Do you know how much Workplace Ill-Health issues cost your business in the last year?

Roughly calculate your Workplace Ill-Health costs here.

Health-related absence cost in the last year

Enter the number of employees you have:  
and multiply by £600(1) to give direct costs of around£
Multiply by 3(2) for a more accurate figure of£

This is only a rough guide and this is only an average. If your absence levels are higher than average costs could be much more.

The cost of presenteeism in the last year

Presenteeism is when an employee comes to work despite being mentally or physically unwell. This can affect productivity as well as morale of themselves and others around them.

Roughly calculate your presenteeism costs here:

The number of employees you have (as above)  
times the average cost of one month’s salary£
results in a presenteeism cost of£

Staff turnover cost in the last year

Roughly calculate your turn-over costs here:

The number of employees who left last year:  
times 7.5 months salary(3) to give direct costs of around£
This is the likely cost of replacement of a medium wage earner, when you look at recruitment and re-training. Experience can be difficult to replace.
Adding these all together gives a guide to the costs of workplace ill-health of £

Would you like to be more competitive and save some money for your SME?

It is estimated that absence costs the UK economy around £17.3 billion a year. Around 2-3% of the working population is off sick each day. This results in some 40 million lost working days every year. It could be a lot better! Read on to reduce the costs of Workplace Ill-Health for your organisation

Occua can help you achieve better results in both these areas

Notes
  1. This represents the average cost of absence for one person based on CIPD figures and will vary across industries and in line with salary levels and organisation-specific absence levels.
  2. Indirect costs include agency cover, overtime cover, loss of sales and so forth
  3. Costs include loss of productivity after a person leaves and before a new person starts, continued loss of productivity while they are training/learning, loss of sales, potential recruitment agency costs, onboarding costs, equipment costs and costs of management effort.
Links to research