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Sexual harassment claims increasingly expose your organization to significant business, financial, and human resources-related costs and liabilities. Potential claims now often exceed six-figure numbers. More importantly, sexual harassment increases recruitment and hiring costs increase absenteeism and turnover costs, lowers employee morale, reduces job performance, and results in lost productivity. As a result, if your company has a 6% profit margin, it will have to generate $1,667,000 in new sales to cover the costs of each sexual harassment claim or award of $100,000.
Thus, while the financial liabilities of sexual harassment can be substantial, they represent only a part of the total cost. To the extent sexual harassment defines how your organization values its employees, your organization increasingly becomes a place to avoid. To the extent your organization accepts sexual harassment as an incidental working condition, you tell employees, applicants, and third parties: you don’t value them. And to the extent your organization does not take immediate action to correct problems, you demonstrate that they should look for employment elsewhere.
These critical issues and other important elements of effective sexual harassment, programs will be discussed.
ComplianceIQ is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [1.5] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.