PracticeConsultingBusiness loses £10bn to sick days

Business loses £10bn to sick days

A total of 192 million working days were lost in 2000, the equivalent of 861,000 people not working for a whole year and at a cost of £10.7bn to business, according to new research.

The number of days lost due to workplace absence is equal to the entire working population of Nottinghamshire plus Merseyside.

Workplace absence averaged 7.8 days per employee last year or a cost to business of £434 per employee, according to findings revealed by the Confederation of British Industry’s fifteenth annual absence survey ‘Pulling Together’ published in association with PPP Healthcare.

Short-term absence accounted for 80% of all absences recorded.

The survey showed that employers believe most absence is caused by genuine sickness with manual workers suffering more from physical illness, while non-manual workers were absent due to stress and recurring illness.

Susan Anderson, CBI director of human resources policy, said: ‘Absence rates are lower than they were ten year ago but it is worrying that there’s such a big gap between the best and worst performing organisations.’

Public sector workers were absent more often than those working in the private sector with an average of 10.2 days for the public sector and 7.6 days for the private sector.

Dudley Lustedd, PPP Healthcare’s director of corporate healthcare development, said: ‘Too many companies are still failing to manage their people-risks properly. It’s crazy to pay people not to work when the tools to safeguard their wellbeing and manage sickness absence are so well established.’

Small companies reported lower absence rates with the average rate at 5.9 days per employee, while companies with more than 500 employees reported nine days per employee.

For more information on the CBI visit www.cbi.org.uk

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer