What are the costs of
discrimination?
There are
a wide range of costs associated with discrimination and harassment in
the workplace. Some of these are easily quantifiable, while others are
more qualitative in nature. However, the difficulty
in quantifying them exactly does not make them any less damaging to
employers.
Easily
quantifiable costs are those associated with litigation.
Increases in liability insurance premiums may also result,
creating additional expenses.
Costs that are
less easily quantified can nonetheless be significant.
Discrimination
and harassment can lead to increased turnover, forcing more spending on
recruiting and training. Gevity
offers an on-line turnover cost calculator for employers.
An employer
known for discrimination and
harassment may find it difficult to recruit, thereby potentially
depriving the workplace of needed skills and viewpoints. Publicized
discrimination and harassment may create difficulties for the employer
in the marketplace and adversely affect stock prices. Decreased morale
may occur, decreasing employee productivity. [http://answers.google.com/answers/threadview?id=591102]
Sexual Harassment costs a
typical Fortune 500 company $6.7 million per year in absenteeism, low
productivity and employee turnover. http://www.prweb.com/releases/2006/02/prweb351574.htm
In addition to
costs to the company, there are also costs to the individual. One study
found that 50% of women who filed a Sexual Harassment
complaint in California were fired; another 25% resigned due to stress
associated with the process of filing the complaint. A study of Federal
Employees reported that those who have been harassed lose $4.4 Million
in Wages and 973,000 Hours of Unpaid Leave each year. People
who experience harassment and discrimination may elect to be unemployed
or underemployed to avoid such experiences, thereby decreasing their
economic well-being. Lawsuits can be expensive for plaintiffs as well,
and may result in little or no compensation. Emotional harm may also
occur, leading to depression, anger, and/or anxiety. 90% to 95% of
sexually harassed women suffer from some debilitating
stress reaction, including anxiety, depression, headaches, sleep
disorders, weight loss or gain, nausea, lowered self-esteem and sexual
dysfunction. http://www.prweb.com/releases/2006/02/prweb351574.htm
Last modified 20060629 0743