We came across a staggering statistic this week: toxic corporate culture is 10.4 times more powerful than compensation in predicting a company’s attrition rate. While paying people a good wage remains extremely important, a figure like this also makes it clear that great workplace culture is not a nice-to-have. Toxic workplaces cause employees to quit and have long-term mental health issues. Workplace toxicity can destroy professional and company reputations and greatly impact the bottom line. This week, we’re exploring the true impact and costs of toxic workplace culture and what signs to watch out for to identify a toxic culture.

Low Pay Isn’t Causing People to Quit Their Jobs — Toxic Workplace Culture Is

Workers aren’t leaving their jobs due to low compensation. According to the analysis of 1.4 million reviews on Glassdoor, toxic workplace culture is 10.4 times more likely to contribute to an employee leaving than compensation. That culture includes failing to prioritize diversity, equity, and inclusion; unethical behavior; and workers feeling disrespected. Learn more about the report, including what industries are the greatest impacted and what can be done to avoid it.

Three in Five Have Taken Long-Term Leave Because of Toxic Workplace Culture

61 percent of those who have experienced problematic workplace behavior have had to take a period of long-term leave, with the majority saying the emotional distress lasted from two to four years. 65 percent of employees who have experienced toxic workplace culture say the compensation they received did not make up for the emotional distress caused. Additionally, problematic workplace behavior can impact an investor’s decision on whether or not to provide funding. Learn more about the negative impact of toxic workplace culture.

Over a Third of Financial Services Employees Impacted by Toxic Workplace Culture

According to new research, more than a third of workers in the financial sector indicate their productivity has been impacted by toxic workplace culture. Many workers have called in sick or taken time off due to an incident at work. This loss of productivity due to a toxic workplace costs businesses big. From legal battles to payouts, loss in productivity, the cost to replace employees, and more, there are many costs to a toxic workplace for businesses.

16 Signs of a Toxic Work Environment (and How to Address It)

Enabling a toxic environment can ruin a company and the reputation of anyone involved. Even so, many in leadership positions disregard it and employees are too intimidated to bring toxic behavior to leadership’s attention. Hear from 16 Fast Company Executive Board panelists on the key signs of a toxic environment to look out for and some practical advice for management to consider as they clean up the workplace.