Workplace Violence
Costs: Hidden and Actual
The costs and consequences of workplace
violence, albeit difficult to quantify precisely, are real. Compensation
costs, loss of productivity and personal tragedy are just a few of the
hidden costs.
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The yearly cost
of violence in the workplace in the United States
amounts to $35.4 billion. Worker absenteeism in the
U.S. due to exposure to violence is 30 to 40 per
cent higher than in the European Union. A recent ILO
report estimates the combined cost of workplace
stress and violence at 0.5 to 3.5 per cent of
national GDP per year. As the costs have been
quantified, there has been recognition of workplace
violence as a valid issue and major health and
safety cost for enterprises, the elimination of
which is necessary for success. It is essential to
link managerial and economic goals, and make the
fight against violence an integral part of
enterprise culture and growth, as well as a
self-sustained process in the workplace.
The cost of violence in the
workplace is difficult to quantify. However, it
includes costs related to disabilities, loss of
workdays, increased workloads for other workers,
lower levels of service for patients and legal
issues.
Early crisis intervention is
dramatically cost-effective for employers. Research
shows that early intervention cuts costs in terms of
time loss, treatment costs, litigation,
rehabilitation and disability. Employers can provide
assistance through on-scene support, individual
consultations, group debriefings, family assistance,
workplace re-entry and follow-up services. (1)
What are
the hidden costs of workplace violence?
(2)
- Loss of moral and increased
stress
- Lower productivity in victims
of post-traumatic stress disorder
- Higher workers' compensation
costs
- Negative publicity (Just ask
the post office!)
- Hardship to victim's family
The
Cost
of Workplace Violence
Violence on the job
or even the mere threat of it can be perilously
expensive. Statistics in an issue of a 1997 issue of
'The Lipman Report" (3)
shows stress-related claims cost on an average
$15,000 to $20,000 per claim. Workplace
injuries--not necessarily from violence- cost an
average of $10,172 to $15,745. Examples of violence
costs are:
- Personal injury claims
- Damage to equipment
- Increases in insurance
premiums
- Lawsuit costs
- Lost work hours from
intimidated employees
- Psychological costs
- Loss of qualified personnel
as a result of intimidation
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Estimating Workplace Violence Costs
The FBI Department of
Justice states that we face economic loss as the result of violence,
though it is hard to quantify. Violence in the workplace \
results in lost work time, damaged employee morale and
productivity, increased workers’ compensation payments, medical expenses,
and possible lawsuits and liability costs. Estimates of the costs, from
lost work time and wages, reduced productivity, medical
costs, workers’ compensation payments, and legal and security expenses,
are even less exact, but clearly run into many billions of dollars. (4)
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