More than a third of UK businesses don’t measure the impact of sickness absence on their business, according to findings from group risk industry body Grid.
The findings show while 85% of UK businesses record employee absence, fewer employers (63%) actually measure the impact of sickness absence on their business. Of this group, four in five said that it had become more difficult to record since the onset of Covid as furloughing and working from home have combined to mask sickness absence.
Of those businesses alive to the benefits of documenting the impact of staff sickness, recording the number of lost hours or days was the favoured method (44%), followed by calculating the cost of sick pay provision – e.g. statutory sick pay and salary costs (40%).
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