UK businesses face financial challenges from long-term sickness absence, averaging £20,735 per employee. This includes direct and indirect expenses like lost productivity and administrative costs. Short-term sickness also poses a financial burden, averaging £13,800 per employee with reports of 6.38 days off due to illness. Employers vary in how they assess absence costs, with many focusing on productivity losses and efficiency reductions. Proactive measures like virtual GP access can help reduce absenteeism and its costs, emphasizing the need for early intervention to support employee health.
Long-term sickness absence now costs UK businesses an average of £20,735 per employee, encompassing direct and indirect costs, including lost productivity and temporary staff cover.
Even short-term sickness absences have a significant impact, with an average cost of £13,800 per employee and an average of 6.38 days off due to illness.
Employers measure the financial impact of sickness absence through various methods, including lost productivity, daily absence costs, and reduced business efficiency.
Proactive services like virtual GPs and counselling are essential to prevent health issues from escalating, minimizing absenteeism and its associated costs.
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