Companies set to lose $500 million to employees spending working hours on bank queues: IPC survey

A study by Industrial Psychology Consultants (IPC) titled Productivity loses as a result of bank queues survey report highlights that companies are set to lose $500 million this year because of the current cash crisis.

The survey states that companies lose at least $40 million a month to employees who are not productive since employees spend working hours waiting for cash on bank queues. The survey arrived at the figure using an average wage of $250 per month. Part of the survey report reads:

If we use an average wage of $250 per month the lose goes down to half. This will translate into slightly below half a billion per year if the cash shortages continue at the current rate.

More: Financial Gazette copy

Back to top

One Comment on “Companies set to lose $500 million to employees spending working hours on bank queues: IPC survey

Write a Comment

Your email address will not be published.


RSS Recent Profiles Created

Satisfaction survey
How likely is it that you would recommend Pindula News to a friend or colleague?
SuggestionsHow can we improve?
You have already submitted your feedback. If you would like to add more feedback please write us on hello@pindula.com.