Of course, your company wouldn’t intentionally do anything discriminatory. But should you end up on the losing end of an employee claim, it’s likely going to cost you a lot more than it once would have.
A lot more.
The median award for employment-related claims skyrocketed by 60% over 2008.
The new number? $326,640.
That scary stat comes from a new survey by Jury Verdict Research.
Here’s where companies of all sizes and in all industries are most vulnerable now:
- The claim where your company will most likely pay the most: retaliation. The median award was $225,000.
- The claim your business will pay the most for if it goes to a jury: age or disability discrimination.
- The claim your company is most likely to get hit with: sex or race discrimination. They remain the most common.
The new year is a great time to review your policies with all supervisors to ensure everyone understands what’s OK and what’s not in terms of managing people.
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Tags: discrimination, employment-related claims, retaliation