What Disputes Cost Your Business
Many clients don’t realize that they are paying people to be in dispute at the workplace and not fulfilling their job requirements. This can be due to two main reasons: Disputes are often silent or latent; or the clients believes disputes don’t affect the workplace enough to cause damage. However, disputes and conflicts can cost a small business tens of thousands of dollars. Not to mention stress, lost time and potential damaged reputation.
The exact figure on how much a dispute can cost your business is a moving target. It depends on several things, including wage, work hours, affected parties and turnover. To give a better idea of what dispute may be costing your company, simply download (pdf) and fill in the conflict cost calculator below. The reverse helps calculate the cost of employee turnover.
Contact us for a free consultation on how we can minimize this cost to your business.