Over $100 Billion in Lost Revenue for American Businesses Each and 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 major
restructuring that creates instability and fear.
It can be hard to balance compassion and continued work productivity. But it doesn't have to be if you understand what employees are facing and have a plan in place.
Don't become a Glassdoor casualty or needlessly lose a valued and difficult-to-replace employee. Not to mention a tarnished personal, professional, and company
reputation by being unintentionally callous, unkind, or hurtful.
Just as each loss is unique, so is each organization and team. I work with stakeholders to understand and help identify gaps and opportunities within current policies and programs.
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.