Toxic Workplaces: Bad for Wellbeing and Bad for Business
Toxic work environments are the leading cause of burnout among employees.
Moreover, Harvard's research shows that the costs from a single toxic employee exceed the average profit from two superstars.
So what happens when companies ignore them? Here's the deal: toxic behavior not only affects the wellbeing of others but also drains productivity, costing American companies an estimated $223 billion annually, according to the Society for Human Resource Management.
Toxic workplaces cause low morale, decreased commitment, and higher turnover. Furthermore, news of such environments spreads quickly, damaging reputation and scaring off top talent from joining the company, resulting in further financial losses.
Just a heads up: having just one toxic employee is enough to cause serious damage to your entire team.
And what's worse? Toxic leaders, when they should instead be inspiring and supporting their teams, not making things harder.
By ignoring these issues, toxic behaviors perpetuate as leaders' actions are mirrored by their teams, ultimately shaping what the company sees as acceptable.
That's why toxic behaviors cannot be tolerated, and if they persist despite efforts to address them, companies should be prepared to take swift but fair action to protect the team and the business.
Have you ever experienced something similar in your career? How did it affect your mental health and productivity? Share your thoughts in the comments below!