Transcription of Financial Impact of WV - Workplace violence
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The Financial Impact of Workplace violence 1 To ensure that you and I are on the same page regarding what the meaning of Workplace violence is let us start out with a definition. Violent acts including assaults and threats which occur in, or are related to the Workplace and entail a substantial risk of physical or emotional harm to individuals, or damage to an organizations resources or capabilities." More specifically it includes: Actual violence that causes or is intended to cause injury or harm to a person or property Threatening remarks and/or behavior in which intent to harm is stated or implied or indicates a lack of respect for the dignity and worth of an individual. Verbal abuse Mobbing, bullying, emotional abuse Possession of a weapon while working or on company property From a legal viewpoint, Workplace violence is governed by the Occupational Safety and Health Administration (OSHA) which is a division of the department of Labor.
The Financial Impact of Workplace Violence 4 • The cost of a single homicide at work averages between $250,000.00 to one million dollars when all cost are consider.11 This latter point raises a critical issue that oftentimes is overlooked because of
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