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

Porsche, Boeing set to develop flying electric car

Samsung to invest $ 11 billion in new generation displays

US is betting on Nokia and Ericsson to replace Huawei

UPS becomes first to receive full regulatory approval for UAV shipping in USA

NASA orders Lockheed Martin to build spacecraft to fly to the Moon

Hyundai to create joint venture for unmanned vehicles

Bain & Company: E-wallets and cheaper transactions are new payment trends

Is UAV drone industry falling into decay?

UK Scotland Yard employs AI to deal with frauds

US sets to fight robocalls outbreak

World Politics

World & Politics

Dominican Republic lost $ 200 million because of scandal with tourists death

France: We will take measures to protect our military in Syria

Paralyzed Hong Kong: Protests don't fade

Johnson unveils Brexit compromise deal considering Irish issue

African swine fever at Europe’s borders: time for an embargo?

Saudi Crown Prince Says Khashoggi’s Murder Happened Under His Watch

Will Merkel restore her "Climate Chancellor" image?

Venezuelan opposition to receive $ 52 mln from USA