Litigation Costs
If you have more than 100 employees,
there are more than 50 employment laws your company
must follow. Is your company complying with each
one? Uncertainty could cost
you thousands, even millions of dollars!
Consider these statistics:
Since 1995 there has
been a 2000% increase in employment litigation.
U.S. Small Business Administration
Employment
litigation that goes to trial results in a success
rate for plaintiffs of approximately 60% to 70%.
Kiplinger Letter
A first-time violation of the
Americans with Disabilities Act (ADA) can cost
your company $55,000. Each additional violation
can bring a fine of $110,000. United States Department
of Justice
"According to Chubb's
survey, 26% of executives at privately held companies
reported that their company had been sued by
an employee or former employee . . ." Employment
Practices Liability Survey Findings (Chubb Group
of Insurance Companies, 2004)
The number of discrimination
jury awards exceeding $10 million has increased
750% over the past ten years. AeA Press Release
- October 24, 2002.
"In 2004, 63% of the
survey respondents said they handled a complaint
of sexual harassment at their company." Jackson
Lewis Workplace Survey, 2004
The compensatory
award median for employment-practice liability
cases (e.g., discrimination, wrongful termination)
rose 18% to $250,000 in 2003. Jury
Verdict Research® press
release, May 17, 2004
The Equal Employment Opportunity
Commission (EEOC) received 79,432 private sector
charges in 2004 and obtained more than $364.1
million in monetary benefits for claimants.
The U.S. Equal Opportunity Commission
The EEOC
filed 378 new lawsuits and reported a 90% litigation
success rate in 2004. The U.S. Equal Opportunity
Commission
How can you keep your company
from becoming a statistic? Outsource your HR
tasks to Patriot HR! We can handle the administration
of the Family and Medical Leave Act, COBRA,
and other government-mandated tasks for you.
For more information, Contact
Us!
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