0
   

Does "delivers twice the value to a company" mean "cost a company twice"?

 
 
Reply Fri 4 Dec, 2015 02:55 am

Context:

At some point in our careers, most of us have come across someone known as a “toxic worker,” a colleague or boss whose abrasive style or devious actions can make the workday utterly miserable. Such people hurt morale, stoke conflict in the office, and harm a company’s reputation.

But toxic workers aren’t just annoying or unpleasant to be around; they cost firms significantly more money than most of them even realize. According to a new Harvard Business School (HBS) paper, toxic workers are so damaging to the bottom line that avoiding them or rooting them out delivers twice the value to a company that hiring a superstar performer does.

While a top 1 percent worker might return $5,303 in cost savings to a company through increased output, avoiding a toxic hire will net an estimated $12,489, the study said. That figure does not include savings from sidestepping litigation, regulatory penalties, or decreased productivity as a result of low morale.
  • Topic Stats
  • Top Replies
  • Link to this Topic
Type: Question • Score: 0 • Views: 340 • Replies: 2
No top replies

 
View best answer, chosen by oristarA
FBM
  Selected Answer
 
  2  
Reply Fri 4 Dec, 2015 02:58 am
@oristarA,
No, getting rid of toxic workers results in twice the profit compared to hiring superstar performers.
oristarA
 
  1  
Reply Fri 4 Dec, 2015 07:49 am
@FBM,
Cool.
Thanks.
0 Replies
 
 

 
  1. Forums
  2. » Does "delivers twice the value to a company" mean "cost a company twice"?
Copyright © 2024 MadLab, LLC :: Terms of Service :: Privacy Policy :: Page generated in 0.03 seconds on 09/29/2024 at 08:35:37