Workplace Stressors: Bullying 2 (Financial Impacts)
"Nothing can prepare you for living or working with a sociopathic serial bully. It is the most devastating, draining, misunderstood, and ultimately futile experience imaginable." - Tim Field
Bully your staff, and don't have a clue, that at the end of the day, you'll lose your revenue
Like this is my next volume when it comes to workplace stressors and how bullying is a serious issue when it comes to the workplace environment. Yesterday, I spoke on my own personal experience, but today I want to elaborate on the financial impacts that workplace harassment, such as bullying has on the economy, especially in the London community. Let's review again the definition of bullying from the Canadian Occupational Health & Safety once again, to get clarification on what bullying means.
"Bullying is usually seen as acts or verbal comments that could psychologically or 'mentally' hurt or isolate a person in the workplace. Sometimes, bullying can involve negative physical contact as well. Bullying usually involves repeated incidents or a pattern of behaviour that is intended to intimidate, offend, degrade or humiliate a particular person or group of people. It has also been described as the assertion of power through aggression." - Canadian Occupational Health & Safety
Therefore, now that we are aware what bullying is, let's breakdown how this has had an impact on the London ecosystem in itself, by reviewing an article which I found recently on CBC news.
In February, there was a report by CBC which spoke on how there was approximately $135,000 spent on investigations concerning workplace harassment and as the article states, "internal toxic environments". The reason why toxic environments is bold is simply because that's an important concept which needs to be explored on another day, since people are not aware that if you have a toxic environment that it can diminish the credibility of your establishment and everything about your business in a heart beat. Therefore, let's continue so that we can expand on the findings.
In the article, they give a detail on how the funds were allocated, let's expand because it's vital to be able to understand this.
"$9,910 to Beresford Dispute Resolution in 2018
$42,375 to Schroeder Law in 2019
Another $3,390 to Schroeder Law in 2019
$69,495 to Schroeder law in 2020
$9,764 to Corporate Investigation Services in 2021."
Schroeder Law got a huge bulk of the money, totalling a value of $70,000, and now you see how the negligence, harshness, belittling of employees has not only made the business suffer, but also the community. This is why employers need to think twice as well as co-workers when they are mismanaging their staff because it only leads to negative results holistically. When you read the article it even expounds how the Mental Health Unit said that they cannot even speak on these issues because they are personnel matters, so as a result it even hits homes and effects lives critically.
Therefore, this is why I am so passionate about RKease Co. because workplace stress is a matter which the economy is losing money in and if there are viable solutions out there it would make the Canadian economy more sophisticated, prosperous, and healthy. I hope you enjoy the blog, and stay tuned for tomorrow! Peace! :)