Source | Blogshrm.org | By|Alex Alonso
One in four Americans say they dread going to work each morning, and almost half of American workers have thought about leaving their current jobs. Those statistics point to a grim reality for today’s employers: We have a culture crisis at work. And it’s costly.
SHRM’s new report, The High Cost of a Toxic Workplace Culture, released today, reveals what many employers are seeing every day: the strong correlation between workplace culture, satisfied and engaged employees, and business productivity. When it’s toxic, everyone loses.
Nearly 1 in 5 American workers have left their jobs in the last five years because of a bad workplace culture, costing organizations approximately $223 billion. Their number-one reason for leaving? Fifty-eight percent said the culture issues rested with their managers.
The critical role People Managers play in workplace culture is also the subject of the latest in SHRM’s current series of television commercials. In the new spot, which launched on Friday, SHRM President and CEO Johnny C. Taylor, Jr., talks with Ajay Banga, President and CEO of Mastercard, about the importance of inclusive cultures and the role managers play.