The costs, both measurable and unmeasurable, are significantly steep.
Some estimates suggest that workplace violence causes an economic impact of over $120 billion annually on average.
According to OSHA, around two million Americans fall victim to workplace violence each year. 
The annual cost of workplace violence was estimated at $4.2 billion in the U.S. 
According to a university study from 2003, a serious violent incident in the workplace cost employers an average of $250,000, while less severe incidents, occurring more often, cost around $25,000 per incident.
The overall annual cost to American employers due to workplace violence was estimated at $4.2 billion. 
The hidden cost of workplace violence goes beyond money 
When employers neglect to address workplace violence, it leads to more than just financial costs.
It also causes mental and physical harm to the employees affected by violence.
Here are the hidden cost of violence at work:
Loss of Productivity
What Do Employees Say?
The World Risk Poll, which surveyed over 133 million respondents worldwide, found that 17.9% of respondents experienced some form of workplace violence such as physical, psychological or sexual violence and harassment.
Many times, employees who face any type of violence or harassment are afraid to report these incidents.
Workplace violence and harassment on a global scale 
A source derived from the Lloyd’s Register Foundation World Risk Poll reveals a survey conducted among a group of people who have experienced violence and harassment in the workplace.
3 forms of violence were conducted in the survey: psychological, physical, and sexual violence and harassment.
Among those 17.9% employees faced psychological violence and harassment.
Globally, 55% of those who didn’t report violence and harassment thought it was a ‘waste of time’ 
In a poll conducted by the Lloyd’s Register Foundation World Risk Poll, here are what most workers say why they didn’t report violence and harassment in the workplace.
FAQs about Workplace Violence
How widespread is workplace violence?
Globally, 23% of workers (750 million people) have experienced workplace violence or harassment. This includes psychological, physical, or sexual abuse.
What industries face the most violence?
Healthcare workers suffer violence at 5 times the rate of other industries.
What are the costs of workplace violence?
Workplace violence costs the U.S. economy $4.2 billion annually. Worldwide, the economic impact exceeds $120 billion per year from lost productivity and legal issues.
Who is most at risk of workplace violence?
Younger workers ages 15-24 face the highest rates globally at 23.3%. Women under 24 are more likely than young men to experience violence or harassment.
Why don’t victims report workplace violence?
Globally, 55% of victims believe reporting incidents would be a waste of time. Many fear retaliation or think complaints won’t make a difference.
The primary reason workplace violence often goes unnoticed is that people are afraid to report it.
While the estimated yearly financial impact is $120 billion, the aftermath also incurs significant expenses.
Workplace violence results in various costs such as healthcare, legal fees, insurance claims, lost business, and more.
This emphasizes the critical importance for organizations to diligently prevent violence in the workplace. It should be a top priority for them.
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Rachelle is a digital marketer with experience in project management and marketing. She crafts content supported by data, advocating innovative solutions for job-seekers and professionals involved in hiring.