies of nearly a quarter trillion dollars over the past five years, according to a study published by the Society for Human Resource Management (SHRM, Virginia).

The study showed that staff turnover due to the "toxic" atmosphere in the office deprived US companies of $ 223 billion over the past five years, which is 24% more compared to the period from 2008 to 2012.

This figure may continue to grow in connection with the current political situation in the United States, SHRM believes.

The growing tension in the team in connection with political disputes is forcing personnel departments to take on new responsibilities, the study notes. "We need to deal with political disputes at work, although HR managers have never done this before," said Johnny C. Taylor, Jr., SHRM's CEO.

A study published last year by recruitment agency Robert Half International found that 22% of employees entered into "lively discussions with colleagues" during the last US presidential election. Another 15% said their productivity fell due to talk of politics.

This year, SHRM hotline specialists have already received 60,000 requests for how to respond to political discussions in the workplace, said Alexander Alonso, director of the SHRM information processing department. This figure is 10% of the total number of calls received in the current year.

source: shrm.org

Science & Technology

Complete Computer System For Self Driving Cars Launched By Qualcomm

In A Lifetime We Could Accumulate 20Kg Micro-Plastic In Our Body

Creator Of The First 'Gene-Edited' Babies Of The World Gets 3 Year Jail Term In China

China to deploy giant Beidou global navigation system in 2020

VW Zwickau factory is getting ready for electric cars production

Airbus: Passenger hybrid aircraft to take off before 2035

Ocado To Introduce ‘Mini Robotic Warehouse’ With Standard Productivity

AB InBev’s Piled Up Alcohol Is ‘Too Good to Waste’

Ericsson Mobility forecasts nearly fourfold increase in mobile traffic by 2025

Elon Musk: We received 146,000 orders for Cybertruck

World Politics

World & Politics

Indonesia, UAE sign nearly $23B deal

US to respond to Iran’s attacks on US bases in Iraq

Irish Passport issues hit record in anticipation of Brexit

Reporters Without Borders calls to release Julian Assange

IMF allocates Ecuador $ 500 mln more to support reforms

French pension reform chief to resign

Poland refuses to join EU 2050 climate deal

EU to fight food waste