Business Risk, Tribunal Costs and the Cost of an Independent Investigation
Here we talk about the financial cost to the business of failing to manage contentious work-related conflict. We highlight the business risk (providing case studies), Tribunal Costs and the cost of an independent investigation.
When you compare the business risk (See Confllict Costs) against the financial outlay of containing the problem – you will see it is a no-brainer.
In this section (See Investigation Costs) we also provide an explicit and structured breakdown of our consultancy charges in terms of providing an independent workplace investigation service. This will give you a feel for the total cost (at circ £5K) to identify the core problem, understand options for remedying the situation and therefore minimise the risk of unnecessary, unwelcome and costly litigation.
2016: Marks v Derbyshire Healthcare NHS Foundation Trust. In this Sexual Harassment Case Mrs Marks, former HR Director, was awared £830,000 by a Tribunal in Compensation.
2011. In Michalak v Mid Yorkshire Hospitals NHS Trust, the employee was awarded £4.5million.
£84 Million was the cost to the Tribunal System Yr 2010-11 (further statistics to follow).
For an informal discussion call us.
HR & Diversity Management Limited
Tel: 07734 701221 Email: firstname.lastname@example.org