Sickness in the Workplace Directly Impacts the Bottom line
Let me highlight two most common false assertions I have come across whilst talking to business leaders.
Myth 1: Our Employees Don't get Sick
SME and private sectors like construction and manufacturing reported sick days as low as 4 days or less. This number is far below average sickness of over 9 days for large corporate and public sector companies.
Our research shows that the major reason for this discrepancy is under reporting due to fear of losing your job, no pay during sick days, and peer pressure.
Myth 2: I know the impact of sickness on my business
Only 22% of SME record or measure sickness level in the companies, this number goes up to 37% for Mid and 52% for a large business.
Sick leave itself in the UK costs on average £500 per employee every year, but very few companies consider and measure the impact of sickness to overall profits. Delayed projects, lost revenue, replacement workers, overtime etc are all routinely overlooked, and all add to the real cost of sickness significantly impacting the bottom line.
Investing in workplace wellness doesn't have to expensive but can have significant ROI over long-term.
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