Grief Costs Billions
Readers of the Idioticon will know our fondness for Harvard's Daily Stat. The latest factual soufflé reported as follows:
"About 4 million American workers experience the death of someone close to them each year. According to the "Grief Index" published by the Grief Recovery Institute Educational Foundation, employees tend to hide their grief at work, and the effects of this hidden grief cost U.S. companies an estimated $75.1 billion annually."
Now the Grief Foundation seems to do admirable work. But think about these statistics. Every day business 'loses' staggering amounts of money to things like this. According to the Torygraph, Australian business loses $2 billion a year through unclear communications. While British business loses $2 billion a year because of spelling and grammar mistakes. British business loses over $13 billion a year because of staff absenteeism. According to the Equal Opportunities Commission, stress costs the UK economy £12 billion a year. Every year, U. S. businesses lose as much as $120 billion because of power reliability problems, according to Batteries Digest. And every year, U.S. businesses lose $32 billion dollars, and 132 million work days, because of employees' premature deaths that are associated with cardio-vascular disease.
Where does all this money go? To whom do they lose it? Presumably my competitor profits if I lose a lot of money because my fat colleague dies? But what about the bad grammar? How does that work? Well, some pedantic old gits apparently boycott companies that send out leaflets with apostrophes in the wrong place. Presumably they then go any buy from someone else. So, every year British business gains over $13 billion because of bad spelling and grammar. Doesn't it?
Anyway, how much money does business lose each year to employees writing blogs? Or reading other people's? How much money does it lose because of staff going to the lavatory or breathing? It scarcely bears thinking about.