Monday, September 24, 2007

Return on Investment - Drug Testing

Employee Theft and Fraud
- Average cost Per employee involved: $650
- U.S. Chamber of Commerce estimates 30% of all business failures are due to employee theft and fraud.
- 70% of these crimes are committed by repeat offenders.
- Up to 70% of employee theft is drug related

Cost of Negligent Hiring
- Average cost per incident: $150,000
- Courts are holding companies liable in negligent hiring cases not only for what they knew about a new employee, but also what they should have known.

Employee Turnover]
- Average cost per incident: $32,000
- Turnover costs average 1.5 times a person’s yearly salary

Workplace Violence Estimated
- Average cost per incident: $1,000,000
- Violence at work is a serious problem, with homicide now the #2 cause of death in the workplace.
- Up to 70% of criminal arrests are drug related

Accidents / Worker's Comp.
- Average cost $10,000 + per incident
- 50%+ related to substance abuse

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