How Can We Find The Budget To Invest In Our Employee Experience?
Diagnosing The Workplace: Not Just An HR Podcast · 2025-04-09 · 44 min
Episode notes
Send us a Message! (But we can’t respond, so feel free to email us at info@roman3.ca) In this episode, we explore some common barriers and situations that business leaders and HR professionals need to overcome to effectively prioritize putting a strong budget behind addressing workplace culture challenges. Our prescription for this episode is to rethink how we already spend and invest in our businesses. It is likely through eliminating waste that we can find the budget to make effective investments. Past Episode Referenced: S2 E4: What Is The Cost Of Doing Nothing About Your Workplace Culture? Statistics referenced: The result of 22 case studies show a typical cost of turnover of 20% of salary. - Center for American Progress. There Are Significant Business Costs to Replacing Employees Report (2012) An uncivil workplace (where microaggressions and rude/passive aggressive behavior are common) can reduce employee performance to a cost of $14,000 annually, or about 26% of the average annual salary. - Pearson, C., & Porath, C.
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