Let’s take a quick crack at some math. We are going to take a look at a figurative multifamily situation involving a community with 20 employees. The property management company does not believe that training is necessary in order to help prevent sexual harassment claims.
As a result of that line of thinking someone makes what they think is an innocent statement towards another employee and then BOOM!!!!!!! A claim is filed with the property manager. Are your pencils sharpened? Good! Let’s see how much this is going to cost our figurative multifamily company.
The first step they have to take is to hire a professional to investigate the situation. Usually this is an entire business week that is charged back to the property management company. The typical cost is 40 hours X $100.00 per hour. That’s $4000.00. After that the investigative company mandates that the entire staff take a day of offsite sexual harassment prevention training. Pencil’s ready? Let’s say the average pay per hour is $15.00 per hour. So we need to calculate $15.00 X 8 hours X 20 employees. Total cost to the company for that training day. $2400.00
Now you need to factor in travel expenses, meals, textbook and materials, and of course the person you are paying to train your 20 team members. That will add approximately another $1500.00. The grand total for this sexual harassment claim----$7900.00. Let’s not even go down the road if the alleged victim decides to take their claim to court and wins.
Now let’s theorize how much it would cost this company if they had instituted a preventive training program that had a sexual harassment prevention course that could be tracked and analyzed where the team members needed help on this subject. For an LMS with a Sexual Harassment prevention course, it would cost a company as little as $35.00 per year per employee to take the course twice. That’s approximately $700.00 a year to train the whole company.
I’ll let you do the math.
Written by Jonathan Saar. Average statistics provided by The Training Factor