Bad Bosses Cause a Huge Drain on the American Economy – Ross Reck

When employees feel abused, mistreated or unappreciated by their boss, they either look for a job somewhere else or they retaliate by cutting back on their productivity. Researchers have estimated that the cost of employee turnover alone in America to be $1.7 trillion annually. Then, if you factor in the other things employees are motivated to do when they feel their boss is not treating them right such as taking more sick days, missing work more often, stealing from the company, doing as little work as possible and a poorer quality of work, convincing other employees not to work as hard and refusing to share their ideas on how to improve products and services, we’re probably looking at a four to five trillion dollar price tag for this Bad Boss behavior. This is huge especially give that the size of the entire American economy is only $14 trillion. Just think of the shot in the arm it would be to our economy if American business could recover a sizable chunk of this amount.