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Sickness 'has financial impact upon businesses'
Monday, 24 December 2007
Life after graduation
Absence through illness can have a major financial impact upon companies, according to new research.
Costofabsence.com, part of Bupa UK Health insurance, stated that the paper and printing industry is most likely to be affected by such absences.
Citing figures from the Chartered Institute of Personnel and Development, the website claims that a paper and printing business with 100 members of staff will lose approximately £125,000 a year due to sickness.
This is a 172 per cent increase on the previous year.
Ann Greenwood, director of business markets for Bupa, told onrec.com: "Businesses need to understand the impact that sickness absence can have on them, in terms of their performance, productivity and efficiency, as well as the effect it will have on their employees."
Research conducted by the Department for Work and Pensions earlier this year revealed that the UK loses 175 million working days each year to sickness-related absence.