EP 160 – How Many Dollars Do You Lose to Drama?
This is the first in a 3 part series
Do any of these sound like you?
Are you hoping to get your team to JUST DO THEIR JOBS?
It seems everything gets done better and quicker if you do it yourself.
You try to do it all but constantly feel overwhelmed and resentful.
Fed up with all of the drama, bickering and complaining?
Ever feel like hiding from all of it forever?
That employee drama is costing you WAY more than your mood! Let’s talk Dollars!
I’ve been helping leaders just like you defeat their team drama for more than 15 years.
And, let me just say, I use the term Drama very loosely –
Because to me, when it comes to business, Drama is ANYTHING that shifts focus away from where it needs to be. You need a team laser focused on serving your customer, clients, or patients…….
Why have I made it my mission to help leaders Defeat Drama? Because passionate entrepreneurs, family businesses, and non-profits have important work to fulfill and too often drama stands in the way. Drama zaps energy, shifts focus AND WORSE – Costs WAY more money than you know!
Studies show that each employee wastes at least 2 ½ hours per week dealing with drama.
And I’ll place emphasis on AT LEAST here. Over the course of more than 15 years I’ve seen the collateral damage that happens around drama. But….let’s move forward with a simple calculation to illustrate the cost of drama at just an average of 2 ½ hours per week per employee.
Let’s keep it simple with a team of 25 employees making $18.00 per hour.
25 employees x 2.5 hours = 62.5 hours per week invested in team drama
Now, let’s multiply those 62.5 hours times an average hourly rate of $18.00 – Keep in mind, you are likely spending MORE than than per hour on at least some of your employees, if not all. We could also calculate an hourly cost of paid benefits…….But, again, let’s keep it simple.
So $18 multiplied by 62.5 hours gives us a grand total of $1,125 per week invested in team drama!
Soak it in for a minute. Is that where you want to spend your money?
But wait……It gets even worse. Let’s multiply that weekly expense by 52 weeks. How much is this hypothetical team spending on drama for the year? $58,500 WASTED on Team Drama!!
What could you do with an extra $58,500?
Keep in mind this is JUST what you’re spending on time invested in on the act of distraction. The total cost is MUCH higher if you add in lost productivity, less business, more customer service issues! And, if you have high drama, not only is your team investing more of your dollars into drama but they are likely driving away your good employees. Higher turnover means more dollars to replace people. And, your best people have more options and are more likely to get burned out.
This is hypothetical. I encourage you to do the same math for your organization. Use average hourly rate (turn an annual salary to hourly by dividing by 2080 hours) or use each person’s actual hourly rate multiplied by 2.5 and then 52 to give you the annual cost.
What’s your number?
If you’re ready to take action I have few spots left in my calendar this week for a free 30 minute leadership breakthrough consultation GO TO DefeatTheDrama.com/Session to claim yours now.
I’ve been helping leaders just like you defeat their team drama for more than 15 years.
And, let me just say, I use the term Drama very loosely –
Because to me, when it comes to business, Drama is ANYTHING that shifts focus away from where it needs to be – You need a team laser focused on serving your customer, clients, or patients…….
Why have I made it my mission to help leaders Defeat Drama? Because passionate entrepreneurs, family businesses, and non-profits have important work to fulfill and too often drama stands in the way. Drama zaps energy, shifts focus AND WORSE – Costs WAY more money than you know!
Again, If you’re ready to take action I have few spots left in my calendar this week for a free 30 minute leadership breakthrough consultation GO TO DefeatTheDrama.com/Call to claim yours now.
Learn the Delegation Strategies I’ve shared with THOUSANDS and get your team to do what you need! Grab a copy of my EBook, The Six Simple Steps to Great Delegation
DefeatTheDrama.com/DelegationSheet
Kirsten Ross Vogel is an author, podcast host and CEO of Focus Forward Coaching where we help leaders
defeat team drama
to 4X productivity,
wow their customers
and improve their bottom line
with simple, actionable strategies, systems, communication hacks and mindset shifts.