Rising Workplace Sickness Costing UK Economy Billions Per Year | HR Grapevine

Rising workplace sickness is costing UK businesses billions every year, with an estimated £25bn being lost through presenteeism, according to a new think tank report.

New analysis from the Institute for Public Policy Research (IPPR) reveals the annual hidden cost of employee sickness has risen by £30 billion since 2018. 

Most of this increased cost, around £25 billion, is from lower productivity, with only £5 billion due to a rise in sick days.

Employees now lose the equivalent of 44 days’ productivity on average due to working through sickness, up from 35 days in 2018, and lose a further 6.7 days taking sick leave, up from 3.7 days in 2018.

Workers in the UK are among the least likely to take sick days, especially compared to other OECD and European countries. 

Read the full piece here: https://www.hrgrapevine.com/content/article/2024-08-01-rising-workplace-sickness-is-costing-uk-economy-billions-every-year-think-tank-warns