Daily Management Review

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


09/30/2019


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).



Trollbackco
Trollbackco
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

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

Google turns the screws on political ads

Apple to come up with AR glasses

WEF: Big data regulation becomes a problem

Israeli Firm Accused Of Spying By WhatsApp, Lawsuit Filed Against It

Google Used Quantum Computer To Solve Complex Problem

World Politics

World & Politics

Massive blackout unfolds in Venezuela

French And Russian Presidents To Discuss The Moratorium On Missiles In Europe

EU adopts budget for 2020, more funds allocated to climate change fight and innovation

Israeli prime minister indicted in three criminal cases

Argentina finds a way to pay off IMF loan

Sweden closes Assange rape inquiry

Has Chile Put All Its Eggs In One Basket To Turn Towards Renewable Energy?

‘We Are Woefully Underprepared’ As Glaciers Meltdown Leaving Global Water Supply At Risk