30% of all business failures are caused by employee theft!
Every day, headlines alert us to another danger: violence in the workplace. In a single month, the Workplace Violence Research Institute reported, an estimated 16,400 threats were made, 723 workers were attacked and 43,800 were harassed every work day. The average award in a workplace violence lawsuit is over $1 million, costing employers $36 billion each year.
Even if you weed out a bad employee before they do irreparable damage, they have cost you: Recruiting Times estimates that the cost to replace employees is:
- $7,000 to replace a salaried employee
- $10,000 to replace a mid-level employee
- $40,000 to replace a senior executive