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Absenteeism and presenteeism are two factors that can have major consequences on the finances of British businesses; significant health issues in the workplace can have a direct effect on performance and productivity. The Chartered Institute of Personnel and Development (CIPD) revealed in its annual report that the average annual cost of absence to businesses is £692 per employee¹. While the effects of employee absenteeism on businesses are well documented, one issue that is not addressed as much is that of presenteeism; where employees actually attend work, but due to health issues, are unable to perform their duties to the required standard. Research by PriceWaterhouseCoopers² suggests that presenteeism could cost employers up to seven times more per employee per year, based on the CIPD figures this puts the figure just under £5,000 per affected employee per annum. As a result of rising absenteeism and presenteeism levels, more and more businesses are beginning to invest in group healthcare policies for their employees. A report by the European Network for Health Promotion³ suggests that, for every 80p spent by an organisation of health promotion and intervention programmes, around £4 could be saved by the business. Wellness programmes help to improve business turnover as they help reduce absenteeism and presenteeism, save money on temporary cover staff, and in turn improve morale and motivation in the office. If you are looking for affordable, everyday business healthcare cover, designed to help your company enhance its performance, then look no further than UK Healthcare. A subsidiary of Bolton and District Hospital Saturday Council, UK Healthcare Limited provide affordable healthcare solutions for both individuals and companies. With the UK Healthcare cash plan, policyholders can claim back expenses paid at the pharmacy, dentist and opticians, as well as being covered for consultant referrals and hospital stays up to policy limits. For more information about UK Healthcare and their range of business healthcare plans and services, visit the UK Healthcare website at http://www.ukhealthcare.org.uk/for-companies. Ref: UKH-HS-191110 ¹ CIPD Absence Management Report 2009 ² PriceWaterhouseCoopers Building - The Case for Wellness, 2008 ³The European Network for Health Promotion 2008
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