Addressing the Costly Impact of Workplace Conflict: HR Roundtable on Dignity at Work
In the UK, workplace conflict has escalated to a cost of £28.5 billion to organisations, equating to over £1,000 per employee—a significant financial burden with a profound human cost. Astonishingly, 10 million workers have encountered conflict at their place of work, with 5 million suffering from stress, anxiety or depression as a consequence.
The statistics from ACAS and CIPD paint a dire picture: 900,000 employees have taken time off due to these issues, 500,000 have resigned, and 300,000 have been dismissed. Furthermore, a toxic work environment is not just a contributor to staff turnover; it represents a substantial fiscal deficit. Each staff member that resigns costs an enterprise an average of £7.2k in recruitment expenses and £30k in lost sales and productivity.
Avoiding just one grievance or disciplinary proceeding can save an organisation £1.1k or £1.3k, respectively, and preventing a tribunal can save £12k per case before it reaches court. And beyond the calculable, the price of reputational damage is immeasurable.
Our forthcoming HR Roundtable, titled “Dignity at Work,” is an imperative forum for addressing these challenges. With Ian Kirkpatrick, a respected professional boasting over a quarter of a century in leadership roles, we aim to explore effective strategies to diminish conflict and enhance workplace mental health, thereby reducing the extensive costs associated with workplace disputes.
Join us for this pivotal virtual event on Thursday, 22 February, from 11 AM to 12 PM, to be at the forefront of fostering a more respectful and efficient workplace. The cost of conflict extends beyond the financial—it affects lives and livelihoods.
Secure your place now and contribute to the shaping of a more dignified and productive work environment.
Date: Wednesday 22nd February 2023
Time: 11:00 - 12:00 GMT