Stat of the week: Discrimination Lawsuit and Settlement Cost Trends
Remember those old MasterCard commercials that compared the costs of goods and services with the immeasurable worth of a once-in-a-lifetime experience? Here’s a new one for all you legal and compliance nerds:
Please share if you know someone who would benefit from seeing these stats.
Damages in a discrimination lawsuit? $162,000.
The cost of a settlement? $74,000.
A compliance program that ensures you avoid employee disputes whenever possible in the first place? Priceless.
Yes, a legal battle over discrimination can cost your organization dearly, whether you duke it out in court or decide to settle. Sure, the financial damages may be decreasing on average, but they remain high enough to wipe out an average business’s emergency fund, and then some. Plus, none of this takes into consideration the massive, incalculable harm a discriminatory policy can have on your reputation in the eyes of consumers.
Looks like it’s time to open a MasterCard accou—I mean, see how Compligo transforms your compliance program.
Check out more weekly statistics and compliance coverage on our blog.
