What comes to mind when you hear the word “employment lawsuit?”
(First, take a moment to let your heart rate return to normal.)
Lawsuits between employers and workers have a boatload of negative consequences. Legal battles with former employees can siphon away time and energy that would otherwise be spent building your business. They can expose critical gaps in your compliance program and policies. And they can draw hostile consumer attention to your company and brand.
But, above all, the worst impact of a legal dispute may be on your bottom line. Simply put, lawsuits are expensive:
Please share if you know someone who would benefit from seeing these stats.
You may recall when we examined the costs of a typical discrimination lawsuit in our Statistic of the Week from a few weeks back. This week’s statistic, by comparison, looks at the averages of all kinds of employee lawsuits. While discrimination disputes may be more costly in the median—and costs are going down overall—lawsuits of all different types still present enormous financial risk to the organizations unlucky (read: non-compliant) enough to experience them.
Don’t miss next week’s “Learn the Latest Trends in Employment Law” webinar, in which we will dig further into this statistic and related legal topics. Presenters include Tim Scott of Fisher Phillips, Patrick Sanders of SmithAmundsen, and Compli’s own Kynzie Sims. If you’d like to avoid an employee lawsuit whenever possible, you won’t want to miss this webinar.
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