Cost of Employee Misunderstanding: $37 Billion

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Cost Management Alerts

Cost of Employee Misunderstanding: $37 Billion

June 24, 2008 7:32 PM

Everyone makes mistakes, but some errors are bigger than others -- and the big ones can be costly indeed. Take the company that dumped chemical waste into the street instead of a sewer because an employee thought that "sewer" meant "storm drain." A new white paper from IDC claims that employee errors cost U.S. and U.K. companies a whopping $37 billion annually. Click here for an executive summary or here to download the full report (requires free registration.)