Sick leave costs UK business £39bn

first_imgSick leave costs UK business £39bnOn 18 Sep 2001 in Personnel Today Firms are spending more than 10 per cent of their staff budgets on sicknessabsence and employee healthcare, claims Norwich Union Healthcare research. It is costing UK business £39bn a year, if the findings from the 87companies that took part in a survey are extended to all firms in the country. Nigel Hawkins, research and development manager at Norwich Union Healthcare,said HR needs to recognise the problem, look at measurement systems to ensurethe right data is being captured and ensure it is used to take appropriateaction. “There may be a problem with short-term frequent absence due toworkplace bullying, or long-term absence because people are on NHS waitinglists, in which case you could intervene with private healthcare,” hesaid. Of the respondents, 95 per cent had formal policies for absence management,but less than 4 per cent think they are effective. Only one in 10 regularly assessed the direct cost to their organisation ofsick leave. Previous Article Next Article Comments are closed. Related posts:No related photos.last_img read more