Conflict costs money. From painful legal fees to the hidden costs of wasted energy, this conflict adds up to more than just the cost of doing business.
This easy-to-use tool provides you with clear answers about just how much wasted time, turnover, and poor decision making are negatively impacting your bottom line.
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Example – Four high impact members of your staff, with an average annual compensation of $80,000 spend a 10% of their time in a certain year mired in interpersonal conflict while they are are supposed to be working on a project together. Cost = $96,000.
Example – Your company has recently expanded and you have hired some very talented new staff. These new members of your company, however, have challenged the status quo as a result of their new ideas, their age, and their different racial and ethnic identities. Since no attention was paid to building and facilitating cohesiveness among your entire staff, one individual, who had an annual compensation package of $50,000 has recently given notice and there are claims of discrimination that have been filed. Cost of this conflict = $200,000.
Example – A well-regarded VP in your company with an annual compensation package of $120,000 is struggling with a EVP in another department over a simmering dispute about a recent hire. That conflict is taking time out of his day and he is spending other time ruminating about it while he should be focused on his clients and his team. It has caused him to make some mistakes that his own team has brought to his attention. And yet the conflict, and the mistakes, continue. These mistakes are hurting your company’s bottom line for a total of $150,000.