U.S. Companies Are Losing $223 Billion to Workplace Toxicity
Employee retention isn't just good for morale; it can translate into major savings for your business. Or, to put it another way, losing workers can be a costly, unwanted disruption that hurts your company on many levels.
Now, when we think about the reasons workers tend to quit their jobs, it's easy to land on obvious pain points like inadequate compensation or a lack of upward mobility. But it turns out company culture plays a big role in promoting employee retention.
In fact, 20% of American workers have left a job in the past five years because of an unfavorable company culture. The cost of all that turnover? A whopping $223 billion, according to a new report by the Society for Human Resource Management (SHRM).
Source Fool.com
