The Business Advisor

Episode 967 - Conflict Is A Very Expensive Process


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CONFLICT -
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 employees have witnessed conflicts lead to personal attacks
- 25 percent of employees have seen conflict result in sickness or absence
- 9 percent have seen workplace conflict cause a project to fail

If you have conflict, resolve it quickly. Bring in a 3rd party mediator to work with the conflicting individuals or issues that is hurting the company.

If you have any questions, send me a text to 818.252.5682 or email me at [email protected] www.lodge-co.com
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The Business AdvisorBy Michael Lodge

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