DID YOU KNOW THAT PRODUCTIVITY IN THE UK IS THE LOWEST OF ALL G7 COUNTRIES?
Sickness absence is an often overlooked yet significant factor of productivity, and in manufacturing alone 41 per cent reported an increase in long-term sickness absence among their staff.
Unfortunately, the wellbeing of all sectors depends heavily on the health of an ageing workforce, which brings with it the potential of an increase of work-related illness and injury.
In the manufacturing industry alone, injury and sickness among the workforce is costing them 1.2 billion a year.
11,000 manufacturing workers being absent from work for a whole year, equates to 2.4 million working days lost to injury and illness.
A happy and healthy workforce has the following benefits for business owners of all industries:
Their employees are:
• More productive and motivated and
• More engaged and resilient to change
The bad news is, that many companies continue to have little understanding of the real financial impact of sickness absence among their workers.
The good news is, that a healthy workforce in any industry will help to create a successful economy’ – a win win for both business owners and employees.
Are you measuring the economic cost of staff sickness absence on your business?