What’s the cost of ignoring psychological health and safety - Adam Carrozza Psychologist by Adam Carrozza published on 2022-09-09T19:01:04Z What’s the cost of ignoring psychological health and safety? Because psychosocial safety touches every member of the workforce and every part of the business, the cost of ignoring it can be catastrophic for employers. Nevertheless, many organisations don’t see it until it’s too late. This is because so much of what constitutes psychosocial safety is intangible, and so, leaders who struggle to see beyond their dashboards and tangible costs are at the greatest risk. One obvious cost is absenteeism. However, this cost is beyond financial. When an employee is away from work, either someone else has to cover for them, or the work simply doesn’t get done. Either way the service to the customer, whether internal or external, is compromised – that means the organisation’s reputation is at risk. Plus, it’s not just the absent employee’s work that’s compromised; those left to pick up the slack find the standard of their own work suffers. If that goes on too long or too frequently, resentment builds, and the atmosphere can quickly turn toxic. An even more significant concern is when employees are distracted and disengaged from their work; also known as ‘presenteeism’. This is the silent killer of business productivity. While it’s difficult for employers to measure, the research that has been done is clear; from a productivity perspective, the cost of presenteeism exceeds the cost of absenteeism many times over. What’s more, disengagement is a key reason why people end up quitting. When an employee does quit, it’s not just knowledge and skill that are lost. Firstly, there are recruitment costs, then training, and the time it takes for the team to start working together efficiently. Once these costs are factored in, it’s easy to see how replacing a single staff member can run into the tens of thousands of dollars. For more, get in touch with Adam Carrozza Psychologist. https://open.spotify.com/show/4E7eAzeYV9CTnfX638lgDH Genre Business