How Toxic Workers Cost Companies More Than Good Employees
No one likes dealing with toxic workers. Now there is more proof toxic workers just need to be sacked. Not only are toxic co-workers making your workplace stressful, they could be costing your company a lot of money.
According to new research by talent management firm Cornerstone OnDemand, it costs more to employ toxic workers than non-toxic workers. The study examined a data set of 63,000 employees and focused on “toxic employees,” or people who were fired for harassing co-workers, falsifying documents, engaging in fraud, or had been violent in the workplace, reports Bloomberg.
The report breaks down the reasons toxic workers need to go:
–If good employees have to work side-by-side with toxic workers, they are 54 percent more likely to quit, if the proportion of toxic employees on the staff grows by as little as a 1:20 ratio.
–One bad apple can really spoil the whole bunch. The report found that toxic workers negatively affect the performance of other employees. Toxic workers create “a caustic environment that has more long-term effects on employee stress, burnout, and peace of mind,” said the study. “Toxic employees have the potential to poison the entire well, and the cost estimates issued here should be considered conservative since they do not account for the spread of toxic behavior and its second-hand effects,” Cornerstone OnDemand said.
–The bottom line is toxic workers don’t come cheap. They can cost a company a lot of money in the long run. “By making their co-workers significantly more likely to leave, toxic employees lead to rising replacement costs; hiring a single toxic employee onto a team of 20 workers costs approximately $12,800, whereas hiring a non-toxic employee costs an employer an average of $4,000,” reports Business Wire.
Do you work in a toxic environment? Check out the signs you are in a toxic workplace in our recent story on the subject.