Workplace Bullying: Impact on Economic Cost and Individuals

WORKPLACE
BULLYING
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TABLE OF CONTENT
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6
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INTRODUCTION
With the inclusion of diverse culture and with the impact of globalisation, our society has
faced different aspects of bullying whether it is in workplace, school, colleges etc., and according
to the current situation it is has come up as a matter of discussion. Workplace Bullying, can
generally be verbal or physical but the fact is it puts a huge impact on the lives of the person who
is actually facing it because the humiliation can lead to mental health issues (Hoel, Cooper and
Einarsen, 2020). Therefore, this report will provide with an insight of Workplace bullying and
how it has an impact on the economic cost whether for the company or in relation to the
individual who is the victim of the same. Moreover, what all factors that needs to be considered
workplace bullying is also mentioned in this report.
MAIN BODY
In terms of people, considering their behaviour, if there is a high anxiety situation that their
performance typically gets down and the productivity level starts to decreases (White, 2018).
Workplace bullying has relatively increased and its impact can be seen in the turnovers because a
report released by “noworkplacebullying.com” states that approximately 30% of the workers
who are bullied and faces humiliation resign from their respective jobs. Along with this, other
20% of the employees also leaves their job who witnessed bullying. Therefore, it can be said that
nearby 50% of the workforce can be affected by workplace bullying. According to the article
published in Financial Times, bullying and harassment included a cost of around £2.3bn a year
and the reason being is the absence of employees, resigning from the job, decreased level of
productivity because of the mental health issues, compensation and many more (Victims of
workplace bullying are still let down by poor management, 2019). According to the same article,
the professor (Robert Sutton) of the Stanford University has also mentioned an instance of a
sales person who regularly insulted, bullied his co-workers was charged with $160,000 in order
to quantify the bad behaviour towards his colleagues. But the consequences were bad as there
was a decrease in the productivity level, suddenly staff turnover increased and reputation of the
company was in danger. Sometimes in most of the cases of workplace bullying the organisation
itself doesn’t show any kind of support and try avoiding the situations.
Workplace bullying is an aggressive behaviour and it is done regularly over a period of time
According to the article published the estimated cost that which is faced by the economy due to
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