Wbt - World Of Business And Taxes

Episode 967 - Conflict Is A Very Expensive Process

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Sinopsis

If you like my content and the work I do, help me by going to www.buymeacoffee.com/MichaelLodgeCONFLICT - In businesses, in the United States, employees spend 2.1hours per week involved with conflict, which amounts to approximately $359 billion in paid hours (based on an average hourly earnings of $17.95), or the equivalent of 385 million workind days. Conflict is costly to businesses.According to the report "Workplace Conflict and How Businesses Can Harness It to Thrive," the following statistics demonstrate how pervasive conflict is in the workplace:- 85 percent of employees deal with conflict on some level- 29 percent of employees deal with it almost constantly- 34 percent of conflict occurs among front-line employeees- 12 percent of employees say they frequently witness conflict among the senior team- 49 percent of conflict is a result of personality clashes and "warring egos"- 34 percent of conflict is caused by stress in the workplace- 33 percent of conflict is caused by heavy workloads-27 percent of e