Conflict Cost Estimation
The "Conflict Cost Estimation" resource is designed to help organisations calculate the estimated financial impact of workplace conflict. It involves analysing various factors such as lost productivity, employee turnover, absenteeism, legal fees, and the time management spends on resolving conflicts. By quantifying these costs, organisations can better understand the economic implications of unresolved conflicts and make informed decisions about investing in conflict resolution strategies to reduce these expenses. This estimation highlights the importance of proactive conflict management in maintaining a healthy and cost-effective work environment.