Last Updated Oct 27, 2008 8:26 PM EDT
Why should you care? Because bullying has very real impacts on morale, motivation, productivity and your bottom line. Bullying inflicts mental harm on both the targets and observers, reduces productivity, and hurts morale and company loyalty.
It also causes good people to jump ship; according to the Level Playing Field Institute, over 2 million managers and professionals flee their jobs every year due solely to workplace unfairness, including bullying.
And consider the damage in terms of dollars:
- The cost of replacing just one $8-per-hour employee can range from $3,500 to $25,000, depending on industry
- That exodus of 2 million workers cost businesses (and our economy) $64 billion, says the Level Playing Field Institute.
- Can you afford a lawsuit? The City University of New York settled a bullying lawsuit for $1 million. In Indiana, a medical technician was awarded $325,000 after successfully suing a surgeon for bullying him in an operating room.
- Lost productivity can cost you, too. A study by Christine Pearson at UNC-Chapel Hill found that 1 in 5 people who were bullied decreased their work efforts and more than half lost work time worrying about bullying.