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According to new research conducted by Breathe, the price of perpetuating a toxic work culture could total a staggering £15.7 billion per year. The report, titled The Culture of Economy 2020, revealed that one in five (21%) SME employees quit their job due to poor workplace culture.
The report also found that one-third (33%) of SME ‘decision-makers’ experienced or witnessed workplace bullying in the past year. In addition, 31% of business leader respondents experienced or handled harassment cases in the last year. Interestingly, most employees (57%) reported that senior management handled the situation poorly.
Despite this, the percentage of people quitting their jobs due to poor workplace culture is down 13% in comparison with data from 2018 – outlining businesses are making this more of a priority.
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The report details that due to COVID-19’s widespread impact – whereby millions of British jobs could be axed and the majority of British workers are having to work from home – creating an engaged culture must remain front of mind for businesses alongside cashflow to ensure that companies can continue to operate through the turbulence.
