RAND Corporation and Britain’s Healthiest Workplace 2019
The Economic Impact
Sick staff cost British firms £88.1 bn a year for the UK economy. This includes the economic impact of absence due to illness and presenteeism, which is people coming into work either physically or mentally ill.
A 2019 study revealed that employees lose on average 14.6% of their working hours every year due to absence or presenteeism. The study shows a 7% increase vs. 2018, and shows a growing issue that needs to be addressed.
There are many reasons why absenteeism and presenteeism occurs, and we work with you to uncover layers of complex information and insights to identify that root cause within your business, and from there, provide the best solutions, prioritising them in order of need and urgency.
The Growing Issues
- UK employees lost 14.6% of their working hours in 2019, which equals an average loss of 38 days of productive time per employee in 2019 which equates to approximately 7 weeks
- 1.1% of working hours were lost to absenteeism
- 13.4% to presenteeism
- 18.2% of employees reported low engagement at work
- 56.4% of employees suffer from at least one dimension of work-related stress with 35.1% of these employees reporting having felt unwell as a consequence
Much of this productivity loss could be avoided through identifying the root cause of absenteeism and presenteeism at work and then providing practical health and wellbeing initiatives.
We work with organisations in a pro-active rather than re-active way to enhance wellbeing and productivity at work.
source: RAND 2019