"Employee sickness absence costs UK businesses an estimated £11.8bn in lost profits in 2025, highlighting the growing economic impact of workplace illness on firms."
"Small and medium-sized enterprises appear to be disproportionately affected, with employees in organisations employing fewer than 50 staff accounting for around 47 million sick days."
"Larger organisations are more likely to mitigate the impact through workplace health schemes, including private medical insurance, which can speed up access to treatment."
"Industry figures suggest increasing employer interest in private medical cover as a tool to reduce treatment waiting times and reduce sickness-related disruption."
In 2025, employee sickness absence is projected to cost UK businesses £11.8bn in lost profits, with private sector workers taking approximately 98 million sick days. Each absence results in an average loss of £120 in output and profit. Total sick days across public and private sectors reach 149 million. Small and medium-sized enterprises face the brunt of these costs, accounting for £5.6bn in lost profits. Larger firms can mitigate impacts through health schemes, while smaller firms struggle with cost constraints, leading to increased interest in private medical cover.
#employee-sickness #uk-businesses #lost-profits #small-and-medium-enterprises #workplace-health-schemes
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]