As an employer, you are always mindful of expenses and keen to save where you can. When it comes to workplace investigations, you might find yourself hesitating due to concerns about costs and potential legal ramifications. But before you brush off the idea, let us dive into the hidden expenses and risks you could face by skipping a thorough investigation. Understanding the real costs involved might just change your perspective and lead you to make a more informed decision.
Legal troubles: a costly mistake
Ignoring a workplace investigation can lead to serious legal troubles for businesses. Discrimination lawsuits, for example, can result in hefty settlements ranging from thousands to millions of dollars. You can establish credibility as a responsible employer by conducting a thorough investigation. This may also reduce liability. Defending against charges or lawsuits becomes much harder when you have done nothing despite knowing about a complaint.
Hidden costs of ignoring issues
When problems go unresolved, morale suffers and productivity may drop. With all the tension going on, conflicts may arise and cause further business disruptions. These issues not only harm employee well-being, but it also hampers overall workplace efficiency. Failing to address problems can lead to long-term consequences.
Comparing costs: investigation vs. noninvestigation
Some might assume that conducting a workplace investigation is expensive. However, the expenses involved are often much lower than the potential penalties of not investigating. Investigators charge an hourly fee for their services. This can vary based on factors like:
- The scope of the investigation
- Complexity of allegations
- Evidence to review
- Number of witnesses
Despite these costs, they are significantly less burdensome than legal fees, settlements and damage to your company’s reputation.
Investigate for a better work environment
In the end, the cost of conducting a workplace investigation is a small investment compared to the potential consequences of not doing one. Investing in a workplace investigation can save yourself from greater expenses and headaches in the future.