The Financial Impact of Workplace Violence
An in depth analysis of the cost impact of workplace violence on a business is explored. A cost model is introduced to identify the costs that are associated with a serious workplace violence incident occurring. Emphasis is placed on the critical role of Disaster and Emergency Preparedness Planning which can reduce the impact of such occurrences. The case is also made for focusing on anticipating the possibility of workplace violence and not just preparing to react, but also taking preventative steps to reduce the likelihood of such events occurring. The role of Financial Managers in preparing for addressing workplace violence is also discussed.