We already know the Cost of Avoidance is $1,500 & and 8 hour workday for every conflict we avoid, which, for an organization of 250, costs a minimum of $200,000! If you thought that was steep, get ready in this week’s Lucrative Lookback to see the baseline cost of dysfunctional teams.
I’ll give you a second to take a deep breath and really get comfortable. We’re heading into 7 figures here, folks!
Down to the business of team dysfunction.
Raise your hand if you’ve ever been on a dysfunctional team, or have witnessed one first hand.
Now, raise your hand if you thought that was/looked like fun!
No one? *Cue Sarcasm* How odd!
In all seriousness, dysfunctional teams are the bane of every stakeholder’s existence. They look bad, they feel worse and their performance is even more dismal than that…if you even want to call what they are doing performance.
This infographic sums up the baseline financial cost of dysfunctional teams in an organization of 250 people:
That number is a bit sobering, especially considering this is not a large organization! Keep in mind, this is onlythe baseline financial cost. It doesn’t even include the estimated $200,000 from conflict avoidance!
Other detriments that aren’t calculated above include:
- Lack of trust & safety
- High levels of disengaged employees
- Wasted time gossiping, avoiding conflict etc.
- High turnover
- Knowledge gaps
- Lost faith in leadership
- Poor internal mobilization
- Missed opportunities
- Low morale
- Stress/health problems
- Poor teamwork