Uncovered: 9 hidden costs of absence
Did you know that there are 9 hidden costs related to workplace absence?
In the UK, the total economic cost of sickness absence, lost productivity through worklessness, informal care giving, and health-related productivity losses, are estimated to be over £100bn annually.
A staggering figure. But what many leaders may not realise, is that the true cost of absence goes much deeper than the surface value of lost labour. It’s a multi-faceted issue that can lead to absenteeism, disengagement and ultimately, staff turnover. All of which are costly concerns for businesses.
In this report, we’ll delve into the 9 hidden costs associated with workplace absence, and provide insight in to how you can begin to tackle these issues in your own business. To empower you to understand the value of absence.
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