The BIG mistake that 2 in 3 businesses are making and how it is costing them hundreds of thousands of dollars each year, without them knowing it!
Sell more and control costs, it’s a straight forward equation when it comes to growing any business. But for most businesses, the sell more part requires staff. When it comes to staff, you must look after them if you want them to look after your customers.
At the end of the day, happy customers lead to more sales and more sales equals growth, the very reason for being in business in the first place!
Why then, would any business owner allow:
- 1 in 3 women to be sexually harassed in the workplace; or
- 30% of their staff, both males and females to be bullied in the workplace; and
- Discrimination to be addressed by “toughen up sunshine, that’s just the way it is”.
Even those businesses that strive to get it right, often fail, because:
In Australia right now, 70% of businesses do not have a reliable workplace compliance system in place.
One that allows them to train their staff and verify that they have read and understood policies, for matters pertaining to code of conduct, fair work and safety.
As a result, engagement surveys, exit interviews and lost time injury reports all point to a massive shift in absenteeism, staff turnover, lost productivity, decreased engagement and mental health issues that is costing Australian businesses billions of dollars each year.
Furthermore, for a business owner, the absence of a reliable workplace compliance system can also lead to:
Significant claims of legal liability, in the hundreds of thousands of dollars, lost time spent in investigations, mediation and legal proceedings, and massive brand damage.
That is why Sentrient has come up with a way to take the pain out of compliance with an online workplace compliance system that makes it easy for businesses of all sizes to do the right thing and protect their people and their business.
It’s one small step to ensuring that people can come to work and feel safe and be treated fairly and with respect, regardless of their age, gender, race or other personal characteristics.
That is the Australia we all want!
Please let me know what you think about this article?
This article was first published on https://www.linkedin.com/pulse/big-mistake-2-3-businesses-making-how-costing-them-hundreds-altus/