Over $100 Billion in Lost Revenue for U.S.-Based Businesses Every Year!
ALL of your employees, co-workers, and colleagues will experience
grief and loss - the death of a loved one, an unexpected health diagnosis,
divorce, financial insecurity, and Covid-19... Not to mention the uncertainty of
M + A's, RIFs, leadership shakeups, and significant restructuring.
Direct financial losses to your org can include the following:
On-the-job accidents and injuries
Diminished productivity and low production
Significant errors in day-to-day tasks
Worker's comp claims and lawsuit awards
Tarnished personal, professional, and company reputation
It can be challenging to balance compassion and continued work productivity.
But it doesn't have to be if you understand what employees face and
have a comprehensive bereavement policy and grief support plan. I can help!
Employers spend around 33% of a worker’s annual salary during the replacement process. Let’s put that into perspective: It will cost $12,000 to replace an employee making $36,000 a year. It will cost $20,000 to replace an employee making $60,000 yearly. It will cost $50,000 to replace an employee making $150,000 a year.
93% of Respondents say extended bereavement leave is empathetic, which shows employers care.
93% of employees are likelier to stay with an employer who empathizes with their needs. Employees say that the benefits of an empathetic organization are 75% more motivated employees and 69% more productive employees.
The hidden cost of grief in U.S. workplaces is over $100 billion a year due to absenteeism, lack of concentration, on-the-job injuries, disengagement, errors due to lack of concentration, and missed deadlines. Death of a Loved One: $37.6 billion, Divorce/Relationship Losses: $11 billion, Family Crisis: $9 billion, Death of an Acquaintance: $7 billion, Financial Distress: $4.6 billion, Death of a Pet: $2.4 billion.
The “multiplier effect,” means for every one death multiple individuals are impacted. For example, for every COVID-19 death, approximately nine Americans will survive having lost a grandparent, parent, sibling, spouse, or child. These family survivors are now at risk for poor physical health outcomes, premature death, and other adverse consequences.
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