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Calculating sickness absence for companies
A new website has been launched to help businesses calculate the cost when employees are off sick.
Figures from the Confederation of British Industry found that employee absence costs the UK economy some 13 billion in 2005 with 164 million working days being lost.
BUPA Health Insurance has come up with a way for business to quickly check the cost of worker illness and absence to their business in the shape of a new website www.costofabsence.com.
Research by BUPA reveals that Telecoms workers cause the most cost from absence with
employers facing an annual bill of 123,400.
Second is the electricity, gas and water industry where ill health costs companies around 100,600 a year and the health sector looses around 77,800 because of sickness absence.
In terms of those employees taking the most sick days, local government workers are top taking on average 11 days off per year while those working in hotels, restaurants and the leisure trade are the least absent taking around 5 days off a year.
"Businesses need to understand the impact that sickness absence can have on them, in terms of their performance, productivity and efficiency, as well as the effect it will have on their employees," explained Ann Greenwood, director of business markets for BUPA Health Insurance.
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